Regional Investment Fund
The Regional Investment Fund is designed to finance companies that are expanding in a seven county area in Eastern Idaho. There are no minimum or maximum investment amounts. Rates follow risk, will never be less than Prime and are typically several points higher than Prime. Terms are dependent on the use of funds but typically extend from three to seven years. Applicants are expected to contribute 10% - 20% of the total deal.
This fund serves both small and large businesses. The funds may be used to fund operating capital, real property, equipment, inventory, start-up costs, or other appropriate costs. The funds may be used to finance retail operations in limited rural areas of the region. Please see the Regional Investment Fund application or below for further information on Rural Retail Loans.
Bonneville County Fund
The Bonneville County Fund is designed to finance companies meeting one or more of the following characteristics:
- Owned by a former or current employee of the Idaho National Laboratory (INL)
- Providing substantial services to the Idaho National Laboratory (INL)
- Employing former employees of the Idaho National Laboratory (INL)
Companies applying must be located in Bonneville County, and funds must be used to finance the Bonneville County operation. Minimum loans are $1,000 and maximum loans are $250,000. Rates follow risk and are typically 1% - 3% above Prime. Terms are typically three (3) to ten (10) years depending on use.
Micro Loan Program
The RDA's Micro Loan Program is designed to assist entrepreneurs who need a small loan to get their business idea started. It is NOT intended to be a long-term loan, or to provide assistance beyond the very initial start-up phase. Minimum loan amounts are $1,000. Maximum loan amounts are $25,000. Rates are Prime + 1 - 3. Terms will not exceed 48 months in most cases. No business will be considered for a second round of financing from this fund. Other funds are available throughout the region for additional growth.
The Micro Loan fund is limited. When there are funds available, applications will be considered. Please contact Connie Chadwick at 208-528-9400 ext. 235 to inquire as to funds availability.
Rural Retail Loans
The RDA's Rural Retail Loans program is designed to benefit rural communities that normally don't have a broad range of opportunities for economic development. Retail loans are limited to the following towns: 1.Downey (Bannock County) 2.Lava Hot Springs (Bannock County) 3.Aberdeen (Bingham County) 4.Arco (Butte County) 5.Challis (Custer County) 6.Mackay (Custer County) 7.Stanley (Custer County) 8.Mud Lake/Terreton (Jefferson County).
We will not fund one retail business that will directly cause another to fail and the proposed business must be a benefit to the community.
For Rural Retail Loans, please use the Regional Investment Fund application.