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Starting a Business in Idaho: Finding Funds

by Norris Law Group on September 5, 2014

Starting a Business in Idaho: Finding FundsAny new or existing business needs money. If a business has yet to make enough money to have cash reserves on hand, the business owners or partners may seek funding from multiple sources.

The State of Idaho offers new and continuing businesses a list of available resources from which they can request funding, including:

  • The “basics” of business funding, such as raising or borrowing money or financing property or equipment;
  • An online “Resource Wizard” that helps businesses search for funding sources in their geographic area(s) that meet the needs of the business;
  • How to apply and qualify for loans from banks, lenders, and even the SBA;
  • Sources of grants and other awards;
  • Venture capital firms (companies that invest in other companies); and
  • Lists of Idaho banks and credit unions that are interested in helping large and small businesses.

Securing funds to open a business in Idaho and to continue to run it is an ongoing challenge for any business, regardless of size. If you have developed a good business plan and have a handle on the kinds of local, state, and federal regulations that apply to your business, you may be ready to seek funding. Speak with a skilled Idaho business law attorney to discuss your options and any concerns you may have.

Attorney Graham Norris and his associates at the Norris Law Group serve the residents of Utah County, UT and throughout Utah, Wyoming and Idaho. Contact them today at 801-932-1238 or online for a free consultation.

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