The MBOI Montana Loan Deferment Program has been recently established as part of The CARES Act (Coronavirus Aid, Relief, and Economic Security Act), a law intended to defray some of the negative economic impacts due to the COVID-19 pandemic in the United States. The Loan Deferment Program was set up to assist eligible Montana businesses who have suffered more than a 15% reduction of gross revenues due to COVID-19. For more information and eligibility guidelines please click the link MBOI Loan Deferment Program Continuing Guidance. The Montana Working Capital Program is designed to aid Montana businesses impacted by the COVID-19 pandemic. Businesses are eligible for grant funds to support working capital loans from eligible lenders. For more information please click the link Montana Working Capital Program Continuing Guidance. Montana Loan Deferment Programs October 28, 2020 Deferred Payment Program Hospitality and Capital Assistance Program Totals Total Number of Applications Received 1,434 75 1,509 Total Number of Approved Applications 1,286 75 1,361 Applications Under Review 2 - - Sum of Funds Requested $ 34,076,335.49 $ 16,666,340.85 $ 50,742,676.34 Total Funds Awarded to Applicants $ 30,094,739.79 $ 16,666,340.85 $ 46,761,080.64 Total Financial Benefit to the Borrower $ 103,789,304.02 $ 37,085,116.46 $ 140,874,420.48 Montana Working Capital Program October 28, 2020 Number of applications received 213 Approved Applications 108 Requested Funds $ 23,960,010.82 Total Funds Awarded to Applicants $ 12,632,789.08 Total Financial Benefit to the Borrower $ 36,890,862.66 Montana Board of Investments Annual Report The Fiscal Year 2019 Annual Report was posted to this website for public access on December 30, 2019. It is also available in print by request. Karl J. Englund, Board Chair The Board's Three Missions and its Short Term Investment Pool (STIP)
By law, the Board administers the Unified Investments Program required by the Montana Constitution. With very few exceptions, all money is invested by the Board.
As a component of the State's overall economic development efforts, the Board administers various loan and infrastructure programs for new and expanding businesses.
The INTERCAP program provides low-interest loans for a wide variety of needs to Montana local governments.
The Board's Short Term Investment Pool is a highly liquid investment fund available to state and local governments to serve their short term cash flow and deposit needs.
Feedback, suggestions, or questions are welcome and can be directed to: Dan Villa Executive Director dvilla@mt.gov
