(1) The following information is required to be
presented to the department by applicants for certification as a MBDC:
(a) A plan for delivery of management training
and technical assistance.
(b) A plan for credit investigation and
analysis, and loan analysis of microbusiness loan applicants.
(c) A plan for and evidence of ability to administer a revolving loan
(d) A staffing plan including job titles, job descriptions, necessary
qualifications, experience, education and other qualifications of primary
manager, and personnel training and supervision.
(e) Evidence of broad-based community support, to include letters of
support from persons and institutions throughout the region.
(f) Evidence of matching loan funds in the ratio of $1 for every $6
of development loan funds requested.
(g) Evidence of sufficient operating income.
(h) Evidence of adequate business clients to include, but not be
limited to, a plan for identifying, qualifying and marketing to potential
borrowers throughout the region to be served.
(i) A plan for marketing to specific groups including at least, but
not limited to, minorities, women and low-income persons.
(j) Evidence that the proposing organization is a nonprofit
corporation organized and existing under the laws of the state of Montana.
(k) The department may require such additional information as the
department in its discretion deems to be appropriate.
(2) The procedures for selection of certification of MBDC are as
(a) the department will provide a written certification application
guide to any interested individuals or organizations.
(b) the department will review proposals and determine whether to
recommend certification of the MBDC.
The proposal and staff's recommendation will be forwarded to the
department director for a decision on certification.
(3) An application for certification as a
statewide MBDC shall also be required to provide evidence that it will serve a
specialized population or specialized need and that its services do not
duplicate services offered by existing "funded" regional certified
(4) To maintain its status as a certified MBDC,
a MBDC must be reviewed and re-certified every four years.