Areas Served: Statewide Minnesota
The Bootstrap Montana Loan Program creates jobs in rural Montana by providing Montana entrepreneurs with 0% loans for projects which will provide fast return on investment.
Funds are targeted for projects that have a direct effect on increasing sales.
The program increases the level of employment in the state, brings new sales revenue into the state and increases the competitiveness of Montana companies.
The Bootstrap Montana Loan Program is designed to provide funds for initiatives that will have a rapid and positive impact on sales or the competitiveness of a company.
These loans are for marketing and sales related activities.
Such uses of funds might be: – To supplement the salary of a new high potential salesperson – To attend a trade show at which orders will be taken – To purchase key prospect lists Companies applying for funds under this loan program must meet the following criteria: – Company must be selling products or services primarily outside of Montana (and thus bringing net new money into the state).
Use of funds must be targeted at generating revenue from out-of-state clients, customers, or businesses.
– Company must show revenue from its primary line of business in the past year.
Bootstrap Montana loan funds are not available to new start-ups.
– Company must be incorporated as either a C-Corporation, S-Corporation, or Limited Liability Corporation.
– Company must be headquartered in Montana with more than 50% of its employees located within Montana.
– Company must provide a letter of recommendation from someone in the local community preferably the company’s banker, legal counsel, or CPA.
– 51% of the ownership of the company must be in the hands of legal US citizens.
– Applicant must be a Senior Company Official, be at least 18 years of age, and have been a resident of Montana for the past 3 years.
– Company or Applicant must not have a history of bankruptcy.
Contact InformationBootstrap Montana
Address: PO Box 6220
City: Bozerman
State: Montana
Website:
http://bootstrapmontana.com/index.php
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