Zero percent business loans available
CHRIS PETERSON | Hagadone News Network | UPDATED 6 years AGO
Chris Peterson is the editor of the Hungry Horse News. He covers Columbia Falls, the Canyon, Glacier National Park and the Bob Marshall Wilderness. All told, about 4 million acres of the best parts of the planet. He can be reached at [email protected] or 406-892-2151. | April 8, 2020 6:46 AM
Montana West Economic Development and the City of Columbia Falls have teamed up to create a local business loan program due to the novel coronavirus outbreak.
The Emergency Stabilization Loan Program is immediately available to qualified businesses, with zero percent interest loans up to $5,000.
Terms are 12 months with six months of deferred payments.
Businesses that have been directly impacted by the COVID-19 crisis and do not qualify for conventional credit from a bank are eligible to apply. Funds are available to businesses in Flathead County.
The loan application has been simplified and can be done over the phone.
Additional criteria and the application for the loan are available on MWED’s website at www.dobusinessinmontana.com. A completed application package can be emailed to [email protected] or mailed to 44 2nd Avenue West, Kalispell, MT 59901. Upon receipt of a complete application package, and upon credit approval, funds will be disbursed within days.
Should larger loans be needed, MWED will offer up to $5,000 guarantees to banks making those larger sums available, depending on bank or lending institution approval.
For information on the emergency loan funds, MWED or other COVID-19 economic development resources in the Flathead Valley, please contact MWED Loan Officer, Stephanie Juneau - at [email protected] or 406-257-7711 ext. 1.
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