Main Local Economy Information in Montana
Montana’s economy is driven by agriculture, mining, and tourism. Key sectors include cattle ranching, wheat farming, and significant coal and hard rock mining operations. The state is also known for its outdoor recreational industries.
Your Montana and Local Small Business Funding Guide
Montana offers financial incentives including state-sponsored grants for agriculture, low-interest loans for tourism businesses, and tax incentives for energy conservation and mining operations.
Small Businesses in Montana
Small businesses in Montana often thrive on the state’s natural resources and tourism appeal. The state provides support through development programs and a network of local business centers.
Documents Needed to Get a Small Business Loan in Montana
- Business plan reflecting market and sector-specific insights
- Historical financial statements and future projections
- Personal and business tax returns
- Proof of business registration and applicable licenses in Montana
- Credit reports for both business and personal finances
Montana Department of Commerce: Key Functions and Contact Information
Website URL: Montana Department of Commerce
Phone: [406-841-2700]
Address: 301 South Park Ave, Helena, MT 59601
Local Resources in Montana
The Montana Small Business Development Center (SBDC) offers training, financing guidance, and business planning support tailored to the unique needs of Montana’s industries.
How to be Successful with Business Funding in Montana
Businesses in Montana should focus on aligning their strategies with state economic priorities like agriculture, mining, and tourism. Building strong local connections and utilizing state resources are key for funding success.
SBA Resources in Montana
The SBA provides Montana small businesses with access to loans, mentoring, and training programs that are especially beneficial for businesses involved in primary sectors and small-scale manufacturing.