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Business Finance

The Business Finance section includes information on a variety of state, federal and local programs that provide financing for business start-up, expansion and retention. Most programs require bank participation with equity and matching funds. The purpose of this page is to help businesses focus in on the programs that may fit them best and lead them to the more detailed program web pages and contacts for additional information.

State Business Finance Information

Montana Department of Commerce

Montana Department of Agriculture

Department of Natural Resources & Conservation

Developmental Services Division

Federal Business Finance Information

Local Business Finance Information


The Board of Investments has a relationship with Highway 12 Ventures, one of the leading early-stage venture capital firms focused on investing in the most promising start-up companies in the Intermountain West. Highway 12 Ventures is pleased to provide information, consultation, and assistance to Montana businesses that may be seeking venture capital funds. The link below connects to the firm's website.

Highway 12 Ventures

The Rocky Mountain Venture Capital Association includes an eight-state association with more than 180 venture capital professionals from 43 firms that invest in the region. The link below connects to their website.

Rocky Mountain Venture Capital Association

The Rocky Mountain Venture Capital Association supports entrepreneurship and investment throughout the Rocky Mountain Region.

Frontier Fund

Frontier Angel Fund, LLC closed in December of 2006 with $1,750,000 in committed capital from 33 investors. The Fund has invested in 15 companies over the last seven years, had three exits, and is in the process of raising Frontier Fund 2. The fund has looked at over 600 companies since inception. Its members have diverse backgrounds in business, finance, medicine, marketing, law, venture capital, mergers and acquisitions, retail, ranching, timber, management, human resources, and as serial entrepreneurs. Frontier Fund has been a pioneer in bringing equity capital to inland economies and has been active in syndication among angels in the inland Pacific Northwest Region. Through syndication, the Fund can bring additional capital to local opportunities and diversity in its portfolio.

Frontier Fund meets every other month. The Screening Committee meets in opposite months. It uses GUST as an online management platform.

Frontier Fund and Frontier Fund 2 are values driven. It strives to have low overhead and administrative costs, be teachers and learners in structuring good deals where both investors and entrepreneurs thrive. It believes that new proprietary products and services are at the core of America's and Montana's competitive advantage in the global economy. Private capital is important to fuel the growth of companies around innovation. Its members fully participate in investment decisions, have given countless hours, and risked their own money to fuel new company and job creation.

Frontier Fund 2 will share the same values. It is hoped that a larger fund will be raised, drawn from a larger geographic foot print of investors, and scale up its use of to facilitate member meetings and interaction. Contact Liz Marchi, Fund Coordinator for more information at or 406-883-4044.



Contact Information