10 Business Funding Resources for Women in Montana

January 16, 2024 Kassi Strong

10 Business Funding Resources for Women in Montana

All debt is bad debt. Does that phrase sound like something you heard growing up? Or maybe it sounds like something you have thought to yourself over these past few years as you continue to work your day job as you bootstrap your business on the side?  

Contrary to what many of us hard-working Montana women learned growing up, not all debt is bad debt. There’s a safe (and dare I say smart) way to borrow money for your business. Depending on your needs, current financial status, and business plan, there are many different funding resources in Montana. 

At Rocky Mountain WBC, we challenge the notion that all debt is bad debt and are committed to guiding you toward smart and strategic funding solutions. Keep reading to discover some of the diverse funding resources available to women in Montana. 

WBC Jan 2024 Blog list of funding resources
  1. Local Bank Financing for Women in Montana

When embarking on your funding journey, your local bank stands as a trusted ally. Explore business loans customized for entrepreneurs with competitive interest rates and personalized services. Schedule a meeting with your local bank representative to align your business goals with tailored financial support. 

  1. Credit Union Business Loans in Montana

Benefit from the community-focused and personalized services offered by credit unions. Montana's women entrepreneurs can access business loans with favorable terms. Connect with your local credit union to discuss financing options designed to suit your business needs. 

  1. Local CDFI Support for Women-Owned Businesses

Discover the offerings of your local Community Development Financial Institution (CDFI) dedicated to supporting local businesses and underserved communities. Uncover targeted funding programs designed for women-owned businesses in Montana, with a focus on community impact and sustainable growth. 

  1. Friends and Family Investments

Consider reaching out to your closest allies for reliable business support. Engage in discussions with friends and family members who may be willing to invest in your venture. Establish clear expectations and terms to nurture a healthy relationship while securing essential funding. 

  1. Angel Investors for Montana Women-Led Businesses

Montana boasts a growing community of angel investors keen on supporting women-led businesses. Connect with local angel investor networks to present your business, forging potential partnerships that extend beyond financial support. Frontier Angels is one example of a Montana-based angel investing network. 

  1. SBA Loans Tailored for Women Entrepreneurs

Explore various loan programs offered by the U.S. Small Business Administration (SBA) specifically designed to assist small businesses. Navigate eligibility criteria and application processes on the SBA website. 

  1. Crowdfunding Platforms for Montana Women Entrepreneurs

Tap into the power of crowdfunding platforms to access alternative funding avenues. Craft a compelling campaign on popular crowdfunding websites, engaging a broad audience to support your business story and goals. Rally your network and beyond to secure valuable funding contributions. Crowdfund Montana is a local crowdfunding platform you might want to explore if you’re interested in this type of investment. 

  1. Grants for Women-Owned Businesses in Montana

Explore non-repayable funds through grants available for women-owned businesses in Montana. Grants can be hard to find for for-profit businesses, but it is possible. At the time of writing this article, Verizon is offering grant funds to qualifying businesses who complete their Digital Ready online trainings 

  1. Fundid: Montana-Based Funding Platform

Discover Fundid, a platform founded in Montana that connects entrepreneurs with loans, credit cards, grants, and other funding and growth resources.  

  1. MoFi: Financial Solutions for Montana Businesses

Investigate MoFi, offering financial solutions tailored to disadvantaged entrepreneurs and business owners. Connect with MoFi to explore financing options aligned with your business goals. 

Ready to explore how strategic debt can fuel the growth of YOUR business in a safe and smart way? Fill out this form to schedule a meeting with an RM WBC Business Advisor and embark on a journey to elevate your business to new heights. 

Share This: