Local Program Partners: 

The goal of CEDA’s Small Business Finance Program is to promote economic diversification of the five‐county region in north-central Idaho and a four‐county region of southeast Washington.

CEDA offers a variety of financing options to small businesses located in north-central Idaho and is authorized under the USDA-IRP program to lend to small businesses located in southeast Washington.  Viable business development projects that do not qualify for conventional financing but will result in the creation or retention of employment opportunities, including self-employment, in the Idaho counties of Clearwater, Idaho, Latah, Lewis, and Nez Perce; and in the Washington counties of Asotin, Columbia, Garfield, and Whitman may be eligible.

Eligible use of funds include land, buildings, equipment, and/or inventory involved in the start-up, expansion, or retention of viable business development projects that diversify or compliment the local and regional economy.        

Loan amounts range from $5,000 to $250,000.  The maximum CEDA can lend may be limited by the geographic location of the business activity, the number and types of jobs impacted, and the amount of project financing and/or investment from other sources than CEDA.

CEDA provides direct technical assistance to existing and potential small business owners and managers to help with start-up, expansion, or retention of small businesses.  Specific assistance may include business planning; guidance through the loan application process; help with deal structuring; and/or ongoing follow-up and counseling after the loan.

The public/private partnership that comprises CEDA provides for a variety of financing options to small businesses located in North Central Idaho and Southeast Washington.