Areas Served: Bannock, Bingham, Bonneville, Butte, Custer, Jefferson, and Madison counties.
The Regional Development Alliance, Inc. is a non-traditional business lender located in eastern Idaho.
Our objective is to directly invest in qualified businesses in order to increase job growth, retain quality jobs, and obtain a good return on investment.
Eligible counties in eastern Idaho include Bannock, Bingham, Bonneville, Butte, Custer, Jefferson, and Madison.
Although Regional Development Alliance typically invests within those seven counties, they will consider opportunities outside of the region where such opportunities will bring significant economic impact to the seven counties referenced above or where there is a substantial return on investment to the RDA.
The RDA prefers to lend to a maximum of $500,000, but will, from time to time, consider larger amounts where such investments will bring substantial economic impact to the region or a significant return on investment to the RDA.
No minimums have been established.
All applicants are required to provide A MINIMUM of 10% down and may be required to provide up to 20%.
All interest rates are tied to Prime and will not be less than Prime.
Rates may be as high as Prime+6 depending on risk and/or the opportunity for return on investment.
Terms will not exceed 10 years, but we will consider amortizing past the 10 year term with a scheduled balloon payment at the end of the maximum 10 year period in order to reduce payment amounts in the early years.
In no case will the 10 year term be extended
Contact InformationRegional Development Alliance
Address: 2300 North Yellowstone
City: Idaho Falls
State: Idaho
Website:
http://www.rdaidaho.org
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