Administrative Rules of Montana
Department 8 - COMMERCE
Chapter 8.99 - MONTANA OFFICE OF TOURISM AND BUSINESS DEVELOPMENT DIVISION
Subchapter 8.99.4 - Microbusiness Advisory Council
Rule 8.99.404 - CERTIFICATION OF MICROBUSINESS DEVELOPMENT CORPORATIONS
Universal Citation: MT Admin Rules 8.99.404
Current through Register Vol. 18, September 20, 2024
(1) The following information is required to be presented to the department by applicants for certification as a MBDC:
(a) A plan for delivery of management
training and technical assistance.
(b) A plan for credit investigation and
analysis, and loan analysis of microbusiness loan applicants.
(c) A plan for and evidence of ability to
administer a revolving loan fund.
(d) A staffing plan including job titles, job
descriptions, necessary qualifications, experience, education and other
qualifications of primary manager, and personnel training and
supervision.
(e) Evidence of
broad-based community support, to include letters of support from persons and
institutions throughout the region.
(f) Evidence of matching loan funds in the
ratio of $1 for every $6 of development loan funds requested.
(g) Evidence of sufficient operating income
generated from the proposed revolving loan fund and/or provided from other
income sources of the applicant to ensure the successful operation and
management of the revolving loan fund.
(h) Evidence of adequate business clients to
include, but not be limited to, a plan for identifying, qualifying and
marketing to potential borrowers throughout the region to be served.
(i) A plan for marketing to specific groups
including at least, but not limited to, minorities, women and low-income
persons.
(j) Evidence that the
proposing organization is a nonprofit corporation organized and existing under
the laws of the state of Montana.
(k) the department may require such
additional information as the department in its discretion deems to be
appropriate.
(2) The procedures for selection of certification of MBDC are as follows:
(a) The department will provide a written
certification application guide to any interested individuals or
organizations.
(b) The department
will review proposals and determine whether to recommend certification of the
MBDC. The proposal and staff's recommendation will be forwarded to the
department director for a decision on certification.
(3) An application for certification as a statewide MBDC shall also be required to provide evidence that it will serve a specialized population or specialized need and that its services do not duplicate services offered by existing "funded" regional certified MBDCs.
(4) To maintain its status as a certified MBDC, a MBDC must be reviewed and recertified every four years.
17-6-406, MCA; IMP, 17-6-408, MCA;
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