Areas Served: Towns of Downey, Lava Hot Springs, Aberdeen, Arco, Challis, Mackay, Stanley, and Mud Lake/Terreton.
The RDA’s Rural Retail Loans program is designed to benefit rural communities that normally don’t have a broad range of opportunities for economic development.
Retail loans are limited to the following towns: 1.Downey (Bannock County) 2.Lava Hot Springs (Bannock County) 3.Aberdeen (Bingham County) 4.Arco (Butte County) 5.Challis (Custer County) 6.Mackay (Custer County) 7.Stanley (Custer County) 8.Mud Lake/Terreton (Jefferson County).
Minimum loan amounts are $1,000. Maximum loan amounts are $25,000. Rates are Prime +1 – 3. Terms will not exceed 48 months in most cases.
Contact InformationRegional Development Alliance
Address: 2300 North Yellowstone
City: Idaho Falls
State: Idaho
Website:
http://www.rdaidaho.org
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