Monthly newsletter from
Frontier Community Resources, Inc.

"Alone, we can do so little; together, we can do so much." -Helen Keller

The Frontier Community Resources office will be closed Monday, January 17, 2022 in observance of Martin Luther King, Jr. Day.

EVENTS

Empowering Small Business Workshop Series

Thank you to everyone who joined us for the

Small Business Workshop Series!

We hosted the workshop in Twin Falls, Gooding, and Burley. We partnered with the Idaho Small Business Development Center to assist and guide small businesses with development planning, start-up options, and an overview of available loan programs.

If you are interested in learning more about our partnership with the Small Business Development Center and how we can join forces to help your small business, call us today!

Burley participants shown above.

Association of Idaho Cities Conference June 22-24, 2022

The annual Association of Idaho Cities Conference returned in person this year with a mission of "Creating Quality Cities". Two of our team members, Adeanna Jenkins, Community Development Planner; and Brenda Hastreiter, Project Specialist, attended the conference to listen to and discuss the most pressing issues Idaho cities are facing in a post-pandemic world.
Our team has returned feeling energized and ready to apply solutions to challenges relevant in South-central Idaho communities!

Twin Falls Today - August 9th

Internal Loan Programs

Before you give up on your project due to financing challenges, give us a call to see if we can assist your business with one of our internal loan programs listed below.

We are happy to consider start-ups, turnarounds, and other non-conventional circumstances.

Contact a loan officer today!

Rob Atkins, Loan Programs Manager and Loan Officer

(208) 732-5727 ext. 3002

Amy Brinkman, Loan Officer

(208) 732-5727 ext. 3006

July SBA 504 Interest Rates

25 Year - 5.11%

20 Year - 5.05%

10 Year - 4.97%

After several months of increasing interest rates, the SBA 504 rates have been essentially unchanged for May, June, and now July. The 25-year rate actually fell 5 basis points in July.

Small business owners can access cash from the equity in their real estate by way of the SBA 504 debt refinancing program.

In addition to refinancing existing debt on more favorable terms, you can get cash out to pay operating expenses or other purposes.

As with all SBA 504 programs, you can lock in a repayment term of up to 25 years at below-market interest rates.

For more than four decades, Frontier Community Resources has been providing hands-on technical assistance to communities throughout southern Idaho – from helping with basic infrastructure development (sewer, water, fire protection, community centers and senior centers) to assisting with community building (training, visioning, and comprehensive planning). The Frontier Community Resources team can assist with town meetings, preparing funding applications, and project administration.

Are you a community leader with a wish list full of infrastructure improvements to your city or county?

Call our office today to see how we can help.

208.732.5727