Community Development Block Grant
Economic Development Revolving Loan Fund
If your small business is having problems financing an expansion or major equipment purchase, we may be able to help. The City of Livingston has partnered with the Prospera Business Network for the operation of the City of Livingston's economic development loan funds. Financing is available for businesses located in and around Livingston for new, relocating or expanding businesses. The City and the Prospera partner with area banks for business projects that create and retain employment. Both private sector businesses and non-profit entities are eligible for funding. Typical eligible business activities are land acquisition, construction, rehabilitation of commercial and industrial facilities, equipment, inventory or working capital. Typical loans are between $10,000 and $200,000. Loan terms are consistent with the projected use of funds and interest rates range from 5% to prime plus 1.5%.
For more information on our loan program, contact the Prospera Business Network at 406-587-3113, email Stuart R. Leidner at firstname.lastname@example.org , visit the Prospera web-site at www.prosperabusinessnetwork.org or contact the Office of City Manager at email@example.com
Additional information about CDBG-Economic Development Revolving Loan Funds may also be found at http://businessresources.mt.gov/BRD_CRDC.asp
The Prospera Economic Profile of Gallatin and Park Counties, Montana, is widely recognized as the leading business development report in the area. To purchase a copy click here.