The Development Company
299 E. 4th N.
Rexburg, ID 83440
Ph: (208) 356-4525
Fax: (208) 356-4544

      All RLF Loans have a term no to exceed the blended term of the collateral  for the loan.  Working Capital, Inventory and Receivables have a maximum term of 5 years. Machinery and Equipment, Furnishings and Fixtures have a maximum term of 10 years.  Real Estate has a maximum term of 20 years. Loans that have a combination of these will be blended to provide the maximum term.

      Interest rates are set to provide a benefit to the small business, but not as a means of competition to the private sector.  Therefore, if a small business can obtain suitable financing through the private sector, without the help of these programs, then that is what must be done.  The following table is the interest rates for all RLF programs, and is based on the number of jobs created for the dollars lent out:

      

Number of Jobs / Loan Amount For-profit Non-profit 0 - 10,000 6.00 5.00 10,001 - 20,000 6.50 5.50 20,001 + 7.00 6.00

       For the new Microloan RLF Fund, interest rates are set at 1-2% above those in the table above.