At a glance
From its website, read 2 Nov 2026Iowa Community Capital is a loan fund based in Boone, Iowa. Its website describes equity investment, microloans and small-business loans. Stated loan amounts run from $500 to $50,000. Where it lends: Iowa, with lending to low- and moderate-income individuals.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (515) 212-0182 source |
|---|---|
| info@iowacommunitycapital.org source | |
| Website | iowacommunitycapital.org |
| Office (official list) | 915 8th Street, Suite 205, Boone, IA 50036 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Who qualifies, in their words
- Income limit applies
Loans ranging from $500 to $15,000 are for small business entrepreneurs who are low-income eligible (below 80% of median household income).
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 9 Nov 2016 |
| RSSD ID | — (none listed) |
| Address | 915 8th Street, Suite 205, Boone, IA 50036 Directions (Google Maps) |
| Website | iowacommunitycapital.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Credit Builder and Small Dollar loans are marked CURRENTLY UNAVAILABLE and were excluded. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Equity / venture investment | — | Convertible debt and equity-like products for emerging small businesses with agri-food tech, clean energy, and decarbonization innovations | source |
| Microloans | up to $50,000 | Iowa MicroLoan provides a source of capital for microentrepreneurs who are seeking a direct loan of up to $50,000 or a co-financing arrangement of up to $150,000. | source |
| Small-business loans | $500 – $15,000 | Loans ranging from $500 to $15,000 are for small business entrepreneurs who are low-income eligible (below 80% of median household income). | source |
Loan sizes
Iowa MicroLoan provides a source of capital for microentrepreneurs who are seeking a direct loan of up to $50,000 or a co-financing arrangement of up to $150,000.
sourceLoans ranging from $500 to $15,000 are for small business entrepreneurs who are low-income eligible (below 80% of median household income).
source
Range used for the size filter: $500 to $50,000
Service area
Iowa, with lending to low- and moderate-income individuals
We aim to strengthen the social and economic well-being of individuals and communities through financial services and coaching including by providing loans to low- and moderate-income individuals in Iowa.
source
Borrower focus
- Low- and moderate-income / underserved
Loans ranging from $500 to $15,000 are for small business entrepreneurs who are low-income eligible (below 80% of median household income).
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://www.iowacommunitycapital.org/
- https://www.iowacommunitycapital.org/about-us/community-partners/iowa-microloan
- https://www.iowacommunitycapital.org/contact-us
- https://www.iowacommunitycapital.org/our-programs
- https://www.iowacommunitycapital.org/about-us/icc-staff-and-board/kalyn-cody-micro
- https://www.iowacommunitycapital.org/about-us
- https://www.iowacommunitycapital.org/about-us/icc-board
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$2.3 million in 7 awards from the U.S. Treasury's CDFI Fund, 2000–2022 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2021 | CDFI Rapid Response Program | $1,134,000 |
| 2021 | Small Dollar Loan Program | $205,000 |
| 2019 | CDFI Program, Financial Assistance | $139,000 |
| 2017 | CDFI Program, Technical Assistance | $80,580 |
| 2015 | CDFI Program, Technical Assistance | $124,921 |
| 2000 | CDFI Program, Technical Assistance | $80,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2023| Total assets | $2.4M |
|---|---|
| Total liabilities | $29,330 |
| Net assets | $2.4M |
| Total revenue | $500,434 |
| Program-related investments (Part X line 13) | $1.5M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2023 (tax year 2022; EIN 42-1502371, filed as “IOWA COMMUNITY CAPITAL”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2023). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue |
|---|---|---|---|
| Jun 2022 (990) | $2.5M | $2.5M | $1.8M |
| Jun 2023 (990) | $2.4M | $2.4M | $500,434 |
Total assets fell 3% from Jun 2022 to Jun 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $50,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 7% of these 184. |
| Total assets, latest IRS Form 990 | $2.4M | Larger than 12% of the 449 other certified loan funds and venture funds nationwide with a matched Form 990 (median $15.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 7% |
| Form 990 total assets | certified loan and venture funds with a Form 990, nationwide | 449 | larger than 12% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Boone and Iowa
- Affinity Credit UnionCredit union · Des Moines, IAAuto / vehicle loans, Credit-builder loans, Home repair / improvement loans, Home mortgages…Verified
- Casebine Community Credit UnionCredit union · Burlington, IAAuto / vehicle loans, Small-dollar / emergency loans, Home mortgages, Personal / consumer loansVerified
- Community 1st Credit UnionCredit union · Ottumwa, IAAgriculture / farm loans, Auto / vehicle loans, Home mortgages, Small-business loansVerified
- Neighborhood Finance CorporationLoan fund · Des Moines, IAHome repair / improvement loans, Affordable housing development loans, Home mortgagesVerified
- Habitat for Humanity of Iowa, Inc.Loan fund · Altoona, IAOfficial list only
- Iowa Center Loan FundLoan fund · Des Moines, IAOfficial list only
Work at Iowa Community Capital? Link to this page
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.