U.S. Department of Agriculture
Part of the U.S. Department of Agriculture, USDA Rural Development provides financing for small businesses in predominantly rural areas of Montana and across the nation.
In addition to working with individual businesses, USDA Rural Development financial programs support essential public facilities and services in rural areas — including water and sewer systems, housing, health clinics, emergency service facilities and electric and telephone service. Its offices aid economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools. Technical assistance and information resources help agricultural producers and cooperatives get started and improve the effectiveness of their operations. And, USDA offices provide technical assistance to help communities undertake community empowerment programs.
There are three major focus areas for financial investment: housing, community and business programs.
USDA Rural Development business programs work in partnership with the private sector and with community-based organizations to provide financial assistance and business planning. Recipients include individuals, corporations, partnerships, cooperatives, public bodies, nonprofit corporations, Indian tribes and private companies. Eligibility varies depending on location, population and a number of other factors, so please contact the nearest Rural Development office with any questions.
Offices are located in Missoula, Bozeman, Billings, Great Falls, Kalispell and Helena.
Programs offered through the Business & Cooperatives division include:
- Business and Industry Guaranteed Loan Program.
- Rural Microentrepreneur Assistance Program.
- Intermediary Relending Program.
- Rural Business Enterprise Grant Program.
- Rural Business Opportunity Grant Program.
- Biorefinery Assistance Program Biorefinery Assistance Loan Guarantees.
- Bioenergy Program for Advanced Biofuels Payments to Advanced Biofuel Producers.
- Repowering Assistance Program.
- Rural Economic Development Loan and Grant.
- Rural Energy for America Program.
– Energy Audit Grants & Renewable Energy Development Assistance
– Renewable Energy Systems Grants & Energy Efficiency Improvement Grants
– Feasibility Study Grants
– Guaranteed Loan Program
- Value Added Producer Grant.
- Rural Cooperative Development Grant Program.
In addition, USDA Rural Development compiled a guide for financing a local business. This document is available online.
Nationally, USDA Rural Development has a $155 billion portfolio of loans and will administer $20 billion in loans, loan guarantees and grants in the current fiscal year.
Please call 406.829.3354 extension 4 for additional information.
Find USDA Rural Development online at http://www.rurdev.usda.gov/MT_offices.html.
The Missoula office is located at 3550 Mullan Road, Suite 106.