Lifelines for Growth: How SBA Loans Are Powering Idaho’s Small Businesses

It’s well known that small businesses are the backbone of Idaho’s economy, creating jobs and anchoring communities from Boise to Bear Lake. We have a diverse range of small businesses, but they often face a common challenge: Acquiring capital they need to grow. Because of pressures from inflation and rising costs, access to affordable financing is mission critical.

That’s why financing from the U.S. Small Business Administration (SBA) is more relevant than ever for small business owners. During a time of economic uncertainty, SBA-backed loans are a powerful resource to help entrepreneurs expand, hire and invest in the future of their small businesses.

What are SBA loans?

For many small businesses, the difference between stagnation and growth often comes down to accessing the right type of capital at the right time. Historically, new businesses have faced challenges obtaining financing because they have minimal collateral and limited operating history. That’s why the SBA offers loan guarantees to help reduce risk for lenders. SBA loans are typically used to buy inventory, boost working capital, make leaseholder improvements, refinance debt or even purchase or improve owner-occupied real estate.
The benefits of SBA loans typically include competitive interest rates, low down payments and extended repayment terms. SBA loans, like conventional loans and many other financing options, are subject to credit and SBA approval — so being creditworthy makes it more likely that your loan will be approved.

Recent 2025 SBA data reveals that nearly 90% of SBA loans are issued through banks and about 54% of SBA loans are less than $150,000. To help expedite the application process, Zions Bank offers a streamlined SBA loan application process for borrowers seeking financing under $150,000. This enables small business owners to quickly access capital and scale their operations; however, if you’re a new client of Zions Bank, be aware that a site visit and three months of bank statements may be required.

How do SBA resources make a difference?

Patrick Nauman, owner of Weiser Classic Candy and a past SBA Idaho Small Business Person of the Year honoree, demonstrates how Idaho businesses have benefited from this funding. He leveraged SBA resources to add additional employees and make upgrades to his technology, equipment and physical plant. His investments positioned Weiser Classic Candy to plan for its future and strengthen the community’s retail sector.

Another client, Steelman Signature Hardware, used an SBA line of credit to more than triple its number of active projects. When the company was started around four years ago, its scope of work was limited and focused on selling locks for homes and offices. But through the capital it obtained, the company steadily expanded its product offerings and now serves clients across the Pacific Northwest.

Navigating SBA lending with an SBA-preferred lender

To evaluate if SBA lending is the right fit, it’s helpful to work with an SBA-preferred lender, a designation awarded to lenders who demonstrate their ability to effectively serve small businesses. SBA preferred lenders like Zions Bank can expedite loan decisions because they have delegated authority to approve and service most SBA loans directly.

Engaging with a banker can help you explore financing options and adapt to rising challenges.

Katie von Brethorst is the Weiser branch manager for Zions Bank and can be contacted at
[email protected] or 208-549-0049.