Business Assistance Information and Links
Paycheck Protection Program
The U.S. Small Business Administration (SBA) will reopen the Paycheck Protection Program (PPP) the week of Jan. 11 for new borrowers and certain existing PPP borrowers.
To promote access to funds, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, Jan. 11, and Second Draw PPP Loans on Wednesday, Jan. 13. In Missoula County, those community financial institutions are MoFi and Clearwater Credit Union.
The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining criteria and other program changes are online at sba.gov/ppp.
Missoula County Economic Recovery Task Force
The Missoula County Economic Recovery Task Force is a partnership of public and private for-profit and nonprofit entities working to ensure you recover and prosper in the future by understanding how you are affected economically, improving access to resources that provide immediate assistance, developing new resources, and identifying any remaining gaps in resources.
Information on local, state and federal resources is updated regularly on the Missoula Economic Partnership website.
The Economic Recovery Task Force also has partnered with the University of Montana to launch BEAR Powered by UM to advise businesses requesting assistance or guidance in responding to the COVID-19 crisis. Click the link below to register for assistance though this program.
MoFi Paycheck Protection Program Loans
MoFi’s Paycheck Protection Program lending is currently closed, but the agency will resume lending if the program reopens.
The Montana Nonprofit Association has compiled a list of COVID-19 FAQs related to nonprofits.