Eastern Idaho Development

What Eastern Idaho Development does

Eastern Idaho Development Corporation (EIDC) is a nonprofit Certified Development Company (CDC) headquartered at 1651 Alvin Ricken Drive in Pocatello, Idaho, co-located with Idaho State University's Business and Technology Center. Incorporated on March 4, 1983 (originally as the Greater Pocatello Development Corporation and renamed in January 1988), EIDC has been SBA-certified to originate 504 loans since July 15, 1983, and operates within a defined Southeast Idaho Area of Operations alongside roughly 260 other CDCs nationwide.

The organization administers four core financing programs for small businesses in Southeast Idaho: the SBA 504 Loan Program (long-term, fixed-rate financing where SBA covers 40%, a participating lender covers up to 50%, and the borrower contributes 10%, with 10- and 20-year maturities and a current August 2017 funding rate of 4.537%); the City of Pocatello Revolving Loan Fund, administered under a July 28, 1984 agreement; the USDA Intermediary Relending Program (IRP); and the USDA Rural Business Enterprise Grant (RBEG). Use of proceeds is restricted to fixed-asset acquisition — building purchase, land, construction, renovation, and long-term machinery — for for-profit small businesses meeting SBA size standards (tangible net worth ≤ $15 million; average net income ≤ $5 million).

EIDC operates with a three-person team (Executive Director Samantha Damron, Loan Officer Christi Axtell, and Administrative Assistant Debbie Crawford) and generates revenue through loan-processing fees, servicing fees, and interest income on administered loan funds. Customer acquisition runs through SBA district office referrals, participating bank referrals, and local economic development networks rather than direct sales or marketing. The organization is not backed by venture or private equity, has no disclosed parent or subsidiaries, and does not publish revenue figures. A simple online Loan Calculator is offered as an adjunct tool on the eidevco.org website, with no proprietary technology platform.

Name

Eastern Idaho Development

Legal name

Eastern Idaho Development Corporation

Website

https://eidevco.org

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Short description

Eastern Idaho Development Corporation is a nonprofit SBA-certified Certified Development Company in Pocatello, Idaho, administering SBA 504, USDA, and City of Pocatello loan programs for small businesses in Southeast Idaho seeking fixed-asset financing.

Ownership category

akta.pro rank

Product category

Small Business Lending / Economic Development Finance

NAICS

Administration of Economic Programs (926), Administration of Urban Planning and Community and Rural Development (92512)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI), Economic Development & Business Licensing (Local) (BPAIACAN), Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• SBA 504 loans
• Small business financing
• Economic development lending
• Fixed-rate loans
• Rural business financing

Headquarters

HQ city

Pocatello

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Loan Interest and Fees: The organization generates revenue through interest income on 504 loans and fees associated with loan processing and servicing. As a nonprofit CDC, revenue supports operations and economic development programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Eastern Idaho Development Corporation is a nonprofit Certified Development Company (CDC) that provides long-term, fixed-rate SBA 504 loans to small businesses for fixed-asset acquisition, including building purchase, land, construction, renovation, and long-term machinery. It also administers the City of Pocatello Revolving Loan Fund, the USDA Intermediary Relending Program (IRP), and the USDA Rural Business Enterprise Grant (RBEG) program to support economic development in Southeast Idaho.

Product overview

Eastern Idaho Development Corporation (EIDC) is a Certified Development Company (CDC) that manages four distinct loan and grant programs for economic development in Southeast Idaho. The core offering consists of the SBA 504 Loan Program (long-term fixed-rate financing), the City of Pocatello Revolving Loan Fund (local financing), the USDA Intermediary Relending Program (IRP), and the USDA Rural Business Enterprise Grant (RBEG). These programs are designed to stimulate economic growth and create jobs in the region. Additionally, EIDC provides a Loan Calculator tool as a supplementary resource for prospective borrowers.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA 504 Loan Program A long-term, fixed-rate financing program offered through Certified Development Companies in partnership with the SBA and participating lenders, providing approved small businesses with up to 90% financing for fixed-asset acquisition including building purchase, land, construction, renovation, and long-term machinery for expansion or modernization.
• City of Pocatello Revolving Loan Fund (RLF) A local revolving loan fund administered by EIDC in partnership with the City of Pocatello, providing financing options for economic development in the region.
• USDA Intermediary Relending Program (IRP) A federal loan program administered through the USDA that provides capital to intermediaries for relending to rural businesses for job creation and economic development.
• USDA Rural Business Enterprise Grant (RBEG) A grant program from USDA that provides funds for rural business development, facility construction, and equipment acquisition to promote economic growth in rural communities.

Quantifiable outcome

• 90% financing available for eligible projects
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Accion Opportunity Fund: A national CDFI providing small-business loans and SBA 504/7(a) financing to underserved entrepreneurs, with a mission strongly aligned with EIDC's economic development focus. Operates at national scale rather than within a defined CDC service area.
• Pacific Community Ventures: A California-based CDFI and nonprofit providing SBA-guaranteed loans, advising, and capital to small businesses in underserved communities. Comparable nonprofit CDFI structure with overlapping SBA loan products and small-business development mission.
• Kiva: A nonprofit crowdfunding platform providing 0% interest loans to small businesses and entrepreneurs. Comparable nonprofit, small-business development mission, but uses a crowdfunded rather than SBA-guaranteed debenture capital model.
• Coastal Enterprises Inc. (CEI): A Maine-based CDFI providing small-business financing, including SBA loans, to rural and underserved communities. Comparable small-business development mission and rural focus, with broader service offerings (housing, fisheries, clean energy) than EIDC's loan-program specialization.
• Grameen America: A nonprofit microfinance organization providing small loans to low-income entrepreneurs across the U.S. Shares the nonprofit structure and small-business development mission, but focuses on microenterprise rather than SBA 504 fixed-asset financing.

Direct peers

• LiftFund: A nonprofit CDFI providing SBA 504 and 7(a) loans, microloans, and small-business capital to underserved entrepreneurs across multiple states. Overlaps with EIDC on SBA 504 origination and small-business development mission, though at significantly larger scale and broader geography.
• Northeast Small Business Finance (NESB Finance): A Certified Development Company operating in the Northeast that originates SBA 504 loans for small businesses, with the same nonprofit CDC structure and SBA-certified regulatory framework as EIDC. Operates in a different geography but shares the same operating model, federal program reliance, and nonprofit status.
• Colorado Lending Source: A Colorado-based Certified Development Company providing SBA 504 financing to small businesses in a defined geographic service area. Comparable in nonprofit structure, SBA program focus, and small-staff operating model, though serving a larger and more economically diversified market than EIDC.

Broad incumbents

• U.S. Small Business Administration (SBA): The federal agency that certifies and regulates EIDC as a CDC and provides the SBA-guaranteed debenture funding that underpins the 504 program. Functions as program overseer and capital source rather than a direct competitor, but its policy decisions determine EIDC's addressable market.
• USDA Rural Development: The federal agency that funds the USDA IRP and RBEG programs EIDC administers. Functions as a program partner and capital provider rather than a direct competitor, but program-level funding decisions directly affect two of EIDC's four revenue streams.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eastern-idaho-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Idaho Development