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 Montana Finance Information Center

Montana Board of Investments

Fund
Use of Proceeds
Limits
Rate
Term
Qualifications
Fees
Working capital, equipment, property, facilities for start up or expanding businesses
Based on project & amount of funds available; must create or retain 1 job for each $35,000 borrowed
Starts at 3% above current prime, fixed rate for term
Based on use of proceeds
51% of retained/created jobs low/moderate income individual, $1 to $1 match from another source, biz plan with 3 yr. Projections, denial or request for participation from a bank
$500 loan app. fee, 2% organization fee, $100 for modifications; app fee credited against originaton fee if loan approved
Working capital, equipment, property, facilities for start up or expanding businesses
$150,000 must create or retain 1 job for every $25,000 borrowed
5-7% fixed rate for term
Based on use of proceeds not to exceed 20 years
Loan must have $1 for $1 match from another source, project must be outside City of Great Falls, biz plan with 3 yr projections
$500 loan app. fee, 1% organization fee, $100 for modifications; app fee credited against origination fee if loan approved
 
Working capital, equipment, property, facilities for start up or expanding business
Based on project & amount available in the fund
Starts at 3% above current prime, fixed rate for term
All loans have a 3rd year balloon payment
Loan must have a $1 for $1 match from another source, denial or request for participation from a bank, biz plan with 3 year projections
$500 loan app. fee, 2% origination fee, $100 for modifications; app fee credited against orgination fee if loan approved
 
Call GFDA
Generally $1.5 million, $2 million for special use, $4 million for manufacturing
Set at sale of debenture, fixed rate of term
20 years fixed for real estate/facilities, 10 years fixed for equipment
Call GFDA for eligibility information, must create 1 job for each $65,000 borrowed
$500 app fee, 1.5% processing fee, 50 basis points bank participation fee, one eighth of one percent ongoing fees to SBA & Fiscal agent, prepayment penalty
Cleaning up Brownfields sites in Cascade County
$200,000
Depends on use
Depends on Use
Project must be approved by EPA and DEQ prior to application, $1 for $1 match from another source
$500 loan app. fee, 2% origination fee, $100 for modifications; app fee credited against origination fee if loan approved
Please call GFDA staff (406) 771-9020 to discuss your financing needs and more information about these programs
 
Eligibility, use, rates, terms and fees are subject to change
 

 The lending activities of GFDA & High Plains Financial are funded in part by the United States Department of Agriculture. In accordance with Federal law and the USDA policy, this institution is prohibited from discrimination on the basis of race, color, national origin, sex, age, or disability.  (Not all prohibited bases apply to all programs).  To file a complaint of discrimination, write USDA Director, Office of Civil Rights, 1400 Independence Ave. SW, Washington DC 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).   

Funded in part through a cooperative agreement with the U.S. Small Business Administration. Al! opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact Rebecca Engum, P.O. Box 949, Great Falls MT 59403, 406-771-9032.

 
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Fax 406-454-2995
Physical Address
300 Central Ave. Suite 406
Great Falls, MT 59401
Mailing Address
PO Box 949
Great Falls, MT 59403
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