It’s no secret that a successful small business involves a lot of hard work, as well as strong financial backing. When people think of Idaho Housing and Finance, they might not realize that we play a role in making sure small businesses across the state have access to the capital they need. Our Collateral Support Program uses cash deposits to help small businesses enhance their collateral and qualify for loans that would otherwise be non-bankable.
One business that has taken advantage of the program is Pocatello Sod. The family-owned business has thousands of customers spread out across Southeast Idaho, Western Wyoming and Northern Utah. As business grew, they needed to expand their operation. See how they were able to get the equipment they needed, with the help of Citizens Community Bank and the Collateral Support Program.