Why choose MT SSBCI: The MT SSBCI provides small businesses in Montana hurt by the pandemic with support and relief as they work to build, grow, and adapt, as well as foster job creating opportunities for the local economy. The program also provides underrepresented small business owners with access to capital. Operating as a Certified Development Financial Institution (CDFI), Dakota Business Lending will partner with an approved lender (bank) for up to 50% of the loan amount as a participating silent partner, or can serve as both the bank and CDFI when used in conjunction with our other revolving loan funds.

Loan amounts: Up to $1 million for qualifying expenses

Down payment: Based on lead lender policy

Eligible projects: Business purposes including working capital, equipment, inventory, start-up costs, and the purchase, construction, or renovations of owner-occupied real estate

Eligible businesses: Businesses in Montana with less than 750 employees

Collateral and security: Required and to be shared on a pro-rata basis in first lien position

Terms: Up to 20 years

Rate: 0.5%-3.5%, determined by term and payments on the lead lender loan as defined in program requirements