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At least $1.15 billion in loans handed out to more than 7,500 Idaho businesses – see who got the money

The Small Business Administration released data on the Paycheck Protection Program loans it doled out to date early Monday. The PPP was a major part of the CARES Act legislation signed this spring, intended to prop up the economy as the COVID-19 pandemic began impacting the US.

The agency released the data in two pieces – one includes loans under $150,000. This data doesn’t include the names or other identifying details for the businesses that accepted the loans.

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Who got the cash

For all loans over $150,000, the SBA released full details, including who obtained the loans.

Taken together, the SBA handed out 7,562 loans to businesses in Idaho – with the majority of those falling under the $150,000 threshold.

The SBA handed out at least $1.152 billion in loans to Idaho businesses. The number is likely much higher, because the agency only reported dollar ranges for the larger loan amounts. We calcuated the total based on the smallest possible loan each business could have obtained (for instance, Alliance Medical Group obtained a loan between $5 million and $10 million, which we calculated at the smallest amount – $5 million).

The data reports that the loans helped the businesses retain a total of 305,422 jobs.

Though the government handed out the money in the form of loans underwritten by the SBA, however some or all of the money can be forgiven if certain requirements are met – essentially turning the loans into grants.

Top Idaho PPP recipients

Fifteen Idaho businesses received between $5 million and $10 million:

PPP recipientCityJobs retained
Alliance Medical Group (dba Primary Health)Garden City500
Bonner General HospitalSandpoint461
Commercial TireMeridian500
CompunetMeridian222
CradlepointBoise500
Dennis Dillon Auto Park & Truck CenterBoise452
Empire AirwaysHayden
Engineered Structures, Inc.Meridian490
HealthwiseBoise247
J-U-B EngineersBoise360
Riverence HoldingsFiler434
RM MechanicalBoise0
Teancum, LLC (dba Peterson Auto)Boise405
Thomas ManagementMeridian500
Valley AgronomicsNampa443

Another 107 businesses received loans between $2 million and $5 million, while 221 businesses got $1 million to $2 million. See a fully searchable database below.

Demographics

Of the 30,000+ loans handed out in Idaho:

  • 5,156 loans went to businesses that reported they were male-owned, or 68%
  • 1,326 loans went to businesses that reported they were female-owned, or 18%.
  • The rest of the loans, 14%, did not include the gender of the owners.

The majority of loan recipients did not list their race or country of origin – more than 59% of all loans did not include this information.

  • 2,885 loans went to business which reported they were white-owned, or 38%.
  • 118 loans went to business which reported they were Hispanic-owned, or 1.56%.
  • 79 loans went to business which reported they were Asian-owned, or 1.04%.
  • 20 loans went to businesses which reported they were American Indian- or Alaska Native-owned, or .26%.
  • 7 loans went to business which reported they were Black- or African American-owned, or .09%. No loan over $150,000 went to a Black-owned business.

Lenders

A total of 212 banks issued loans to lenders in Idaho, led by DL Evans Bank, Zions Bank and Glacier Bank (dba Mountain West Bank), according to the data released by the SBA.

BankLoans underwritten (100+)
DL Evans Bank797
Zions Bank686
Glacier Bank684
Washington Trust Bank561
Idaho Central CU478
US Bank378
First Interstate361
Idaho First Bank294
The Bank of Commerce284
Bank of Idaho253
First Federal Savings of Twin Falls250
Farmers Bank245
KeyBank237
Banner Bank166
Ireland Bank148
Wells Fargo104
Readycap Lending102

Searchable database

Use the widget below to search all loans granted over $150,000. This may not be searchable on a mobile device due to limitations in the screen size. You can view the data here.

Don Day - BoiseDev editor
Don is the founder and publisher of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow. Contact him at [email protected].

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