Jumpstart Your Idea
RDA’s Microloan Program is designed to assist entrepreneurs who have identified a new business opportunity and who would like to capitalize on the idea right away. This category of loan is also ideal for new start up businesses. A Microloan from the RDA is not intended to be long-term financing.
We’ve designed our Microloan with the explicit intent of increased speed to market for growing companies. Faster loan approvals, and simplified terms help keep the process nimble and responsive.
Businesses are limited to one round of financing from this fund. Only applicants located in Bannock, Bingham, Bonneville, Butte, Custer, Jefferson, or Madison counties may apply.
The maximum loan amount is $50,000 and terms will be established based on the size of the amount borrowed.