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Idaho loan fund set up for "nearly bankable" businesses by Missoula-based Montana & Idaho Community Development Corp. and Boise-based Capital Matrix

Missoula-based Montana & Idaho Community Development Corp. https://mtcdc.org/ and Boise-based Capital Matrix http://www.capitalmatrix.org/ have set up a fund dedicated to loans for Idaho businesses.

Both nonprofits specialize in financing "nearly bankable" business that can’t get bank loans.

Capital Matrix supplied a $150,000 seed fund for Montana & Idaho CDC to establish an Idaho lending fund. Until now, Montana & Idaho CDC has funded Idaho businesses from the same program that covers loans in both states.

By: Teya Vitu

Full Story: http://idahobusinessreview.com/2017/06/09/idaho-loan-fund-set-up-for-nearly-bankable-businesses/

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