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MicroBusiness Finance Program

Montana-based businesses with fewer than 10 full-time equivalent employees and a gross annual revenue of less than $1,000,000 can apply for a microbusiness loan up to $100,000 by contacting a MicroBusiness Development Corporation (MBDC) shown on the MBDC map with links to each MBDC listed at the bottom of the map.  These corporations not only provide capital to start or expand a business but they also provide training and technical assistance to the business owner. Pre- and post-loan training is a very important aspect to a small business' success.

Since the inception of the MicroBusiness Finance Program in 1991, over 1,050 loans have been made across the state, totaling over $21.3 million and creating and/or retaining approximately 2,330 jobs.

The MicroBusiness Finance Program operates under the policy guidance of the Governor's appointed Economic Development Advisory Council, which consists of 19 appointed Council members. Those members include: the Director of the Department of Commerce, the Chief Business Development Officer in the Governor's Office, one member from a Montana tribal government who represents a tribal economic development organization, up to 12 public members representing each certified regional development corporation, and four legislators, which includes two representatives (one from each party) and two senators (one from each party).

The Montana MicroBusiness Finance Program's goals & objectives:

  • Assist the MBDCs in their efforts to provide loans up to $100,000 to qualified microbusinesses.
  • Improve the capacity of the MBDCs to underwrite and service their microloan portfolios.
  • Improve the capacity of the MBDCs to provide training and technical assistance to their customers.
  • Develop close and effective working relationships between MBDC staff and other resources providers that work with low- to moderate-income people interested in self employment.

A non-profit corporation interested in becoming a certified MicroBusiness Development Corporation (MBDC) should contact the Department of Commerce directly by calling Anne Pichette, Program Specialist, at 841-2751 for further details. To find out more about the Legislative intent of the Program click on MCA 17-6-401 thru 17-6-411 for the MicroBusiness Development Act. To learn more about the requirements to become an MBDC click on MAR 8.99.401 thru 8.99.511 to review the current Administrative Rules for the MBDC's.

MicroBusiness Development Corporations (MBDCs)

Click on a link below to find out more about how to apply for a business loan from an MBDC near you:

 

Bear Paw Development Corporation
48 Second Avenue
Havre, MT  59501
406-265-9226
http://www.bearpaw.org

 

Great Falls Development Authority
300 Central Avenue,Suite 406
Great Falls, MT  59401
406-771-9020
http://www.gfdevelopment.org

 

Great Northern Development Corporation
233 Cascade Street
Wolf Point, MT  59201
406-653-2590
http://www.gndc.org

 

Headwaters RC&D Area, Inc.
65 E. Broadway Street, 2nd Floor
Butte, MT  59701
406-782-7333
http://www.headwatersrcd.org

 

Montana Business Assistance Connection
225 Cruse Avenue
Helena, MT  59601
406-447-1510
http://www.mbac.biz/

 

Montana Community Development Corporation
229 E Main Street
Missoula, MT  59802
406-728-9234
http://www.mtcdc.org

 

Montana West Economic Development
44 Second Avenue West
Kalispell, MT  59901
406-257-7711
http://dobusinessinmontana.com