Administrative Rules of Montana
Department 4 - AGRICULTURE
Chapter 4.16 - MONTANA AGRICULTURE DEVELOPMENT COUNCIL
Subchapter 4.16.5 - Loan Programs
Rule 4.16.503 - APPLICATION FOR GRANTS AND LOANS
Universal Citation: MT Admin Rules 4.16.503
Current through Register Vol. 6, March 22, 2024
(1) In order to apply for a grant or loan, an applicant must:
(a) Complete the application form. If seeking
a grant, complete the grant eligibility portion of the application.
(b) Provide a credit report for all parties
seeking the loan or grant. If a credit report is not available, an exception to
this requirement must be sought.
(c) Provide a current cash flow statement and
projected cash flow statements for the business for the next three years at a
minimum. Any assumptions used to create this cash flow statement must be
included.
(d) Provide a current and
projected balance sheet for the business. Any assumptions used to create this
balance sheet statement must be included.
(e) Have on file with the Secretary of State
all paperwork (if any) required to do business in Montana under the name
seeking the grant or loan.
(2) Applicants are encouraged to have a professional business plan.
90-9-203, MCA; IMP, 90-9-203, MCA;
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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