Prospera Loan Program

The Prospera Loan Program offers flexible financing solutions tailored to entrepreneurs and community projects to help local businesses launch, expand, and succeed.

Funding Details

• Maximum Loan Amount: Up to $400,000
• Interest Rate: Fixed interest
• Closing Fee: 2%
• Prepayment Penalty: None
• Equity & Collateral Requirements: Lower than traditional lenders

Eligible Uses

• Working capital to support day-to-day operations
• Equipment purchases to enhance business capabilities
• Real estate investments for business locations or expansions
• Build-outs and renovations to improve facilities
• Acquiring existing businesses
• Gap financing to secure bank, SBA, or other private loans

Loan Terms & Benefits

• Lower equity & collateral requirements make financing more accessible
• Flexible repayment structures designed to fit your business model
• Access to free business advising
• Fixed interest, 2% closing fee, no prepayment penalty
• Loan consideration based on business needs and financial viability

Eligibility

Eligibility is determined based on business needs, financial standing, and alignment with Prospera's mission to support local economic growth. Final loan decisions made by local loan committee.

Geographic Scope

• Montana (focus on local community-driven success)

Contact Information

• Phone: 406-587-3113
• Email: loans@prosperamt.org
• Address: 865 Technology Blvd, Ste A, Bozeman, MT 59718
• Hours: Mondays-Thursdays 8:30am-5pm, Fridays 8:30am-4pm
• Business advising appointments available outside scheduled hours upon request

Application Process

1. Complete Initial Form: Fill out the intake form to connect with the intake specialist
2. Free Business Advising: Receive complimentary business advising to:
   • Strengthen your business plan
   • Create financial projections
   • Explore funding options
   • Prepare for the loan process
3. Loan Consideration: Application reviewed based on business needs and financial viability
4. Committee Review: Final loan decisions made by local loan committee

Required Information

The application form requests:

• Full name
• Business name
• Email address
• Phone number
• Business registration status with Montana Secretary of State
• Current business revenue status
• Business description (3 sentences or less)
• Description of assistance needed
• Montana county of operation
• Preference for business advising outside regular hours
• How you heard about Prospera