Business Financing

Our business lending fills a need when traditional sources of financing are insufficient or not available. Often, MWED partners with a business and a lender, by providing the gap equity needed to get the deal done. By doing this our goal is to help create jobs and successful businesses in Northwest Montana.

Start with a phone call or an email to our Loan Officer, Stephanie Juneau, who will guide you through the process.

MWED connects entrepreneurs with local mentors to provide assistance with overall business planning, including the development of financial projections and financial planning, sales strategies, investor relations, marketing, pricing strategies, and many other components towards launching or expanding a business. Connect with Stephanie at: 406.257.7711 ext. 1, or to discuss your lending needs.

 

COVID-19 Emergency Stabilization Loan Program

Emergency Loan Funds Information

Emergency Loan Funds Application

About Our Loans:

MWED Direct Loans

For projects that are challenged to find bank participation, MWED will consider funding the project from MWED capital pools. Startups, expansions, we want to help get the deal done.

Bank Partner Loans

 

 

MWED will co-lend – We understand that banks and credit unions may not be able to fund all the projects they believe in, so MWED lending exists to help empower those projects by co-lending with a financial institution.
For projects that are challenged to find bank participation, MWED will consider funding the project from only MWED fund sources. Startups, expansions, we want to help get the deal done.

 

Flexible Loan Structure

 

MWED works closely with borrowers, providing terms that support the finance needs for the project and the borrowers. We help create business success stories.

Standard Application Process

We will ask you to submit a loan application and the supporting documentation. The supporting documentation includes cash flow projections, historical tax returns, and a business plan.

MicroBusiness
Loans

 

Montana West Economic Development is a Certified MicroBusiness Development Corporation through the Montana Department of Commerce.

Loan and Financial Resources

Tips For Getting Your Business Funded
Business Plan
Outline
Free Credit
Reports
MWED Loan
Application
Lending Program Quick
Reference Guide
Cash Flow
Analysis Template
Source Uses
Template
Profit & Loss
Template

Frequently Asked Questions

Property acquisition, construction, equipment, and working capital.
Flathead, Lincoln, Lake and Sanders counties.
  • The amount of our business loans range from $25,000 to $500,000.
  • The amortization ranges from 3 to 20 years, but we typically balloon the loan within 5 or 10 years for review purposes.
  • Interest rates are assessed on risk and economic benefit at a fixed competitive interest rates with no pre-payment penalties.
  • Loan origination fee and closing costs apply.
  • We accept real estate, business equipment, and certain personal property as collateral. A first lien position is not required.
  • Guarantees of the principals are required.
The typical turn-around time is less than 30 days.