Browse Ambrook’s collection of funding programs by Montana Board of Investments

Through the Approved Lender only: lender submits the Loan Reservation Form (fee 0.25% of BOI participation; locks rate and reserves funds one year) then the Application Form; BOI completes a full underwriting credit review. Forms at mt.accessgov.com/boi. Lenders not yet approved use the Lender Approval Form page.

Deadline text on the page: No deadline; rates reposted weekly ('Interest rates effective for a one (1) week period, will be updated each Thursday'). Rate sheet in hand: September 3, 2026 through September 9, 2026.

Montana Board of Investments

Doug Hill

Director of Commercial Loans

BOI buys up to 80% of a fixed-rate business loan originated by an Approved Lender (bank/credit union) to a Montana business; terms up to 25 years, or 30 years when federally guaranteed. The weekly rate sheet explicitly prices FSA-guaranteed loans, so farm and ranch borrowers can reach it through an FSA-guaranteed bank loan.



Montana businesses borrowing from a BOI Approved Lender; 'BOI does not lend directly to businesses. Only Approved Lenders may submit loan reservation and loan application forms.' Policy 70.720 ineligible loans: substandard/classified loans, loans to trusts, land development or speculative ventures, borrowers with felony charges or bankruptcy, revolving lines of credit / working capital / operating money, delinquent taxes. Loans must cash-flow at 1.25x debt service; Montana-labor preference and prevailing wage on construction.

A payment that must be returned to the provider following specified terms of repayment and interest rate.

Loan

Fixed rate up to 25 yrs (30 yrs with federal guarantee); BOI share 80% at LTV ≤75% (70%/60%/50% at higher LTV, or 75/70/65% at +0.25/0.50/0.75%); 0.25% reservation fee (refundable if rejected); job-creation rate reduction up to 2.50%; 0.50% small-loan incentive; first lien shared pro rata with lender; personal guarantees as required.

Published amounts: No published min/max; 'Maximum BOI participation is 80% of lender loan if the loan-to-value is 75% or less.' Policy 70.720: max to any borrower = 10% of the Permanent Coal Tax Trust book value. Rate sheet 9/3/26: conventional 6.729% (5 yr) to 7.942% (25 yr); Fed Guaranteed (SBA, RBS, FSA, BIA) 6.329% (5 yr) to 7.962% (30 yr); 0.50% reduction for aggregate loans under $674,960; up to 2.50% job-creation reduction.

Approved Lender completes and submits the Application form at https://mt.accessgov.com/boi/Forms/Page/in-state-loan-programs/value-added-app ; BOI completes a full underwriting credit review; lender has one year to close and fund.

Deadline text on the page: No deadline; 'Fees to reserve funds or lock interest rates are not required. Reservation is considered effective upon receipt of application.' (Policy 70.740)

Subsidized 15-year loans (via Approved Lenders, BOI takes 75%) for Montana businesses that mechanically, physically or chemically transform materials into new products and create or retain at least 10 jobs. Policy 70.740's eligibility table says Farming, Ranching, Orchards and Crop Harvesting are NOT eligible, while Dairies, Cattle Feed Lots, Meat Processing Plants, Grain Milling and Processing, Wineries, Sugar Refineries and Wholesale Plant Nurseries ARE.



Montana 'Value-Added' business creating or retaining ≥10 jobs; borrower equity ≥25% of total loan; loan ≤75% LTV; no bonuses/dividends while loan outstanding; annual audited financials. Eligible ag examples: Wholesale Plant Nurseries, Wholesale Bakeries, Sugar Refinery, Cattle Feed Lots, Dairies, Winery, Meat Processing Plants, Grain Milling and Processing. Not eligible: Farming, Ranching, Orchards, Crop Harvesting, Landscaping, Retail Plant Nurseries, Christmas Tree Farms, Logging.

Max 15-year term incl. construction; BOI 75% / lender 25%; lender may charge prime (6%–12% floor/ceiling) and a 0.5% annual service fee on participated portion; job-credit and small-business rate reductions NOT available; no prepayment penalty.

Published amounts: Minimum loan size of $250,000. Maximum BOI participation is 75% of Lender loan; max Board share = 1% of the Permanent Coal Tax Trust (Policy 70.740). Rates: 10-14 jobs → 4% for five years; 15+ jobs → 2% for five years; 6% for the second five years; BOI posted rate thereafter, not to exceed 10%.

List of Montana Board of Investments Funding Opportunities