Financial Products Links

Fund	Use of Proceeds	Limits	Rate	Term	Qualifications	Fees
City of Great Falls CDBG	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
USDA Intermediary Relending Program	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
EDA (Economic Development Administration) RLF	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 3^rd 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
SBA 504 Loan Program	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
EPA (Environmental Protection Agency) RLF	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.