Southeast Idaho Council of Governments
Revolving Loan Program for Southeast Idaho
The objective of the Revolving Loan Fund (RLF) is to create and retain jobs, to secure capital formation and to help business and industry in activities that promote economic health. These funds are available in conjunction with bank financing to for-profit small businesses in the seven counties serviced by SICOG—Bannock, Bear Lake, Bingham, Caribou, Franklin, Oneida, and Power Counties.
SICOG’s Revolving Loan Fund (RLF) has been capitalized from local contributions and federal funds from the U.S. Department of Commerce, Economic Development Administration (EDA) and U.S. Department of Agriculture Intermediary Relending Program (USDA IRP).
SICOG does not discriminate against any person on the basis of race, color, national origin, disability, or creed in the admission, treatment or participation of its programs, services, activities, or employment.
How We Can Help
We have a loan program that can assist small business with loans ranging in size from $250,000 to a micro loan of up to $10,000.
Quick Facts
Loan Amount Available
Business Loans Up to $250,000
Interest Rate
We match the rates and terms of the private lending industry (+/-) 2.5% Loan Origination Fee
Terms
3-20 Years
Eligible Use of Funds
Funds can be used to purchase real estate, equipment and/or inventory and to acquire working capital.
Micro-Loan Amount Available
Loans up to $10,000
The Southeast Idaho Council of Governments (SICOG) exists to connect the residents and communities of Southeast Idaho to public services and useful resources.
Community & Economic Development
for Southeast Idaho
SICOG’s Community and Economic Development Department has a qualified team of professionals to help meet the broadening needs of our Southeast Idaho communities.
Our focus is to offer cost-effective solutions to area-wide problems; provide a forum for locale policy development; assist in community planning, program management and business assistance; and to serve as a coordinating link between the city, county, state, federal, and other area-wide agencies to help make sure the community is adequately represented and protected.
SICOG does not discriminate against any person on the basis of race, color, national origin, disability, or creed in the admission, treatment or participation of its programs, services, activities, or employment.
**COVID-19 Business Resources and Information: https://commerce.idaho.gov/covid-19/
Contact us at 208-233-4535
to discuss your needs.
How We Can Help
Upgrading a failing water system or redeveloping a blighted area of town is a huge undertaking, and most small communities do not have the expertise nor the resources to take it on alone. SICOG’s Community and Economic Development team has the savvy and the experience to handle the planning, coordination and administration of the public works and redevelopment projects that are so critical to thriving communities. We can also help source the funding, working closely with communities to pull together project financing via grants, loans, and bonds and other financing tools.
How We’ve Helped Communities.
It may help to understand the extent of the ways we can help communities by reading case studies on projects we have helped communities implement and complete. You’ll find them on our Projects and Services page.
CEDS.
The Comprehensive Economic Development Strategy (CEDS) is a growth plan and a road map to diversify and strengthen regional economies. This strategy is intended to insure the prosperity, progress and productivity of Southeast Idaho by creating thriving economies, sustainable communities and by connecting people. Learn more…
Public Transportation.
“Public transportation plays a vital role in the success of a regional economy. Whether it is transporting employees to and from work, relieving congestion on crowded roads, or providing a cost effective alternative to land use issues, public transportation will continue to play a role in helping Idaho’s economy grow and succeed.” —Idaho Transportation Department
SICOG has established relationships with the Idaho Transportation Department, Bannock Transportation Planning Organization and public transportation providers like Pocatello Regional Transit in delivering various strategic initiatives. SICOG’s diverse portfolio of transportation projects include creating and implementing communication plans that increase awareness, support, and usage of public transportation options; mobility management strategies that offer training to residents of our communities; and the planning and coordination of resources to enhance the delivery of transportation services in Idaho. For more information on this program please call 208-233-4535 x 9.
More.
We’ve collected some helpful links and a list of Frequently Asked Questions about our Community Economic Development Services.
© Copyright 2024. All Rights Reserved by SICOG
Quicklinks
Area V Agency on Aging (Southeast Idaho)
E-mail: mike.hirschi@sicog.org
Phone: 208-233-4032 / 800-526-8129
Community & Economic Development
E-mail: krystal.denney@sicog.org
Phone: 208-233-4535
Revolving Loan Fund
E-mail: jake.osweiler@sicog.org
Phone: 208-233-4535
HOURS
Monday – Friday 8:00 a.m. – 5:00 p.m.
Contact Us
214 E Center Street Suite 10
Pocatello, ID 83201
Fax: 208-233-5232
Krystal Denney <krystal.denney@sicog.org>
Apr 3, 2024, 11:23 AM
to me
Here’s the statute we discussed
https://legislature.idaho.gov/statutesrules/idstat/Title39/T39CH41/SECT39-4111/
Krystal Denney, MPA
Director of Operations
Southeast Idaho Council of Governments
214 East Center Street
Pocatello, ID 83205-6079
Office: (208) 233-4535 x1004 (new)
Call text: (208)339-2962
To learn more about SICOG click here
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