The Montana and Idaho Community Development Corporation – Nonprofit plays behind-the-scenes role in Bozeman development

When Abby Hetherington first decided to start her interior decoration business the Architect’s Wife in downtown Bozeman, she knew she needed money.

But low on equity and without a lengthy history with her bank, Hetherington did not qualify for a loan. Her banker, however, offered another solution: taking a loan from a regional nonprofit, the Montana and Idaho Community Development Corporation https://mtcdc.org/ , designed to lend to entrepreneurs and startups that don’t qualify for traditional borrowing.

After several counseling sessions with the organization’s Bozeman office, Hetherington got a loan that kick-started her Babcock Street business.

By Lewis Kendall Chronicle Staff Writer

Full Story: http://www.bozemandailychronicle.com/news/economy/nonprofit-plays-behind-the-scenes-role-in-bozeman-development/article_33031455-2308-50a7-9485-05e02f3dec5b.html