Loan Programs

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Loan Product Maximum Benefit
(ORR)
Express
(ORR)

Trade Sector
(ORR)

Acquiring Credit
(ORR)
Community Loan
Geographic Boundaries State of Idaho State of Idaho State of Idaho State of Idaho Ada and Canyon
County
Eligibility
Status
Refugee or 
Asylee
Refugee or 
Asylee
Refugee or 
Asylee
Refugee or 
Asylee
Women, immigrants,
minorities. and others 
Loan Amount  $5,000 to $15,000
 $1,000 to $5,000
 $1,000 to $3,000
 up to $1,000
 $500 to $2,000
Interest Rate Fixed rate,
4 pts. above prime
for first-time borrowers
Fixed rate,
4 pts. above prime
for first-time borrowers
Fixed rate,
4 pts. above prime
for first-time borrowers
Fixed rate,
4 pts. above prime
for first-time borrowers
Fixed rate, between
4 to 6 pts. above prime
for first-time borrowers
Loan Term
Up to 36 months Up to 30 months
Up to 24 months
Up to 12 months
From 6 to 18 months
Collateral Business and
Personal Assets
Business and
Personal Assets
Business and
Personal Assets
None required Business and
Personal Assets
Used to Finance Equipment, inventory,
leasehold improvements,
working capital
Equipment, inventory,
leasehold improvements,
working capital
Equipment, inventory,
leasehold improvements,
working capital
Equipment, inventory,
leasehold improvements,
working capital
Equipment, inventory,
leasehold improvements,
working capital

 

  
Maximum Benefit Loan

Greater than $5,000, Up to $15,000

 

  • Up to 36-month term
  • Comprehensive pre-loan financial TA includes developing monthly operating budget, gross margins, sales forecast, balance sheet, projected income and cash flow statements, and a break-even analysis
  • Complete business plan narrative development
  • Free credit report
  • Decisions within five working days after committee meets to review final loan package
  • $200 loan closing fees
  • Loan to collateral ratio: 1:1
  • 10 hours free pre-loan financial and marketing consulting
  • 3 hours per year free business consulting during the loan term
  
Express Loan

Greater than $1,000, up to $5,000

  • Up to 30-month term
  • Cash flow and one-page business plan
  • Free credit report 
  • Decisions made by META staff within three working days
  • $125 loan closing fees
  • Loan to collateral ratio: 1:1
  • Free initial two-hour consulting visit
  • 2 hours per year free business consulting during the loan term
  • Upon full and timely repayment, you are eligible for a repeat loan—minimal paperwork required.
  
Trade Sector Loan

Greater than $1,000, up to $3,000

  • Arts & crafts, childcare, contractor, landscaping and lawn maintenance, vehicle-related, or other non-retail service sector occupations
  • Up to 24-month term
  • Cash flow and one-page business plan
  • Free credit report
  • Decisions made by META staff within three working days
  • $100 loan closing fees
  • Loan to collateral ratio: 1:1
  • Free initial two-hour consulting visit
  • Upon full and timely repayment, you are eligible for a repeat loan—minimal paperwork required.
  
Acquiring Credit Loan

Up to $1,000

  • “First Step” loan
    • $500 with up to a 6-month term
    • No collateral, credit report, cash flow, or other financial statements required
    • Decision made by any authorized META team member, same-day loan request decision
  • “Second Step” loan
    • $1,000 with up to a 12-month term
    • Same policies as above
    • These two loans may assist you in enhancing your credit before moving on to more advanced loans above.
    • $50 loan closing fees
  
Community Loan

Greater than $500 up to $2,000

  • From six-  to an 18-month term based on amount of loan 
  • Cash flow and one-page business plan
  • Free credit report if needed
  • Decisions made by META staff within three working days
  • From $50 to $100 loan closing fees based on amount of loan
  • Loan to collateral ratio: 1:1
  • Free initial two-hour consulting visit
  • Upon full and timely repayment, you are eligible for a repeat loan - minimal paperwork required.