Bear Paw Development creates new $750,000 revolving loan fund

Bear Paw Development Corporation was recently awarded $600,000 in federal funds by the U.S. Economic Development Administration to capitalize a new revolving loan fund that will be available for businesses and prospective entrepreneurs in the organization’s five-county region of northern Montana. The funds were matched by $150,000 in local funds to create a $750,000 revolving loan fund to assist existing business owners and aspiring entrepreneurs with their start-up or expansion needs.

“This investment by the EDA, through a competitive process, validates the importance and necessity...