Economic Revolving Loan Fund Committee

Meetings 

This board meets as needed to review loan applications. Review Calendar or contact Krista Lammers for current information.

Members

  • Justin Fries - Term expires: April 30, 2021
  • Sarah Stahlberg - Term expires: April 30, 2021
  • Mark Hensley - Term expires: April 30, 2020
  • Bryson Pelc - Term expires: April 30, 2019
  • A.J. Spear - Term expires: April 30, 2021

Membership

The board shall be composed of five persons as follows:

  • Three persons involved in financial institution lending
  • Two persons, either of whom can be a CPA / Accountant or Commercial Insurance Agent

Term

Three-year terms to be staggered.

Purpose

To review loan application packages for Economic Development Revolving Loan Funds (RLF) according to the RLF Policies and Procedures Manual. The duty of the Loan Review Committee is to review each application to establish that the loan request has sufficient collateral, financial feasibility and sound management.

Creation

Resolution Number 4780.

Residency Requirements

No requirements.

For More Information

Contact Krista Lammers at 406-758-7738 or Katharine King at 406-758-7713.