MicroBusiness Finance Program
MicroBusiness Finance Program supports MicroBusiness Development Corporations with funding for loans to small Montana businesses, connecting state-administered resources with business financing.
Funder: Montana Department of Commerce
Due Dates: July 1, 2024 (Application opened)
Funding Amounts: Loan funding administered through MicroBusiness Development Corporations
Summary: Supports MicroBusiness Development Corporations that provide loans to small Montana businesses.
Key Information: This application is for MBDC recertification, not a direct grant application from an individual business.
Description
The MicroBusiness Finance Program is administered by the Montana Department of Commerce and supports business lending through MicroBusiness Development Corporations (MBDCs). Commerce administers funding for these corporations, which use program funds to provide loans to Montana-based businesses with fewer than 10 full-time equivalent employees and gross annual revenues below $1 million.
The listed opportunity concerns Commerce’s recertification of MBDCs within the program. It is therefore relevant to development corporations delivering business finance in Montana, rather than researchers seeking support for scientific work or individual businesses seeking a direct grant. The program connects state-administered financial resources with lending carried out by MBDCs to small businesses in the state.
