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Idaho Independent Bank Announces Sponsorship of MoFi

BOISE, ID – Idaho Independent Bank announced a $1,500 sponsorship of MoFi (formerly Montana & Idaho CDC) in June. Idaho Independent Bank’s sponsorship will help support MoFi’s work with small business owners and entrepreneurs in the state of Idaho.

“MoFi is thrilled to receive its second year of sponsorship from Idaho Independent Bank,” said Dave Glaser, President of MoFi. “Idaho Independent Bank’s sponsorship helps MoFi support small business owners with free one-on-one business consulting. This individualized consulting helps the pre-bankable build thriving businesses that will last, and eventually access bank financing.”

In 2015, after nearly 30 years of lending in Montana, MoFi expanded into Idaho and now offers its full suite of business consulting services to Idaho clients. In 2017, 40 percent of MoFi’s lending went to businesses in Idaho. These businesses retained 301 jobs and created 151 jobs.

“MoFi’s work in Idaho would not be possible without the generous support of banks like Idaho Independent Bank,” added Glaser. “We greatly appreciate their commitment to helping low-income and underserved entrepreneurs in Idaho.”

About MoFi’s Small Business Loans

MoFi provides financing from $1,000 to $2,000,000. In 2017, MoFi loaned over $11 million to 68 entrepreneurs and small-business owners, including to 26 small businesses in Idaho. Clients often are referred to MoFi if they are unable to obtain traditional bank financing.

For more information about Idaho Independent Bank, visit https://www.theidahobank.com/.