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Montana SBA April E-News

The Montana SBA has several reasons to celebrate!

Fiscal Year 2010 is officially half over and the Montana District
Office has approved 345 loans totaling $59,147,300. Of these loans, 327 totaling $51,998,300, were approved
under SBA’s flagship 7(a) guaranteed loan program, and eighteen loans totaling $7,149,000, were made through the
504 Certified Development Company Program. This is a 117% increase in number of loans and 121% in dollar volume
compared to the same time last year. Much of this is due to the incentives being offered to small business borrowers
and lenders through the passage of the American Reinvestment & Recovery Act.

This is a great time for borrowers
and lenders alike. Many small businesses in Montana have taken advantage of these temporary changes in
order to sustain and also grow their businesses.
Our Small Business Week awards ceremony will be held June 2 at Gallatin Gateway Inn where we will honor our small
business and advocate award winners. A list of the winners is included on page 3. Please plan to join us at this event
where we will pay tribute to the honorees. http://www.matr.net/files/MontanaSBA-Invites-PDFInvite.Registration.pdf

And….the Montana District Office will be welcoming a new addition to our team on April 20. Tom White will be joining
us as a Lender Relations Specialist (LRS). Tom comes to us from the West Virginia SBA District Office where he has
served as the LRS for the past couple of years. Prior to joining the SBA, he served as a commercial lender for many
years. We foresee a smooth transition and welcome Tom to Montana, who we know will be a great addition. In the
next couple of months, I will be traveling with Tom to get him acquainted with you and the state!

If you have any questions or suggestions, or would like to have SBA come to your area, do not hesitate to call me or
any of the staff.

Michelle Johnston,
District Director

(406) 441-1080

[email protected]

Full Newsletter: http://www.matr.net/files/MontanaSBANewsletter-2010-April2010.pdf

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