Rowanglen Business Loans, a small-business funding broker in Pocatello, ID, answers common owner questions here: what a broker does, how business funding differs from a personal loan, what funding can and cannot pay for, which Idaho records partners check, and where to find free local help.
About Rowanglen Business Loans
Is Rowanglen Business Loans a lender?
No. Despite the name, Rowanglen Business Loans is a broker, not a lender.
Where is the office?
771 Yellowstone Ave, Pocatello, ID 83201. Phone (208) 439-0428. The contact page has both.
Which communities do you cover?
Owners in Pocatello, Chubbuck and the surrounding parts of Bannock, Power and Bingham counties, including American Falls and Blackfoot, by phone and online. The communities page lists them.
Do you offer service in Spanish?
No. We work in English only.
Choosing funding
What is the difference between a business loan and a personal loan?
A business loan is made to the business for business purposes and is underwritten on the business's records, though owners usually guarantee it personally. A personal loan is made to you as an individual. Using a personal loan for the business puts your own credit directly behind business risk and does nothing for the business's own credit history. We arrange business funding only.
What may business funding pay for?
Business costs: payroll, rent, materials, stock, equipment, a build-out or refinancing older business debt. The comparison of six structures shows which fits which cost.
What can you not use a business loan for?
Personal expenses, and anything the contract's use-of-proceeds clause excludes, which may include paying owners' personal debts, speculative investments or transfers to related companies. Read that clause before signing.
Would a merchant cash advance be a loan?
No. A merchant cash advance is not a loan; it is a purchase of future receipts. The merchant cash advance page explains holdbacks, factor pricing and reconciliation.
Applying
Which fields are on the online form?
Just your first and last name, email, phone number and business name, plus a consent checkbox. The purpose and the amount are questions for the call itself.
Which records help to have on hand?
Recent business bank statements are the most common request. Depending on the structure, partners may also ask for tax returns, financial statements, a quote or a stock list. How a request moves explains each step.
Is funding possible for a young business?
Some partners work with younger businesses, often on smaller amounts or shorter terms, and many prefer a longer operating history. It depends on the partner and the request; we cannot predict the outcome.
Idaho and Bannock County, ID questions
How do I check my business's status with the State of Idaho?
Search the business by name in the Idaho Secretary of State's SOSBiz business search. Our certificate of existence guide explains what partners look for.
Does Pocatello, ID require a city business license?
The City of Pocatello says it issues business licenses for specific types of business. The Pocatello license guide covers applying, renewing and looking one up.
Where can a Pocatello, ID owner get free business advice?
The Idaho SBDC's Southeast Idaho office in Pocatello offers free advising. Other free help is collected in the guide library.
By Rowanglen Business Loans · Updated