Other Programs/Financial Assistance
Idaho Global Entrepreneurial Mission (IGEM)
The Idaho 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. To download the brochure, click here.
Small Business Administration Loans (504 Loans)
Program for Investors in Microentrepreneurs (PRIME)
This grant will provide funding for private, nonprofit microenterprise development organizations; microenterprise development programs run by State/Local/Tribal Governments; or Indian tribes interested in providing assistance and guidance to disadvantaged microentrepreneurs and/or microenterprise development organizations. Learn how to apply.
Service-Disabled Veteran Entrepreneurship Training Program (SDVETP)
This Cooperative Agreement aims to support organizations that currently deliver entrepreneurship training programs to service-disabled veteran entrepreneurs who aspire to be small business owners or currently own a small business. Learn how to apply.
Small Business Innovative Research (SBIR)
The Small Business Innovation Research (SBIR) 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. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
Small Business Technology Transfer (STTR)
The Small Business Technology Transfer (STTR) is another program that expands funding opportunities in the federal innovation research and development (R&D) arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small businesses and nonprofit research institutions. The unique feature of the STTR program is the requirement for the small business to formally collaborate with a research institution in Phase I and Phase II. STTR's most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations.
The Federal and State Technology (FAST) Partnering Program
The Federal and State Technology (FAST) Partnership Program provides one-year funding to organizations to execute state/regional programs that increase the number of SBIR/STTR proposals leading to an increase in the number of SBIR/STTR awards.
MoFi Business Loans
MoFi helps individuals, businesses, and nonprofits with financing and consulting services that strengthen communities and transform lives.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. MoFi also offers New Market Tax Credit (NMTC) loans and Community Facilities Loans. 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.
Low Income Housing Tax Credits (LIHTC)
The Low-Income Housing Tax Credit, established under the 1986 Tax Reform Act, provides an incentive to developers for affordable rental housing. The credit provides a dollar-for-dollar federal tax liability reduction for owners of newly constructed or substantially rehabilitated rental housing. Section 42 of the Internal Revenue Code and related regulations govern the Housing Tax Credit and establish compliance requirements, including qualified tenants income levels and maximum program rental rates. For more information, click here.