Idaho State Statutes - Idaho Attorney Directory

(1) A licensee may determine the form and the terms and conditions for
financing assistance provided by that licensee to a business firm including,
but not limited to, forms such as loans; purchase of debt instruments;
straight equity investments such as purchase of common stock or preferred
stock; debt with equity features such as warrants to purchase stock,
convertible debentures, or receipt of a percent of net income or sales;
royalty based financing; guaranteeing of debt; or leasing of property. A
licensee may purchase securities of a business firm either directly or
indirectly through an underwriter. A licensee may participate in the program
of the small business administration pursuant to section 7(a) of the small
business act, Public Law 85-536, 15 U.S.C. 636(a) or any successor statute, or
any other government program for which the licensee is eligible and which has
as its function the provision or facilitation of financing assistance or
management assistance to business firms. If a licensee participates in a
program referred to in this subsection, the licensee shall comply with the
requirements of that program.
(2) Management assistance provided by a licensee to a business firm may
encompass both management or technical advice and management or technical
services.
(3) Financing assistance or management assistance provided by a licensee
to a business firm shall be for the business purposes of that business firm.
(4) A licensee may exercise the incidental powers that are necessary or
convenient to carry on the business of, or are reasonably related to the
business of, providing financing assistance and management assistance to
business firms.
(5) In connection with an extension of credit by a person to a licensee
or an extension of credit by a licensee to a business entity, the parties may
agree to any rate of interest.

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