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GFDA Top Fifteen for 6-9-24

GFDA

1.GFDA closed two loans this week to high mission businesses. The first was a $270,000 working capital loan to Ski-Lift, Inc dba Showdown Montana. We were able to help the client secure the necessary funds while utilizing the State Small Business Credit Initiative 2.0 (SSBCI 2.0) low interest rate funding. We also were able to use SSBCI 2.0 funds to help gap the financing need for Robyn’s Nest Daycare by closing a $550,000 loan for construction costs.  Robyn will be able to renovate her newly acquired property for the expansion of her childcare facility, adding up to 100 additional childcare slots in Great Falls.  Special thanks to Erin Townsend, from Bravera Bank, for her advocacy and commitment to Robyn and the childcare needs in the region. If your business needs assistance with financing to start, grow or innovate please contact Jill Kohles at 1-406-590-1056 or [email protected].

2.GFDA’s Board adopted updates to our Economic Development Strategy. The new 2024-2026 strategy retains our four focus areas of People, Place, Opportunities, and Team as well as the 19 priorities under these focus areas. The specific actions KPI’s under each action were updated, increasing actions from 49 in last year’s strategy to 60 in the updated strategy. Click here to see the revised draft.

 

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