In response to the COVID-19 crisis, Montana West Economic Development (MWED) in partnership with City of Columbia Falls, announces the COVID-19 Emergency Stabilization Loan Program to offer relief to affected businesses.
The Emergency Stabilization Loan Program is immediately available to qualified businesses under the following terms:
— Up to $5,000
— 0% interest over the term
— 12-month term
— 6 months 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.
Simplified loan application process to access needed funds is subject to:
— Abbreviated loan application
— Credit check
— 2019 financial statement
— Phone interview
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@example.com 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.*
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 firstname.lastname@example.org or 406-257-7711 ext. 1.
*subject to MWED/Bank agreement