At a glance
From its website, read 2 Nov 2026Montana Community Development Corporation is a loan fund based in Missoula, Montana. Its website describes small-business loans. Stated loan amounts run from $1,000 to $1.5M. It says it considers borrowers with low or no credit history. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.mofi.org |
| Office (official list) | 229 East Main, Missoula, MT 59802 |
What their website says about applying
Answer a few simple questions to find out if you’re a good fit for a MoFi loan.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Who qualifies, in their words
- No or thin credit history considered
They are available to people who lack the assets, income, experience, and/or credit history to qualify for bank financing.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 229 East Main, Missoula, MT 59802 Directions (Google Maps) |
| Website | www.mofi.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Tax-credit (NMTC) project financing is not classified as a product, and no service area is stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-business loans | $1,000 – $1.5M | Loans range from $1,000 to $1,500,000 | source |
Loan sizes
Loans range from $1,000 to $1,500,000
source
Range used for the size filter: $1,000 to $1.5M
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Start The Process
source
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$17.7 million in 18 awards from the U.S. Treasury's CDFI Fund, 1999–2022 (CDFI Program, Financial Assistance; CDFI Program, Technical Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Program, Financial Assistance | $560,000 |
| 2021 | CDFI Program, Financial Assistance | $870,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | CDFI Program, Financial Assistance | $557,000 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
| 2015 | CDFI Program, Financial Assistance | $1,653,000 |
| 2014 | CDFI Program, Financial Assistance | $2,000,000 |
| 2013 | CDFI Program, Financial Assistance | $1,347,000 |
| 2012 | CDFI Program, Financial Assistance | $1,453,806 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $2,000,000 |
| 2008 | CDFI Program, Financial Assistance | $1,090,345 |
| 2005 | CDFI Program, Financial Assistance | $300,000 |
| 2005 | CDFI Program, Technical Assistance | $43,530 |
| 2001 | CDFI Program, Technical Assistance | $50,000 |
| 1999 | CDFI Program, Financial Assistance | $460,000 |
New Markets Tax Credit allocations
$951 million in 15 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2024 | New Markets Tax Credit allocation | $85,000,000 |
| 2023 | New Markets Tax Credit allocation | $60,000,000 |
| 2022 | New Markets Tax Credit allocation | $60,000,000 |
| 2021 | New Markets Tax Credit allocation | $55,000,000 |
| 2020 | New Markets Tax Credit allocation | $60,000,000 |
| 2019 | New Markets Tax Credit allocation | $65,000,000 |
| 2018 | New Markets Tax Credit allocation | $70,000,000 |
| 2017 | New Markets Tax Credit allocation | $65,000,000 |
| 2016 | New Markets Tax Credit allocation | $90,000,000 |
| 2014 | New Markets Tax Credit allocation | $65,000,000 |
| 2013 | New Markets Tax Credit allocation | $55,000,000 |
| 2012 | New Markets Tax Credit allocation | $65,000,000 |
| 2011 | New Markets Tax Credit allocation | $60,000,000 |
| 2010 | New Markets Tax Credit allocation | $56,000,000 |
| 2008 | New Markets Tax Credit allocation | $40,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $108.7M |
|---|---|
| Total liabilities | $48.8M |
| Net assets | $59.9M |
| Total revenue | $18.9M |
| Notes and loans receivable, net (Part X line 7) | $70.5M |
| Program-related investments (Part X line 13) | $39,594 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 81-0500256, filed as “MONTANA COMMUNITY DEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $128.1M | $44.1M | $17.4M | $81.6M |
| Dec 2022 (990) | $89.4M | $54.5M | $20.2M | $49.4M |
| Dec 2023 (990) | $108.7M | $59.9M | $18.9M | $70.5M |
Total assets fell 15% from Dec 2021 to Dec 2023; notes and loans receivable fell 14%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $114,850 (138 loans) | All 7(a) lenders in Montana: $200,000. Larger than the median loan of 26% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| Largest loan its website states | $1.5M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 78% of these 184. |
| Total assets, latest IRS Form 990 | $108.7M | Larger than 88% of the 449 other certified loan funds and venture funds nationwide with a matched Form 990 (median $15.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 26% |
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 78% |
| Form 990 total assets | certified loan and venture funds with a Form 990, nationwide | 449 | larger than 88% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 138 SBA-backed approvals for Montana Community Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 138 7(a) loans as the lender: $20.3M in total (gross amount approved), median $114,850
By fiscal year: FY2020 16 · FY2021 8 · FY2022 9 · FY2023 23 · FY2024 40 · FY2025 22 · FY2026 20.
What actually happened
- Size of its 7(a) loans: half were between $86,900 and $192,750, median $114,850 (138 loans)
- Term of its 7(a) loans: median 93 months (8 years) (138 loans)
- Interest rate at approval on its 7(a) loans in FY2025–26: median 11.00%, half between 10.50% and 11.00% (42 loans; SBA's initial rate, before any change on a variable loan)
- Fixed or variable: 98% of its 7(a) loans had a fixed rate (138 loans)
- Young businesses: 61% of its 7(a) loans went to a startup or a business two years old or less (137 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (68, 49%)
- 7(a) Community Advantage (56, 41%)
- 7(a) SBA Express (14, 10%)
Borrower industries
NAICS sector, 3 or more loans.
- Construction (34)
- Accommodation and food services (32)
- Other services (except public administration) (16)
- Health care and social assistance (11)
- Manufacturing (9)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Ada County, ID (23)
- Salt Lake County, UT (10)
- Kootenai County, ID (8)
- Canyon County, ID (8)
- Gallatin County, MT (8)
- Spokane County, WA (7)
- Missoula County, MT (7)
- Yellowstone County, MT (6)
- Washington County, UT (5)
- Bonneville County, ID (4)
- Davis County, UT (4)
- Madison County, ID (4)
- Weber County, UT (4)
- Ravalli County, MT (4)
- Flathead County, MT (3)
- Bannock County, ID (3)
- Bonner County, ID (3)
- Jefferson County, MT (3)
How this lender was matched in the SBA files: SBA lender ID 0188423: same name, state and city (SBA lists “Montana Community Development Corp.”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Montana Community Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Missoula and Montana
- Clearwater Federal Credit UnionCredit union · Missoula, MTEnergy / solar / efficiency loans, Home mortgages, Personal / consumer loansVerified
- Grasslands Federal Credit UnionCredit union · Circle, MTAuto / vehicle loans, Equipment loans, Home mortgages, Small-business loansVerified
- Great Falls Development Authority, Inc.Loan fund · Great Falls, MTSBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Montana Homeownership Network, Inc. TheLoan fund · Great Falls, MT · Native CDFIAffordable housing development loans, Home mortgagesVerified
- NACDC Financial Services Inc.Loan fund · Browning, MT · Native CDFICredit-builder loans, Small-business loansVerified
- Peoples Partners for Community DevelopmentLoan fund · Lame Deer, MT · Native CDFIAgriculture / farm loans, Credit-builder loans, Personal / consumer loans, Small-business loansVerified
Work at Montana Community Development Corporation? Link to this page
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CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.