The objective of the Revolving Loan Fund (RLF) program is to provide small businesses with the financing in rural communities that cannot be found through other traditional lending sources. This financing will help to provide long-term economic growth through job creation and retention, which in turn will help to alleviate long-term unemployment problems in affected areas.
In this video our Senior Closing and Servicing Specialist walks you through how Altura can help your small business.
Eligible loans range from $5,000 up to $250,000. In most cases, we partner with a bank that typically provides 50% of the financing. The borrower contributes between 10-20% and Altura funds the remaining percentage.
Current RLF Interest Rates 5-6.5%
Interest rates are determined by considering several factors including: type of financing, loan duration and financial strength of the business
hear from a business altura assisted
New West Knifeworks
“Altura is set up to help small businesses succeed”
Available Funds and Eligible Areas
USDA IRP RLF
Businesses Altura has helped finance
Jory Inama Insurance
Stoney Court Playcare
RCIM Properties LLC
“The EDA grant to Altura will help provide resources to assist in the growth of small businesses in east Idaho.”
Senator Mike Crapo
“We have loved working with Altura Business Finance over the past 13 years! It’s been great working with a company who understands small businesses, and who is willing to work with us and be flexible as needed in regards to our loan.”
“Altura is hands down the best people we have ever worked with. We say people because we think of them as people and friends, not a big business or corporation. They have our backs and want us to succeed. When we started with them, we were a new small business, and started renting 1 small office room in their building. From there we grew and started renting 2 and then 3 offices. When it was time to start thinking about building and owning our own office space, Altura was the first company we turned to. They supported us through the whole process and made every step easy and doable. From top to bottom Altura Business Finance has been there for us and we are so grateful for them. We highly recommend them to everyone.”
Sean and Spring McDonald
BLUE SEAL ENERGY & JUMP START SPORTS ACADEMY
We turned to Altura to help us fund our dream. The process was smooth, and the customer service was fantastic! We definitely couldn’t have made it all happen without their assistance.
jl & lisa parker
KIMBAL OIL & GAS
“Our locally owned family business is so thankful for the startup help that we got from Altura Business Finance. It was a great kickstart to our new business. Generations of our family and employees will benefit from the terms. The customer service is excellent. We look forward to a lifetime of a business relationship with them.”
DARREN AND AMY RAE RHOADES
THE YARD BUTLER
“Thanks to Altura Business Finance my dreams of creating a successful veterinary practice came true. They talked to me on a personal level about my plans for financial success. I felt like everyone I dealt with at Altura had an open and honest conversation with me about the potential I saw in purchasing and improving my veterinary practice. I saw the practice’s potential and was only able to make it a reality with their financial support. It was so much better and different than the typical lender experience and when no lenders would listen to my business plan Altura did listen and believed in my ability to succeed. I would not be the owner of a thriving veterinary practice today that supports my employees and community if it had not been for the support of Altura.”