History
Since 1995, Lake County Community Development Corporation has managed a Revolving Loan Fund (RLF) for economic development purposes. The RLF houses a community-based pool of funds that assists businesses through providing access to long and intermediate term capital, as well as gap financing.
Lake County Community Development Corporation’s RLF assists the local business economy by providing technical business assistance and lending money to small businesses in those rural areas where LCCDC does business, which includes Lake County, the Flathead Indian Reservation, Mineral and Sanders Counties.
The goal of the Business Financing program and RLF is not as a traditional lender, but rather, to promote job growth in the local community and provide gap financing, with an emphasis of creating sustainable community assets and stable bank clients. Therefore, partnership with banks, credit unions and Tribal credit on any loan package is encouraged.
To complement the RLF program, LCCDC maintains a Business Development Center, the Mission Mountain Business Incubator that assists businesses in planning, developing workforce training programs, and developing tools they need to effectively manage a successful business, as well as the Mission Mountain Food Enterprise Center for those businesses seeking assistance in value-added food production.
