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.
If you have questions regarding the Small Business Loan program, please contact Cory Phelps, Idaho Housing’s vice president of project finance, at firstname.lastname@example.org.