GoSBA’s Top 50 Idaho SBA Lenders in 2024
Introduction to Idaho SBA Loans
Idaho, known for its beautiful landscapes and a thriving economy, has a growing small business community. With a population of over 1.9 million people, Idaho has experienced significant growth in industries like agriculture, technology, tourism, and healthcare. Many entrepreneurs in Idaho are taking advantage of the favorable business environment, and SBA loans are crucial for small business owners who need financing to grow or start their businesses.
In FY 2023, Idaho SBA loan providers funded 2,500 businesses with a total loan volume of $1.2 billion. This funding helps ensure that the small businesses of Idaho can thrive in a competitive market. If you’re looking for the best SBA lenders in Idaho, our rankings below will help you make an informed decision.
Finding the Best Idaho SBA Loans
Securing the best and most affordable SBA loans in Idaho can be challenging, especially with numerous lenders offering different terms. At GoSBA Loans, we simplify this process by comparing all the top SBA lenders in Idaho for you. We help businesses secure financing for everything from purchasing equipment and refinancing high-interest loans to acquiring commercial property or making business improvements. By reading our analysis and clicking “Apply Now,” you can be matched with the top SBA loan providers in Idaho.
Challenges in Accessing SBA Loans in Idaho
Small businesses in Idaho often face challenges in gaining access to affordable financing. Fortunately, many SBA lenders offer competitive interest rates and flexible terms to support Idaho’s business community. Some of the top SBA lenders in Idaho include Idaho Central Credit Union, Zions Bank, Washington Trust Bank, and Mountain America Federal Credit Union. These lenders funded a combined 1,000 businesses, with a total loan volume of $800 million in FY 2023. However, choosing the right lender depends on your business type, industry, and financial needs.
Overview of Idaho SBA Loans in 2024
GoSBA Loans is proud to present the top 50 Idaho SBA lenders for 2024. The SBA loan providers in Idaho funded 2,500 businesses in FY 2023, contributing to a total loan volume of $1.2 billion. This significant funding has enabled many Idaho small businesses to grow, fostering a diverse economic environment that encourages innovation and entrepreneurship across the state.
Analyzing the Top Idaho SBA Lenders by Loan Volume and Loan Units Funded
Idaho Central Credit Union emerges as the leading SBA lender in Idaho by loan volume, funding over $26.9 million across 32 loans. Zions Bank follows closely, funding $13.7 million across 77 loans, making it a leader in terms of loan units funded. Washington Trust Bank and Mountain America Federal Credit Union are also major players, contributing significantly to Idaho’s small business ecosystem. The variety of lenders—ranging from large national banks to local credit unions—provides options for businesses of all sizes looking for SBA financing.
GoSBA’s Official Ranking: Top 50 Idaho SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the top 50 Idaho SBA lenders in 2024:
| Bank Name | Sum of Term in Months | Amount Funded | Loans Funded | Avg Initial Interest Rate |
| Idaho Central CU | $3,823 | $26,998,700 | 32 | 11.50% |
| Zions Bank, A Division of | $9,851 | $13,706,700 | 77 | 10.34% |
| Washington Trust Bank | $2,007 | $9,917,500 | 21 | 10.12% |
| Newtek Bank, National Association | $1,680 | $8,619,000 | 14 | 11.50% |
| Mission Valley Bank | $516 | $7,878,000 | 2 | 9.75% |
| Northwest Bank | $1,020 | $6,290,000 | 7 | 10.57% |
| Mountain America FCU | $1,440 | $5,086,500 | 13 | 12.46% |
| U.S. Bank, National Association | $3,978 | $4,288,700 | 36 | 10.19% |
| Bank of Idaho | $1,608 | $4,280,700 | 16 | 10.70% |
| Live Oak Banking Company | $1,032 | $4,205,000 | 7 | 10.47% |
| New Millennium Bank | $300 | $4,100,000 | 1 | 9.25% |
| Banner Bank | $2,190 | $3,971,700 | 18 | 9.78% |
| First Bank Richmond | $120 | $3,750,000 | 1 | 8.25% |
| First Federal Savings Bank of Twin Falls | $240 | $3,605,000 | 2 | 10.00% |
| Byline Bank | $426 | $3,287,000 | 2 | 11.25% |
| United Community Bank | $249 | $3,255,000 | 2 | 9.50% |
| America First FCU | $1,020 | $2,782,600 | 4 | 7.81% |
| Cache Valley Bank | $374 | $2,708,600 | 4 | 10.00% |
| Glacier Bank | $1,797 | $2,193,000 | 16 | 10.36% |
| The Bank of Commerce | $1,044 | $2,166,000 | 12 | 9.34% |
… [Full list available on GoSBA Loans]
Find the Right SBA Lender in Idaho for Your Business
Whether you’re a startup or an established business, securing the right financing is crucial for your success. The lenders listed above offer a range of SBA loan options tailored to meet the diverse needs of Idaho’s business community. Partnering with GoSBA Loans ensures that your application reaches the lenders most likely to approve your funding, helping you get the financial support you need.
Apply for an SBA Loan Today
Apply today to connect with the best SBA lenders in Idaho and secure the funding your business needs to succeed. The process is simple, and GoSBA Loans will help match you with the right lender based on your specific business requirements.
Apply Now to see which SBA lender is the best match for your business needs.
Why Choose GoSBA Loans?
GoSBA Loans is dedicated to simplifying the SBA loan application process for businesses in Idaho. By partnering with us, you gain access to a network of top lenders that have demonstrated a strong commitment to supporting small businesses. Whether you need competitive interest rates, a streamlined approval process, or flexible loan terms, GoSBA Loans is here to help you find the best SBA lender in Idaho.
Conclusion
Securing an SBA loan can unlock immense growth opportunities for your business. With the right lender, you can access the capital needed to expand operations, hire staff, and innovate. The Idaho SBA lenders listed above have a proven track record of supporting the small business community, making them the best options for entrepreneurs in the state. Let GoSBA Loans assist you in finding the ideal SBA lender in Idaho for your business today.
