Other Programs/Financial Assistance
Idaho Global Entrepreneurial Mission (IGEM)
TheIdaho Global Entrepreneurial Mission grant program
funds commercialization research where university researchers and business experts partner together to bring viable technologies to market.
State Trade Expansion Program
The Idaho State Trade Expansion (STEP) Program is a grant that makes funds available to qualifying Idaho companies for international marketing campaigns to export their products.
Community Development Block Grants
The Community Development Block Grant program enhances local infrastructure to create a better business environment for existing and potential businesses. Eligible entities include counties, cities with populations under 50,000, and service providers such as water and sewer districts and senior centers.
Capital Matrix is a private, non-profit corporation licensed and regulated by the U.S. Small Business Administration to administer the SBA 504 loan program.
Collateral Support Program
Idaho Housing and Finance Association is the administrator of the Collateral Support Program. Small businesses statewide who are interested in this program will work with their local banking and lending institution to qualify. The program places pledged cash deposits with lending institutions to enhance the collateral of qualified small business borrowers who would not otherwise be able to obtain financing. The deposits are available to cover loan losses, in the event of a default, or are returned to be recycled for the benefit of another qualified borrower.
Small Business Administration Loans (504 Loans)
Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.
Find an investor for your business through a Small Business Investment Company (SBIC) licensed by the Small Business Administration (SBA).
The Small Business Innovation Research (SBIR)
The program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.
Small Business Technology Transfer (STTR)
The program expands funding opportunities in the federal innovation research and development (R&D) arena.
Federal and State Technology Partnership (FAST) Program
This is a competitive grants program designed to strengthen the technological competitiveness of small businesses
MoFi Business Loans
They provide business loans that range from $1,000 to $2,000,000, and are flexible around collateral and equity. Loans may be used for a variety of business needs, including startups. Borrowers also receive free, one-on-one consulting services throughout the life of the loan to help build money, marketing, and management skills. These services can include free bookkeeping, employee management assistance, marketing grants, PR support, and business management consulting. For more information about MoFi business lending, please call Betsy Beauvais at 1-844-728-9234 or by email at firstname.lastname@example.org.
New Market Tax Credits (NMTC)
The New Markets Tax Credit program provides capital for businesses, developers, and non-profits to help make their projects a reality. A qualifying project can receive 18–23% of the financing it needs in the form of a very low interest loan that, ultimately, can be forgiven and would not have to be repaid.
Federal Historic Tax Credits
An important federal program for encouraging private investment in historic buildings involves the tax incentives available for some owners and developers. For certain qualifying projects, the owner may claim 20% of their rehabilitation project costs as investment tax credits that can be applied to their federal income tax. Click Here for the Historic Tax Credit Handout.