Revolving Loan Program
for Southeast Idaho

The objective of the Revolving Loan Fund (RLF) is to create and retain jobs, to secure capital formation and to help business and industry in activities that promote economic health. These funds are available in conjunction with bank financing to for-profit small businesses in the seven counties serviced by SICOG—Bannock, Bear Lake, Bingham, Caribou, Franklin, Oneida, and Power Counties.

SICOG’s Revolving Loan Fund (RLF) has been capitalized from local contributions and federal funds from the U.S. Department of Commerce, Economic Development Administration (EDA) and U.S. Department of Agriculture Intermediary Relending Program (USDA IRP).

SICOG does not discriminate against any person on the basis of race, color, national origin, disability, or creed in the admission, treatment or participation of its programs, services, activities, or employment.

How We Can Help

We have a loan program that can assist small business with loans ranging in size from $250,000 to a micro loan of up to $10,000.

Quick Facts

Loan Amount Available

Business Loans Up to $250,000

Interest Rate

We match the rates and terms of the private lending industry (+/-) 2.5% Loan Origination Fee


3-20 Years

Eligible Use of Funds

Funds can be used to purchase real estate, equipment and/or inventory and to acquire working capital.

Micro-Loan Amount Available

Loans up to $10,000

Are You Eligible?

The process begins with the borrower having a clear plan. We can finance business expansion with a loan for working capital, equipment purchase, real estate or inventory. We also finance start-ups. A commercial lender is often a partner in the loan.

You will need a solid business plan that includes a detailed list of sources and uses of the loan dollars and marketing strategy. There is a loan application process that requires business and personal financial information and three year projections. We require at least a 10% equity participation, collateral equal to one dollar collateral for one dollar of loan. Our loan board reviews the loan applications and makes a determination at that meeting.

We do not finance existing debt.

Contact our offices @208-233-4535 to discuss your needs or download our application here:

Helpful Links

Idaho Department of Commerce: Building Your Business– commerce.idaho.gov/business
Idaho Small Business Development Center— www.idahosbdc.org