The RDA’s Microloan 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. The maximum loan amount is $25,000. Terms will not exceed 48 months in most cases.
Only applicants located in Bannock, Bingham, Bonneville, Butte, Custer, Jefferson, or Madison counties may apply. The Microloan fund is limited. When there are funds available, applications will be considered. No business will be considered for a second round of financing from this fund.
Please refer to the application for complete details of requirements and restrictions.