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Montana Community Development Corp.

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Description

Montana Community Development Corp. offers comprehensive SBA lending services designed to support small businesses in the Missoula area. With a focus on fostering local economic growth, this institution provides various loan options, including SBA 7(a) and 504 programs, to help entrepreneurs secure the capital they need. Their team is dedicated to guiding clients through the application process, ensuring access to funding for startups, expansions, and other business needs. Located at 229 East Main Street, they serve a diverse range of industries, emphasizing community development and small business success. Whether you’re seeking a loan for equipment, real estate, or working capital, Montana CDC is committed to providing personalized financial solutions tailored to your business goals. Their experienced staff works closely with clients to navigate the complexities of SBA programs, making it easier for small businesses to thrive in Montana’s competitive market.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a community development financial institution that offers SBA loan programs to support small businesses in Montana. You can find assistance with funding options, application guidance, and personalized support for your business growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 AM to 5 PM, Monday through Friday, but it"s best to call ahead for specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and application fees may apply depending on the service or loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners in Montana, regardless of residency, provided they meet the SBA loan eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, but other factors such as business cash flow and collateral are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and loan complexity.
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