Prospera Loan Program
Funding Amount
Up to $400,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Prospera Loan Program
Overview: The Prospera Loan Program offers flexible financing solutions tailored to entrepreneurs and community projects to help local businesses launch, expand, and succeed.
- Maximum Loan Amount: Up to $400,000
- Interest Rate: Fixed interest
- Closing Fee: 2%
- Prepayment Penalty: None
- Equity & Collateral Requirements: Lower than traditional lenders
Funding Details
- 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
Eligible Uses
- 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
Loan Terms & Benefits
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.- Montana (focus on local community-driven success)
Geographic Scope
- 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
Contact Information
How to Apply
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
- 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
Required Information
The application form requests:Focus Areas & Funding Uses
Fields of Work
Categories
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