META > Loan Programs

Loan Programs

Loan Product	Maximum Benefit (ORR)	Express (ORR)	Trade Sector (ORR)	Acquiring Credit (ORR)	Community Loan
Geographic Boundaries	State of Idaho	State of Idaho	State of Idaho	State of Idaho	Ada and Canyon County
Eligibility Status	Refugee or Asylee	Refugee or Asylee	Refugee or Asylee	Refugee or Asylee	Women, immigrants, minorities. and others
Loan Amount	$5,000 to $15,000	$1,000 to $5,000	$1,000 to $3,000	up to $1,000	$500 to $2,000
Interest Rate	Fixed rate, 4 pts. above prime for first-time borrowers	Fixed rate, 4 pts. above prime for first-time borrowers	Fixed rate, 4 pts. above prime for first-time borrowers	Fixed rate, 4 pts. above prime for first-time borrowers	Fixed rate, between 4 to 6 pts. above prime for first-time borrowers
Loan Term	Up to 36 months	Up to 30 months	Up to 24 months	Up to 12 months	From 6 to 18 months
Collateral	Business and Personal Assets	Business and Personal Assets	Business and Personal Assets	None required	Business and Personal Assets
Used to Finance	Equipment, inventory, leasehold improvements, working capital	Equipment, inventory, leasehold improvements, working capital	Equipment, inventory, leasehold improvements, working capital	Equipment, inventory, leasehold improvements, working capital	Equipment, inventory, leasehold improvements, working capital

Maximum Benefit Loan

Greater than $5,000, Up to $15,000

Up to 36-month term
Comprehensive pre-loan financial TA includes developing monthly operating budget, gross margins, sales forecast, balance sheet, projected income and cash flow statements, and a break-even analysis
Complete business plan narrative development
Free credit report
Decisions within five working days after committee meets to review final loan package
$200 loan closing fees
Loan to collateral ratio: 1:1
10 hours free pre-loan financial and marketing consulting
3 hours per year free business consulting during the loan term

Express Loan

Greater than $1,000, up to $5,000

Up to 30-month term
Cash flow and one-page business plan
No credit report needed
Decisions made by META staff within three working days
$125 loan closing fees
Loan to collateral ratio: 1:1
Free initial two-hour consulting visit
2 hours per year free business consulting during the loan term
Upon full and timely repayment, you are eligible for a repeat loan—minimal paperwork required.

Trade Sector Loan

Greater than $1,000, up to $3,000

Arts & crafts, childcare, contractor, landscaping and lawn maintenance, vehicle-related, or other non-retail service sector occupations
Up to 24-month term
Cash flow and one-page business plan
No credit report needed
Decisions made by META staff within three working days
$100 loan closing fees
Loan to collateral ratio: 1:1
Free initial two-hour consulting visit
Upon full and timely repayment, you are eligible for a repeat loan—minimal paperwork required.

Acquiring Credit Loan

Up to $1,000

“First Step” loan
- $500 with up to a 6-month term
- No collateral, credit report, cash flow, or other financial statements required
- Decision made by any authorized META team member, same-day loan request decision

“Second Step” loan
- $1,000 with up to a 12-month term
- Same policies as above
- These two loans may assist you in enhancing your credit before moving on to more advanced loans above.
- $50 loan closing fees

Community Loan

Greater than $500 up to $2,000

From six- to an 18-month term based on amount of loan
Cash flow and one-page business plan
No credit report needed
Decisions made by META staff within three working days
From $50 to $100 loan closing fees based on amount of loan
Loan to collateral ratio: 1:1
Free initial two-hour consulting visit
Upon full and timely repayment, you are eligible for a repeat loan - minimal paperwork required.