|
Program & Service |
Eligibility & Features |
Contact |
|
IRP
Revolving Loan Fund (RLF)
Loans for expansion or start-up businesses.
Maximum Loan Amount $150,000 |
Located in a
rural area of 25,000 population
or less (outside
Lewiston
City Limits) The
Project must create or retain jobs.
Both the IRP and EDA RLF's offer flexible
terms to help meet cash flow needs. Rates
are at or below market. Both can be used
in combination with other programs and in
some cases each other. |
John
Lane
Clearwater Economic Development Association
(CEDA)
(208) 746-0015 |
EDA Revolving Loan Fund
Loans for expansion or start-up businesses.
Maximum Loan Amount $100,000 |
Located in North Central Idaho. The project must make or retain
jobs.
CEDA
with subordinate to conventional bank loans. |
John Lane
(CEDA)
(208) 746-0015 |
SEED Joint
Development Loan Fund
Loans for expansion or start-up businesses.
Maximum Loan Amount $50,000 |
Located in 4 southwest
counties of Washington or 5 counties in North Central Idaho.
Available to borrowers unable to obtain conventional bank
loans. |
John
Lane
(CEDA)
(208) 746-0015 |
SEED Micro Loans
Loans to startup businesses.
Maximum $5,000 |
Located in 4 southwest counties of Washington or 5 counties in
north central Idaho.
Technical assistance included. Available when conventional
financing is unavailable. |
John Lane
(CEDA)
(208) 746-0015 |
USDA Business
and Industry
Guarantee Program
Guaranteed loans usually in excess of $750,000.
Maximum guarantee $10 Million |
Business must operate
in a community of less than 50,000 population. 10% to 20%
balance sheet equity required.
Rates, terms and servicing requirements set by local lender
within program guidelines. |
Kurt
Flinn,
USDA
Rural Development
(208) 765-2086 Or a local participating bank. |
SBA Guaranteed Loans
(7a Program)
Loan Guarantees up to $750,000 to finance working
capital and fixed assets. |
Loans
to new and expanding small businesses.
Rates, terms and servicing requirements set by local lender
within program guidelines. |
Most area banks offering commercial loans |
SBA 504 Program
Long-term fixed assets financing with maximum SBA share
$750,000 or 40% of total cost. Some exceptions. |
Must meet SBA
classification of a Small Business (500 or less employees).
Loans limited to fixed assets. |
Debbie Bugosh
Valley Vision
(208) 799-9083
|
