Emergency COVID-19 Loan Funds Available to Flathead Businesses

Emergency Stabilization Loan Program is immediately available to qualified businesses

By Beacon Staff
Nucleus Avenue in downtown Columbia Falls. Beacon File Photo

Montana West Economic Development (MWED) is partnering with the city of Columbia Falls to debut 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: Loans of up to $5,000; 0% interest over the term; 12-month term; six 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.

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 loans@dobusinessinmontana.com or mailed to 44 Second Ave. W., Kalispell, 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 in 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, contact MWED Loan Officer Stephanie Juneau at loans@dobusinessinmontana.com or 406-257-7711 ext. 1.

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