GNDC Receives $550,000 For Business Lending
Great Northern Development Corporation has announced that it has been awarded a $550,000 grant from the U.S. Treasury’s Community Development Financial Institutions Fund as part of the CDFI Financial Assistance program. This grant will bolster GNDC’s efforts to provide critical lending services to small businesses across northeastern Montana.
The CDFI Fund’s Financial Assistance program is highly competitive at the national level, and GNDC’s selection as a recipient highlights the exceptional quality and impact of its services in the region. These funds will help support GNDC’s mission of fostering economic development and growth through access to financial resources, technical assistance, and personalized support for businesses in economically underserved areas.
The award will enhance lending capabilities, promote entrepreneurship, and drive community revitalization in this rural area of the state. To learn more about the CDFI Fund and its programs, please visit www. cdfifund.gov .
GNDC serves six counties in northeastern Montana including Valley, Daniels, Sheridan, Roosevelt, Garfield and McCone. It focuses on providing small business loans and technical assistance to ensure that businesses in the region have the tools they need to succeed Tori Matejovsky, executive director of GNDC, expressed her excitement, “This grant is a huge win for GNDC and the communities we serve. It will allow us to expand our support for local businesses and help them thrive.”
The funds will expand GNDC’s lending portfolio, helping small businesses across northeastern Montana access the capital they need to launch, grow, and succeed. Whether through gap financing, working capital, or other tailored financial solutions, GNDC is committed to supporting the local business community and strengthening the region’s economy.
For more information about Great Northern Development Corporation and its small business lending services, visit www.gndc. org or contact the GNDC office at 406-653-2590.
(Photo by Bill Vander Weele)
