Business Assistance Available!

Pondera Regional Port Authority manages a Revolving Loan Fund which was created to stimulate the economy of Pondera County by making additional funds available for businesses that are seeking to start-up, expand, or relocate. The Port Authority works in cooperation with the local lending institutions.

Your first step should be to gather as much information as possible about your business including your plans and financial needs. You may be required to provide personal and business financial statements and balance sheet. Tax returns may be required as well as resumes of the business participants. Other items that may be required are lease agreements, buy /sell agreements, corporation papers, and a bank commitment letter.
All information is confidential.

Which Program Fits You?
Business Support Loans– activities that will strengthen your business and increase the likelihood of retaining or expanding the business within Pondera County. Activities may include preparation of business plans, market studies, project feasibility studies computerization/operational assistance.
Business Direct Loans- assistance to finance predetermined and documented business retention and/or expansion activities. Loan proceeds may be used for acquisition of building or site, site development , new construction, building renovation, equipment acquisition, or working capital.
Interest or Principal Buy Downs– assistance in the form of an interest or principal buy-down of a commercial loan. The proceeds of the commercial loan must be used for eligible activities as described in the guidelines.
Building Improvement– Applicants who own or intend to purchase a building within Pondera County Business /Commercial District may make a one time application for loan assistance to finance exterior renovation, signage, façade renovation or construction.

Loan requests are considered on a case by case basis with consideration of basic employment, promotion of public-private partnerships, the area's natural resource and agricultural values, and benefit to the community.

Pondera Regional Port Authority can help you develop your business plan.
The most important thing you can do for yourself and for your business is to develop a good business plan. The Pondera Regional Port Authority can assist you in doing this. A business plan lays out where the business is now, where you want it to go, and how you will make that happen. Once developed this will be the groundwork for your future decisions. Your business plan will address the financial needs and potential of your business. Contact us and let us help!