Montana-based businesses with fewer than ten full-time equivalent employees and gross annual revenues of less than $1,000,000 can apply for a microbusiness loan up to $100,000 by contacting a MicroBusiness Development Corporation (MBDC). MBDCs provide capital to start or expand a business, training and technical assistance, and pre- and post-loan training valuable for the success of a small business.
About the MicroBusiness Finance Program (MBFP)
Since the inception of the MBFP in 1991, over 1,250 loans have been made across the state, totaling over $30.8 million and creating and/or retaining approximately 3,150 jobs.
A non-profit corporation interested in becoming a certified MicroBusiness Development Corporation (MBDC) should contact program staff 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 ARM 8.99.401 thru 8.99.405 and 8.99.501 thru 8.99.511 to review the current Administrative Rules for the MBFP.