Small Business Loan Programs

Funding for the Program is provided by the U.S. Department of Treasury under the State Small Business Credit Initiative (SSBCI), authorized under the Small Business Jobs Act of 2010. Idaho Housing was approved as administrator for Idaho’s $13.2 million allocation on August 15, 2011.

The Program is a collaborative partnership between the U.S. Department of Treasury, Idaho Department of Commerce, Idaho Housing, and the Idaho Bankers Association that launched in November 2011. Small businesses statewide who are interested in this Program will need to work through their local banking and lending institutions to qualify.

In summary, 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.

If you have questions regarding the Small Business Loan program, please contact Cory Phelps, economic development finance officer by phone at 208-331-4725 or by email at