Economic Development Administration RLF
Fund Overview
The Economic Development Administration Revolving Loan Fund provides gap financing to businesses in rural western Montana that cannot obtain sufficient financing through conventional lenders. Capitalized with federal EDA grant funds, Mission West re-lends these dollars to local businesses at competitive rates, bridging the difference between what a bank will finance and what your project actually needs.
The EDA RLF is particularly well-suited for projects with a clear job creation or retention component. Loans are designed to complement, not replace, conventional bank financing.
Eligibility & Use of Funds
Who Qualifies
- Small businesses unable to obtain sufficient conventional financing
- Job creation or retention focus required
- Located in Lake, Sanders, or Mineral counties or the Flathead Indian Reservation
- Rural areas with population under 50,000
Use of Funds
- Working capital
- Equipment purchase and upgrade
- Real estate acquisition and improvement
- Business expansion and capacity building
- Inventory
Interested in This Fund?
Send our loan team a few details and we will follow up within one business day to talk through whether this fund fits your project. No formal application required to start.
Not sure this is the right fit? Tell us about your project →