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