Participating Lender Wood Products Revolving Loan Fund Application
Participating Lender Wood Products Revolving Loan Fund Application supports Montana wood products businesses with loans for operations, equipment and infrastructure to sustain the industry and retain and create jobs.
Funder: Montana Department of Commerce
Due Dates: July 14, 2025 (Applications opened) | Until the pending loan pipeline equals available funding (Application cutoff)
Funding Amounts: Participation loans up to $2 million; direct loans generally up to $1 million; repayment terms up to 15 years
Summary: Fixed-rate loan financing to sustain and grow Montana’s distressed wood products industry.
Key Information: Eligible borrowers must have suffered economic hardship and belong to the critical, primary wood-processing infrastructure.
Description
The Montana Department of Commerce administers the Wood Products Revolving Loan Fund to support and stabilize Montana’s wood products industry. Established in 2009, the program reinvests loan repayments to support businesses engaged in wood processing, manufacturing and related activities. It seeks to retain and create jobs, encourage sustainable use of forest resources and strengthen communities affected by timber-market fluctuations.
This is loan financing, not a grant. The program primarily combines Commerce funds with financing from approved participating lenders, although direct loans are also available. Commerce intends funds to fill financing gaps when other public or private financing is inadequate or unavailable on reasonable terms. Priority goes to projects offering the greatest potential for long-term employment and economic benefits in Montana communities.
