In northern Iowa, 27 businesses received money ranging from $3,400 to $265,000, with an average of $59,187 per business.
According to Axios, restaurants, breweries and caterers can use the money to cover costs like previous rent, mortgage and payroll, but it must be used by March 2023.
The data from SBA shows that there were 2,645 applications submitted in Iowa, equaling over $367 million, but only 848 received grants.
Here’s a look at local businesses that received grants and the total amount they received:
Originally Appeared Here