BUSINESS DEVELOPMENT
BACK TO SERVICES

Local Program Partners: 

Federal Partners and Programs

  • US Department of Commerce EDA Revolving Loan Fund
  • USDA Rural Development Intermediary Relending Program
  • USDA Rural Development Rural Business Enterprise Grant Program
  • USDA Rural Micro-entrepreneur Assistance Program

Neither CEDA membership dues nor contributions are used to support the operations of the Small Business Finance Program. The cost of operation and administration of CEDA’s lending programs is self-sustaining.

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.

© 2020 Clearwater Economic Development Association – All rights reserved

CEDA is looking for a new Executive Director

Application deadline: June 15th, 2021

Click here to find out more.