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Private Loan Program

Private Loan Program. Started is 1982 26.5 million in loans ($15.5 million outstanding) 315 loans (average $84,125) Max loan $200,000 (exception) Funded by sale of GO bonds. Renewable Resource Private Loan Program. Renewable Resource Private Loan Program Bond Capacity. Legislative changes.

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Private Loan Program

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  1. Private Loan Program • Started is 1982 • 26.5 million in loans ($15.5 million outstanding) • 315 loans (average $84,125) • Max loan $200,000 (exception) • Funded by sale of GO bonds

  2. Renewable Resource Private Loan Program

  3. Renewable ResourcePrivate Loan ProgramBond Capacity Legislative changes

  4. Remaining Bond Capacity

  5. Renewable Resource Private Loan Program

  6. Non Point Source Agriculture Loan-Recycled Loan Funds Wastewater State Revolving Program Turner  Dagmar   Chinook Galata  Valier   Culbertson Kalispell   Brockton  Conrad Poplar   Choteau  Ft. Benton Fairview Power  Sidney  Fairfield   Sun River Savage  Ft. Shaw  Augusta   Great Falls  Glendive  Cascade  Lewistown Wolf Creek Terry   Mosby  Fallon Hall   Melstone Helena  Martinsdale   Wht Sphr Spgs  Roundup  Deer Lodge  Two Dot  Miles City  Ringling  Forsyth  Toston  Three Forks  Cardwell Big Timber   Billings  Manhattan  Hardin Twin Bridges   Norris  Livingston  Sheridan  Joliet Boyd   Fromberg Dillon   Bridger Belfry  Dell  NPS Recycled Loans  Department of Natural Resources and Conservation August 30, 2014 Conservation and Resource Development Division

  7. Application • DNRC accepts applications anytime • Basic Information • Technical • Financial • Financial Statement • Cash Flow • Construction Budget • Environmental • Personal Information, type of entity

  8. Costs to Borrower • $150 nonrefundable application fee • Title Insurance • Administration Fee • Time to fill out the Application

  9. Turn around time • 10 days for an answer • 2 Months for $ • Title Insurance • Prepare loan documents • Internal review • Signing of loan documents • Recording of Mortgage

  10. Credit Analysis • Financial Statement • Current Ratio – Working Cap • Equity Ratio – Risk Taking Ability • Cash Flow • Positive or Negative

  11. Financial Statement

  12. Current Assets

  13. Fixed Assets

  14. Lawsuits against you Bankruptcy Tax Returns Tax disputes Unpaid Deficiencies Party to Lawsuits Co-signer Contingent Liabilities Anyone else own an interest in the property Authorizing Statement Mandatory F.S. Information

  15. Mandatory F.S. Information • Authorizing statement • I the undersigned, have provided this financial statement, as part of my application for a loan from the (lending agency). I certify that the statement is complete and accurate to the best of my knowledge and authorize (lending agency) to certify any conditions of debt described above.

  16. How loan program fits with SRF • Nonpoint source pollution • Erosion, Muddy Creek • Groundwater

  17. Web page • www.dnrc.state.mt.us • Loans & Grants • Private Water Development Loans • Application

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