Cover photo for Montana Down Payment Assistance Program

Montana Down Payment Assistance Program

Montana Board of Investments

The objective of the Montana Down Payment Assistance Loan Program is to allow growing businesses to retain valuable working capital during the growth phase vs. depleting cash to fund down payments on necessary equipment or building purchases/expansions. There is $37 million available for the program.


  • Borrower must be an existing Montana-based business in good standing with no current outstanding State of Montana obligations.

  • Loan must be to an existing business which was operating on or before December 14, 2021, or an expanding business seeking to grow wages of existing employees, number of employees or net revenues and must lead to direct growth of the Montana economy.

  • Loan proceeds must be used for the purchase of equipment, real estate/building, real estate/building with improvements, and new construction.

  • Loans to purchase existing businesses are not eligible.

  • Non-Profits are not eligible.


  • Fixed rate financing up to 10 years with interest rates posted weekly

  • Minimum loan is $250,000 and maximum loan is $3,000,000

  • MBOI will provide a maximum of 30% of the loan to value and will be in a junior lien on the collateral

  • The Lender will provide a minimum of 65% of the loan to value and will be in a senior lien on the collateral

  • Business must provide at least 5% of the loan to value

Application Instructions

Apply directly online at this portal.


Financial Instrument


Updated March 22, 2024

Image Credit: Zac Edmonds

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