This story originally appeared on Flippa and was produced and distributed in partnership with Stacker Studio.
Counties receiving the most SBA loans in Idaho
The Small Business Administration backed loans worth $27.5 billion through its primary lending program in 2023—rising well above pre-COVID-19 pandemic levels as government officials aim to stabilize the economy.
Many small businesses get their start and scale up with SBA loans, which increased lending to Black, Latino, and women entrepreneurs in the past few years in step with efforts to become more equitable.
Flippa found the county in Idaho where applicants were approved for the most SBA loan funds per capita in fiscal year 2023, which ended in September. The analysis was based on the SBA's most common loan program, known as 7(a) loans. SBA's 7(a) program provides extra security to lenders when they loan money to small businesses that might otherwise be considered too risky to grant. Loans can be for up to $5 million, but in 2023, nearly 7 in 10 loans were for amounts of $350,000 or less. Small businesses can use these funds for real estate acquisitions or improvements, working capital, supplies and equipment, and for other business startup or acquisition purposes.
Barriers do still exist for eligibility, including income, credit history, and location, but SBA loans can be fruitful for founders who don't qualify for conventional business financing. They can also provide protection against high and volatile interest rates, as SBA-backed loans have maximum interest rates that are predictable and often lower than other loans.
In a national analysis of the #1 ranked counties in every state, all but two counties had populations of less than 500,000—most smaller than 100,000. That's not surprising, as the Census Bureau classifies about 99% of U.S. counties as small. Still, it signifies that these smaller communities are building successful entrepreneurial environments. In most cases, their small businesses are able to succeed beyond those within the major U.S. population centers—at least in terms of success in gaining SBA funding.
Read on to see whether your county ranks among those receiving the most SBA loans.
#35. Latah County
- SBA approved about $3.40 per resident in 7(a) loans in 2023.
- Total approved funds: $134,000
- Number of loans: 3
#34. Gem County
- SBA approved about $4.85 per resident in 7(a) loans in 2023.
- Total approved funds: $90,600
- Number of loans: 1
#33. Idaho County
- SBA approved about $5.40 per resident in 7(a) loans in 2023.
- Total approved funds: $89,000
- Number of loans: 2
#32. Franklin County
- SBA approved about $10.44 per resident in 7(a) loans in 2023.
- Total approved funds: $146,600
- Number of loans: 2
#31. Oneida County
- SBA approved about $10.81 per resident in 7(a) loans in 2023.
- Total approved funds: $48,800
- Number of loans: 1
#30. Caribou County
- SBA approved about $14.28 per resident in 7(a) loans in 2023.
- Total approved funds: $100,000
- Number of loans: 1
#29. Benewah County
- SBA approved about $16.30 per resident in 7(a) loans in 2023.
- Total approved funds: $155,000
- Number of loans: 2
#28. Lincoln County
- SBA approved about $19.29 per resident in 7(a) loans in 2023.
- Total approved funds: $100,000
- Number of loans: 1
#27. Cassia County
- SBA approved about $20.43 per resident in 7(a) loans in 2023.
- Total approved funds: $500,000
- Number of loans: 2
#26. Payette County
- SBA approved about $23.99 per resident in 7(a) loans in 2023.
- Total approved funds: $598,000
- Number of loans: 5
#25. Adams County
- SBA approved about $30.55 per resident in 7(a) loans in 2023.
- Total approved funds: $132,000
- Number of loans: 2
#24. Washington County
- SBA approved about $33.57 per resident in 7(a) loans in 2023.
- Total approved funds: $350,000
- Number of loans: 2
#23. Twin Falls County
- SBA approved about $47.85 per resident in 7(a) loans in 2023.
- Total approved funds: $4.3 million
- Number of loans: 10
#22. Madison County
- SBA approved about $49.15 per resident in 7(a) loans in 2023.
- Total approved funds: $2.5 million
- Number of loans: 5
#21. Jefferson County
- SBA approved about $60.63 per resident in 7(a) loans in 2023.
- Total approved funds: $1.8 million
- Number of loans: 5
#20. Bannock County
- SBA approved about $62.18 per resident in 7(a) loans in 2023.
- Total approved funds: $5.4 million
- Number of loans: 18
#19. Jerome County
- SBA approved about $65.82 per resident in 7(a) loans in 2023.
- Total approved funds: $1.6 million
- Number of loans: 3
#18. Owyhee County
- SBA approved about $72.03 per resident in 7(a) loans in 2023.
- Total approved funds: $851,000
- Number of loans: 4
#17. Valley County
- SBA approved about $75.51 per resident in 7(a) loans in 2023.
- Total approved funds: $866,500
- Number of loans: 6
#16. Lemhi County
- SBA approved about $90.02 per resident in 7(a) loans in 2023.
- Total approved funds: $715,500
- Number of loans: 1
#15. Boundary County
- SBA approved about $92.13 per resident in 7(a) loans in 2023.
- Total approved funds: $1.1 million
- Number of loans: 10
#14. Nez Perce County
- SBA approved about $96.82 per resident in 7(a) loans in 2023.
- Total approved funds: $4.0 million
- Number of loans: 4
#13. Bingham County
- SBA approved about $98.63 per resident in 7(a) loans in 2023.
- Total approved funds: $4.7 million
- Number of loans: 11
#12. Teton County
- SBA approved about $113.73 per resident in 7(a) loans in 2023.
- Total approved funds: $1.3 million
- Number of loans: 2
#11. Bear Lake County
- SBA approved about $118.84 per resident in 7(a) loans in 2023.
- Total approved funds: $751,900
- Number of loans: 2
#10. Canyon County
- SBA approved about $119.31 per resident in 7(a) loans in 2023.
- Total approved funds: $27.1 million
- Number of loans: 60
#9. Kootenai County
- SBA approved about $135.14 per resident in 7(a) loans in 2023.
- Total approved funds: $22.7 million
- Number of loans: 46
#8. Elmore County
- SBA approved about $138.23 per resident in 7(a) loans in 2023.
- Total approved funds: $3.9 million
- Number of loans: 4
#7. Fremont County
- SBA approved about $140.03 per resident in 7(a) loans in 2023.
- Total approved funds: $1.9 million
- Number of loans: 6
#6. Ada County
- SBA approved about $150.41 per resident in 7(a) loans in 2023.
- Total approved funds: $73.0 million
- Number of loans: 152
#5. Bonneville County
- SBA approved about $166.00 per resident in 7(a) loans in 2023.
- Total approved funds: $20.2 million
- Number of loans: 33
#4. Bonner County
- SBA approved about $176.13 per resident in 7(a) loans in 2023.
- Total approved funds: $8.2 million
- Number of loans: 31
#3. Boise County
- SBA approved about $330.24 per resident in 7(a) loans in 2023.
- Total approved funds: $2.5 million
- Number of loans: 1
#2. Blaine County
- SBA approved about $348.68 per resident in 7(a) loans in 2023.
- Total approved funds: $8.3 million
- Number of loans: 15
#1. Shoshone County
- SBA approved about $365.00 per resident in 7(a) loans in 2023.
- Total approved funds: $4.8 million
- Number of loans: 4
This story features data reporting and writing by Paxtyn Merten and is part of a series utilizing data automation across 50 states.
