Michelle Johnston, SBA
Diane Sprangett, Manhattan State Bank
Clark & Carol Finch
Linda Kindrick, MCFC











 

 

Featured Project

HEEB'S IS HERE TO STAY!
Heeb's Food Center
Bozeman, Montana

As Bozeman continues to change with construction and business expansion, it’s nice to see some consistency remains. Heeb’s Food Center has been part of downtown Bozeman for over 58 years. Established by Earnest and Edythe Heebs in 1947, the store moved to the current location in 1967 and was purchased by Clark and Carol Finch in 1995. In addition to the Bozeman store, the Finches own and operate L &F Market in Manhattan.

Heeb’s successfully competes against Wal-Mart, Costco, Albertson and other big box grocers in the Bozeman area. Their niche is a strong commitment to customer service and experienced staff. Clark has updated the facility over the past years, offering exceptional products and selection. He strives to offer his clients the latest in grocery products, while continuing to provide the tried and true staples. As many as 19 of Clark’s co-workers (as Clark prefers to call his employees) have been with the store over 10 years and have vast experience in the grocery industry.

The viability of the store was recently threatened when a developer offered to purchase the facility from the existing landlord. The developer hoped to raze the building to build a spa and hotel, placing the neighborhood and eastside Bozeman in jeopardy of losing a needed, viable business. The Heeb’s grocery store could likely have successfully relocated elsewhere, but Clark states “Both Carol and I consider ourselves part of the revitalization in this area. Many of our most loyal customers are from this neighborhood.”

Competition for the property was fierce, however with the help of financing from Manhattan State Bank and the SBA 504 loan program offered through Montana Community Finance Corporation, Clark was successful in purchasing the building. This resulted in saving not only his coworkers jobs, but the other businesses occupying the building. “The staff at Montana Community Finance in Helena and Diane Spranget at Manhattan State Bank were a pleasure to deal with. This transaction had to take place quickly and they worked hard to make this deal happen. We will definitely consider using the 504 loan program for any expansion needs in the future,” Finch said.

Diane Spranget at Manhattan State Bank also notes “thanks to the SBA 504 Program offered through Montana Community Finance Corporation, Manhattan State Bank was able to provide very favorable financing terms to assist Clark and Carol Finch in purchasing the Heeb’s Food Center Building in Downtown Bozeman. The Finchs were able to purchase the building with a low down payment and finance the balance over long term fixed interest rates.”

   

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