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Montana Community Development Corporation
Missoula MTMontana Community Development Corporation, a certified Community Development Financial Institution serves the distressed communities of western Montana by providing technical assistance, training and small business loans to low-income individuals and residents of Sanders, Lake, Mineral, and Ravalli Counties, Montana.
CDFI Awards for Montana Community Development Corporation
FA (2009) - $2,000,000
Montana Community Development Corporation (Montana CDC) is a certified CDFI established in 1989. Montana CDC provides micro and small business loans and high-quality business consulting in a five county region in western Montana. It will use its FY 2009 Financial Assistance award as lending capital to small businesses in its Target Market.
NMTC (2008) - $40,000,000
Montana Community Development Corporation (MCDC) provides financing to small businesses and real estate projects located in distressed communities across Montana, with the majority of its activities in non-metropolitan counties. The NMTC allocation will enable MCDC to provide equity, debt with equity features and subordinated debt to finance larger projects than it has historically financed, in support of commercial properties, community facilities and business expansion. MCDC will use its NMTC award to offer interest rates that are at least 50 percent below market, and to introduce a new equity product. MCDC will also provide business consulting services to all borrowers and investees.
FA (2008) - $1,090,345
Montana CDC is a certified CDFI in operation since 1995 It serves a five-county region in western Montana, which includes both rural communities and the city of Missoula It provides business loans and technical assistance to emerging and/or small enterprises and provides both microloans and loans with equity-like features for larger companies Montana CDC will use the FY08 Financial Assistance award of $1,000,000 to increase its lending capital and the FY08 Technical Assistance grant of $90,345 to: 1) hire an additional Loan Officer; 2) conduct a market assessment and implement an impact reporting system; and 3) provide essential training to staff.
TA (2005) - $43,530
MCDC will use its 2005 TA award of $43,530 to develop and distribute marketing materials, enhance its website, upgrade computer hardware and software, and provide fund management and community development impact measurement training.
FA (2005) - $300,000
The financial assistance award of $300,000 will enable MCDC to increase lending by 25% to $5.25 million in new lending over the next three years. Its lending will create or retain 105 jobs and assist 28 women in starting and expanding their businesses. The technical assistance award of $43,000 will fund updating of MCDC"s Management Information Systems and its website as well as training staff on use of new software. These activities will improve MCDC"s services to its rural customers.
SECA (2001) - $50,000
The technical assistance award will cover the costs of consultant fees and staff salary for the development of the business plan and investment documents for the Awardee"s proposed quasi-equity loan product and staff and board training in venture capital.
CORE (1999) - $460,000
The CDFI Fund"s $460,000 award ($400,000 capital grant, $60,000 technical assistance) will be used to increase the capitalization and sustainability of MCDC"s loan programs, and to provide technology to increase the efficiency of its lending operations.
Other Community Development Financial Institutions in Montana
Tri-Valley Community Federal Credit Union
east helena
Wolf Point Federal Credit Union
Wolf Point
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
National Endowment for the Humanities: National Digital Newspaper Program
The goal of the National Digital Newspaper Program is to crate a national digital resource of historically significant newspapers published between the years 1836 and 1922, from all of the States and its territories.
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