Bootstrap Montana Successfully Issued Nine Awards in Its Inaugural Year
The Bootstrap Montana Loan Program is entering its 3rd year of establishment. The program, designed to provide funds to rural Montana entrepreneurs with initiatives that will have a rapid and positive impact on the sales or the competitiveness of a company, has awarded 16 loans across Montana. Several first-round recipients were able to pay off their loan and successfully apply for 2nd and some companies even a 3rd loan. Loan recipients are:
Foundant Technologies
Great Northern Cattle Company
Kim Loftus Tile
Microphone Pro
Montana Horse Directory
Montana Stones
Poland Culinary Vacations
Sunrise Pack Station
The Healthy Pantry
The Myrtle Leaf
Roughstock Distillery
Magpie Design
Testimonials from Recipients
Derek Kampfe, Great Northern Cattle Co.:
"Bootstrap Montana offers a unique opportunity for startup or growing companies to tap into unconventional financing which can be the key catalyst to move them into more conventional financing. Bootstrap Montana comes with a built-in network of finance, consulting and advising mentors and contacts across the state. It is a welcome, needed program and has provided targeted growth capital to move my business to the next level."
Daren Nordhagen, Foundant Technologies:
"Hiring experienced, high-tech sales representatives is an expensive and risky proposition for start-up companies. Our Bootstrap Montana loan has allowed us to hire two extremely experienced representatives that we would have otherwise not been able to afford. The loan allows us to cover the cost of the new hires until they ramp and generate incremental revenue to offset their compensation plans. The team at Bootstrap Montana is knowledgeable and easy to work with while the loan process is very reasonable considering the generous terms."
Shane McClaflin, Sunrise Pack Station:
"The folks at TechRanch in conjunction with Bootstrap Montana have been great to work with and have really helped us in our endeavors to make our small business work in Montana."