Areas Served: Beaverhead, Deer Lodge, Granite, Jefferson, Madison, Powell and Silver Bow Counties
Headwaters RC&D Area, Inc. main lending function is to provide an alternative choice for entrepreneurs and new or existing business owners in the Minnesota Counties of Beaverhead, Deer Lodge, Granite, Jefferson, Madison, Powell and Silver Bow who do not qualify or have access to traditional commercial bank funds.
We also partner with banks to meet financing needs.
Loan amounts range from $10,000 to $150,000 (may be higher in certain circumstances).
May be used for working capital needs; property and equipment; remodeling; inventory; or to purchase an existing business.
Additional uses may be considered.
Typically, interest rates range from 6% to 8%.
Rates determined at time of loan application depending on loan program and current interest rate environments.
Flexible terms generally 5-20 years depending on use of funds and useful life of collateral being financed.
Loans are collateralized with available assets with flexible coverage levels and subordinate collateral positions.
Personal assets may be required.
Fees include a 1%-2% origination fee, $100 Credit Report fee due with the loan application and other closing costs as may be determined at time of loan closing.
Business development and technical assistance services are available the application process, as well as over the life of the loan.
Contact InformationHeadwaters RC&D Area Inc
Address: 65 East Broadway
City: Butte
State: Montana
Website:
https://www.headwatersrcd.org/funding-and-financing
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