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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. - PowerPoint PPT Presentation
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Private Loan Program
Started is 198226.5 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
0
10
20
30
40
50
60
1982 1985 1989 1992 1995 1998 2001
Number of Loans
Renewable ResourcePrivate Loan ProgramBond Capacity
$0.00$2,000,000.00$4,000,000.00$6,000,000.00$8,000,000.00
$10,000,000.00$12,000,000.00$14,000,000.00$16,000,000.00$18,000,000.00$20,000,000.00
1983 1986 1989 1992 1995 1998 2001
Bond AuthorityBonds Issued
Legislative changes
Remaining Bond Capacity
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
1983 1986 1989 1992 1995 1998 2001
Capacity
Renewable Resource Private Loan Program
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
1982 1985 1988 1991 1994 1997 2000
Loan Amount
NPS Recycled Loans
Department of Natural Resources and Conservation April 21, 2023Conservation and Resource Development Division
Fairview
Brockton
Glendive
Sidney
Melstone
Fromberg
Billings
Chinook
Ft. Shaw Sun River
Three Forks
Manhattan
Sheridan
Dillon
Toston
Hall Helena
Wht Sphr Spgs
Ft. Benton
Kalispell
Wolf Creek
Deer Lodge
Choteau
Ringling
Dagmar
FallonTerry
Mosby
Savage
Roundup
Bridger
Boyd
Big Timber
Two Dot
Martinsdale
Power Fairfield
Lewistown
Dell
Livingston Joliet
Hardin
Forsyth
Poplar Culbertson
Great Falls
Twin Bridges
Cascade
Valier
Turner
Cardwell
Non Point Source Agriculture Loan-Recycled Loan FundsWastewater State Revolving Program
Galata
Conrad
Norris
Belfry
Augusta
Miles City
Application
DNRC accepts applications anytimeBasic Information
– Technical
– Financial • Financial Statement
• Cash Flow
• Construction Budget
– Environmental
– Personal Information, type of entity
Costs to Borrower
$150 nonrefundable application feeTitle InsuranceAdministration FeeTime to fill out the Application
Turn around time
10 days for an answer2 Months for $
– Title Insurance– Prepare loan documents– Internal review– Signing of loan documents– Recording of Mortgage
Credit Analysis
Financial Statement– Current Ratio – Working Cap– Equity Ratio – Risk Taking Ability
Cash Flow– Positive or Negative
Financial Statement
Current Assets
Fixed Assets
Mandatory F.S. Information
Lawsuits against youBankruptcyTax ReturnsTax disputesUnpaid DeficienciesParty to LawsuitsCo-signerContingent Liabilities
Anyone else own an interest in the property
Authorizing Statement
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.
How loan program fits with SRF
Nonpoint source pollution– Erosion, Muddy Creek– Groundwater
Web page
www.dnrc.state.mt.usLoans & GrantsPrivate Water Development LoansApplication
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