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New loan available for small Idaho businesses impacted by COVID-19

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Small businesses in Idaho now have the chance to apply for a new loan.

With federal aid programs expiring, private nonprofit community lender, MoFi, launched Thrive, a program designed to give relief to existing businesses impacted COVID-19.

“We launched the Thrive Loan to help small businesses survive in a rapidly changing economy,” president of MoFi Dave Glaser said.

[McLean launches small business grant program for impacts of COVID-19]

The loans are designed for existing small businesses that were profitable before the pandemic.

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“As the pandemic continues to impact our communities, this program provides business owners with the working capital they need to stay afloat, adjust their business models and maintain hope.” he said.

For more information about Thrive Loans, click here.

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