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John Pappajohn Center to offer loans for small business start-up

December 22, 2002
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Contact: Katherine A. Cota-Uyar, program manager, John Pappajohn Entrepreneurial Center,
(319) 273-7350
Gwenne Culpepper, University Marketing & Public Relations, (319) 273-2761

CEDAR FALLS, Iowa --Wellmark Blue Cross and Blue Shield has committed $250,000 per year for five years, to the University of Northern Iowa John Pappajohn Entrepreneurial Center (JPEC) to fund loans for the start-up of Iowa businesses.

Venture projects in northeast Iowa will be identified, investigated and recommended by JPEC to Equity Dynamics, a venture capital firm founded by John Pappajohn. Equity Dynamics will review the recommended projects, perform the necessary financial due diligence and, if appropriate, approve funding. Typical funding will be $10,000 to $50,000.

Those with venture projects in northeast Iowa should consult the Dubuque Small Business Development Center at (563) 588-3350 or the UNI Regional Business Center in Waterloo at (319) 236-8123 for information on business plan format and required components.

For more information, visit www.jpec.org; or contact Katherine Cota-Uyar, program manager, at (319) 273-7350 or katherine.cota@uni.edu.