Lewistown 
Program Overview
The Montana Automation Loan Program Suite has two components: the Collateral Support Program and the Direct Loan Program.
- The Direct Loan Program offers loans to Eligible Applicants directly from the Montana Department of Commerce.
Purpose
The Montana Automation Financing Program is administered by the Montana Department of Commerce to extend financial assistance to Montana-based Manufacturing enterprises seeking to upgrade, replace, or expand their equipment through automation and modernization investments. The program supports businesses modernizing operations, enhancing efficiencies, and fostering growth. The program is not intended to replace jobs but to empower businesses to scale while upskilling their workforce.
The Montana Department of Commerce implements the Montana Automation Financing Program Guidelines regarding available financial assistance to Montana-based manufacturing enterprises seeking to upgrade, replace, or expand their equipment through automation and modernization investments. Commerce accepted public comment on the proposed guidelines and received one comment. Commerce declined to implement the requested change due to limited funding. The final document is implemented as originally drafted.
Registration Requirement: OKTA
OKTA account Registration is required to access the application for the Automation Financing Direct Loan Program. OKTA Instructions in PDF.
Eligible Applicants will apply directly to Commerce through the application portal. Once the application window closes, a loan review committee will review applications for eligibility and suitability with state and program requirements. The committee may request additional information or approve or reject the application. Once an application has been approved or rejected, the Eligible Applicant will be notified of the committee’s decision and informed of any further requirements. Receipt of an application does not imply a commitment for funding.
Total Direct Loan funding: $1,400,000
If you have questions, reach out to Josh Bennett, loan coordinator and business resource partner, at josh.bennett@mt.gov or 406-841-2748; or Krissie Milligan, business resource partner, at krissie.milligan@mt.gov or 406-841-2741.
