Funding for companies that benefit the INL
The Bonneville County Fund is designed to finance companies that significantly benefit the Idaho National Laboratory (INL) or its current or former employees.
Companies applying must be located in Bonneville County. Eligible companies must meet one or more of the following characteristics:
- Owned by a former or current employee of the Idaho National Laboratory.
- Provides substantial services to the Idaho National Laboratory.
- Employs former employees of the Idaho National Laboratory.
Loans may be made up to $250,000 but must be at least $1,000. Terms are typically three to ten years depending on use. Rates follow risk and are typically 1–3% above Prime. Loan funds may be used for fixed assets including land and buildings, construction, renovation, and working capital. Loan funds may not be used to refinance existing debt. The Bonnevile County Fund is not designed to compete with banks. As such, a turndown letter from a bank MUST be submitted with your application.
Other requirements and restrictions may apply.