Commercial Lending Advances

Promote economic development in your community.

Application & Forms

A Commercial Lending Advance under the Community Investment Advance (CIA) program provides a member a lower-cost, long term advance for loans that promote qualifying economic development projects.

Commercial, industrial, manufacturing, social service, public facilities projects and activities, and public and private infrastructure projects, such as roads, utilities and sewers are eligible. Please contact the Community Investment Department at 515.421.2400 for assistance in a request for funds.


  • Promotes community economic development
  • Supports small businesses and farms
  • Helps businesses retain and create jobs in the community
  • Reduces interest rate risk of long term advances
  • Fixed rate advances from one year to 20 years
  • Priced below corresponding regular advance rates
  • Minimum borrowing amount $25,000

What loans may qualify?

Eligible projects include commercial loans in targeted areas, loans to small business and loans to businesses and projects that support targeted incomes. Eligible loans would include direct loans, purchase of a participation interest in a loan or purchase of municipal bonds where the project financed by the bond is a CIA eligible project. Loans may be new originations or refinance of existing loans. Target areas include:

  • Target income area  (115 percent Area Median Income in rural areas or 100 percent Area Median Income in urban areas)
  • Native American area
  • Federal Empowerment Zone
  • Federal Champion Community
  • Federal Enterprise Community
  • Military base closing area
  • Brownfield tax credit area
  • Community adjustment and investment (CAIP) area

All loans used to qualify for CIA must be originated within three months prior to the date of an advance, or a member may take on an advance based on loans to be closed. If the latter, a member must originate qualifying loans within 12 months of the date of the advance. 

What are information requirements?

At the time of the advance, or at the end of 12 months as applicable, the member must provide the Bank information to qualify loans for the advance. Information collected to qualify a commercial loan for CIA includes:

  • Borrower name
  • Project location
  • Loan closed date
  • Loan amount
  • Number of jobs created or retained
  • For small business loans, business NAICS number and documentation that the business meets SBA size limitations
  • For loans qualified by wages, documentation of actual wages

How is a request for funds made?

A member must submit a Commercial Lending Advance Request for Funds form to the Community Investment Department with each advance request. The form must be complete and information certified by the signature of a staff person of the member authorized to request advances. Provide at least 24 hours for the processing of a request.  

Important: The standard requirements of FHLB Des Moines credit and collateral policies apply. In addition, an approved Request for Funds is not a reservation of funds. Applications are funded on a “first-come, first-served” basis subject to the availability of funds. A Request for Funds does not provide a rate-lock or reservation of an advance rate. Rates are determined at the time of the advance.