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$3.3 Million of Revolving Loan Funds Available for Montana Wood Products Businesses

April 17, 2015View for printing

Ongoing success of businesses currently in the loan portfolio allows funds to be available for new loans

The Montana Department of Commerce has over $3 million available in state and federal loan funds to assist wood product and wood processing businesses that have suffered or are suffering economic hardships.

The Department administers two different revolving loan funds, one funded by the State of Montana and one by the US Department of Commerce - Economic Development Administration.

State Wood Products Funds Available - $1,888,000

EDA Wood Products Funds Available - $1,446,000

The Wood Products Revolving Loan Fund Programs provide a long-term affordable lending tool to assist businesses in retaining or creating jobs providing a long-term economic benefit to the state of Montana.

For more information about the Wood Products RLF Program and how to apply for a loan, please contact Carolyn Jones, Section Manager:

(406) 841-2594 or http://www.wprlf.mt.gov

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