GFDA Top Ten for 11-12-23

Often times there is a portion of a project that a lender cannot finance and the borrower cannot fund. This is where GFDA financing may be available to help fill that gap. We closed a loan in the amount of $1,750,00 to help fill the gap on expansion of a fully integrated meat processing facility. Old Salt Co-op will operate several entities that will allow them to raise, process, serve and showcase their Montana-grown meat through several direct-to-consumer outlets including a restaurant and butcher shop in Helena. This will be a tremendous help to the ranchers in our region. Special thanks to Steward Lending LLC for their determination and commitment to this project and to USDA for their guidance. Does your project have a financing gap? Please reach out to Jill Kohles at 1-406-590-1056 or [email protected] to discuss your options.

3) Great Falls College MSU unveiled the newly renovated student Weaver Library designed for greater student collaboration. Congratulations! Congratulations to Nitro Creamery ice cream shop in Great Falls on their grand opening this week; see KRTV.

4) We closed a $100,000 permanent working capital loan to Little Shell Pet Products LLC to help them expand their primary sector manufacturing business. GFDA participated with the Montana State Small Business Initiative (SSBCI 2.0) program that helped provide a lower interest rate on 50% of the funding. If you have a business startup or expansion planned that could benefit from a SSBCI 2.0 loan participation, contact Jill at [email protected] or 1-406-590-1056. Funds are very limited and will be on a first come first served basis.

13 More….