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Linda Kindrick, Executive Director of the Montana Community Finance Corporation to retire effective April 30, 2016.

Montana Community Finance Corporation’s (MCFC) Board Chairman, Dustin Barber, of Opportunity Bank of Montana in Bozeman, announced today the retirement of Linda Kindrick, Executive Director, effective April 30, 2016.

"It has been a real blessing to serve this organization as well as the small businesses and lenders of the state of Montana for the past 11 years", said Linda Kindrick. "The opportunity has presented itself for me to retire and spend time with my family, near and far, and I am excited to take advantage of it. I know the organization remains in good hands with the current employees and board of directors while the search starts for a new Executive Director."

According to Dustin, "Linda has been instrumental in the achievements of MCFC over the past decade. Her leadership, dedication and expertise have helped incubate small business success across our great state, which serves as a pillar in Montana’s collective economic success. On behalf of the Board of Directors, we wish Linda the absolute best in her retirement and look forward to ushering her legacy into a new era of success at MCFC."

MCFC is a Certified Development Company (CDC) licensed and regulated by the U.S. Small Business Administration (SBA) to deliver the 504 Loan Program in Montana. The 504 Loan Program offers businesses long term, low down payment and fixed rate financing to buy or construct their building or purchase their large equipment. SBA created this financing package to stimulate private sector investment in real estate and/or large equipment which increases productivity, creates new jobs, and increases the local tax base. MCFC works in partnership with lenders to provide the financing.

During Linda’s tenure, MCFC has obtained SBA approval on 142 loans to Montana’s small businesses totaling $68,664,000. By partnering with lenders, these dollars have been leveraged and combined with borrower contributions and lender financing to support $190,027,018 in total project costs. Borrowers have used the funds to acquire buildings and equipment for their operations. According to data provided by the business owners, 746 new jobs have been created. Prior employment levels were reported at 2,016 for a total job impact of 2,762.

Sherry O’Donnell of MCFC will serve as Interim Executive Director while the Board searches for a new Executive Director. With Sherry’s vast experience and extensive knowledge about MCFC and the SBA 504 Loan Program, the company’s stability and continuity will continue to help businesses take the next step.

To learn more about the 504 program, check out their website at http://www.mtcommunityfinance.org. For those interested in applying for the position, email your letter of interest and resume to [email protected]

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