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Economic Development & Bank Loan Programs
RLF Revolving Loan Fund: Local loan funds loaned to a
business. Typically requires a private sector match.
Micro Micro-Business Loan Fund: Loans up to $35,000 to help with gap
financing or to help people with credit and equity issues.
IRP Intermediary Re-lending Program: Loan program with a maximum amount
of $150,000. Requires 1-1 private sector match. Program of the USDA and local
development corporation. Loans are based on job creation.
CDBG Community Development Block Grant Loan: Loan Funds up to $400,000
based on job creation. Requires a 1-1 match from the private sector. Grant to a
government entity to re-lend to a business at a lower interest rate.
Bank Conventional Commercial Loan
SBA Small Business Administration Guarantee:
Guarantees portion of a bank loan. Community Express Loan Program available
through the Small Business Development Centers
MT BOI Montana Board of Investments Loan Incentive Programs:
¨ Purchase federal guarantees for reduction in interest rates
¨ Participation with banks
¨ Value added loan program
USDA/RD Rural Development Guarantee
Guarantees portion of a bank loan.
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