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Idaho loan fund set up for "nearly bankable" businesses by Missoula-based Montana & Idaho Community Development Corp. and Boise-based Capital Matrix

June 10, 2017 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Missoula-based Montana & Idaho Community Development Corp. https://mtcdc.org/ and Boise-based Capital Matrix http://www.capitalmatrix.org/ have set up a fund dedicated to loans for Idaho businesses.

Both nonprofits specialize in financing "nearly bankable" business that can’t get bank loans.

Capital Matrix supplied a $150,000 seed fund for Montana & Idaho CDC to establish an Idaho lending fund. Until now, Montana & Idaho CDC has funded Idaho businesses from the same program that covers loans in both states.

By: Teya Vitu

Full Story: http://idahobusinessreview.com/2017/06/09/idaho-loan-fund-set-up-for-nearly-bankable-businesses/

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