Intermediary Relending Program (IRP)
Description
Designed to promote small business enterprises that will hire or retain employees in rural areas. Eligible borrowers include qualified business or community development project. Use of Funds
Working capital; Furniture; Fixtures & Equipment; Land & Building Purchases; Revolving Lines of Credit. Financing Methods
Headwaters RC&D Area, Inc. provides direct funding of IRP loans upon approval by USDA Rural Development. Qualification
Applicants must be located within Headwaters eight county Economic Development District and in unincorporated areas or in a city or town with a population of 25,000 or less. Butte-Silver Bow qualifies. Loan Amounts
Maximum loan amount is $150,000 Term of Loan
Working Capital: 5 - 7 years
Equipment: 10 Years Maximum (based on life of equipment)
Land/Buildings (Purchase): 15-20 Years Interest Rate (Subject to Change)
6% Interest Rate. Fees (Subject to Change)
Loan Fee: 2% of loan amount.
Collateral
Available Business and Personal Assets. Equity & Matching Funds Requirements
Equity: 10% Minimum
Matching Funds: Minimum of 25% of Total Project. Back to Loan Program Home Page | 
