For the past 25 years, LCCDC has been here to help our great community weather many economic shocks. We were here with you through the 9/11/2001 crisis and the great recession of 2008 and we will again be here for you through the initial shock and certain economic recovery from the current international health crisis.
We want you to know LCCDC is open and anxious to help our business community.
As responsible citizens, we are following the recommendations of our state and federal leaders by practicing social distancing and taking extraordinary measures to provide a safe working environment for our employees. Accordingly, our scheduled public workshops are postponed. Nevertheless, we are all available by telephone or e-mail and we want to hear from you.
How we can help:
We are working with government agencies to try to expedite relief loans and grants.
Government funds to stimulate long term economic recovery are definitely on the way, but rapid deployment of government relief has historically been a problem in times of crisis. For short term solutions, taking personal action by working in conjunction with local partners and agencies is the best answer.
If you are a current LCCDC loan client, we want to work with you to help you weather this storm. Your business or cooperative is important to our community. Our Business Development Team will be reaching out to all of our loan clients this week to help you develop a workable plan.
If you are not a current LCCDC loan client, we can also be helpful. Our expert network of business and cooperative advisors are ready to help you. In times of change our well-qualified advisors can quickly help you assess your options before you make a critical decision. Please do not hesitate to contact our offices at 406-676-5901 to speak with a business advisor.
We have loan funding available
Currently, loan funding is available to existing clients and qualified new clients. In the next few weeks, most loans we make will be in the $5,000- $100,000 range with some loans as large as $150,000.
In the near future we also expect several new sources of COVID19 relief loan funds to be made available through our many government agency partners. Larger loan funding will also become available again as the COVID19 crisis passes and the economy begins to recover.
We will keep you posted on new loan funding. Click here for additional information.
SBA To Provide Small Businesses Impacted by Coronavirus Up to $2 Million in Disaster Assistance Loans
WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation:
“The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest in the world. Our Agency will work directly with state Governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by the situation. Additionally, the SBA continues to assist small businesses with counseling and navigating their own preparedness plans through our network of 68 District Offices and numerous Resource Partners located around the country. The SBA will continue to provide every small business with the most effective and customer-focused response possible during these times of uncertainty.”
Exhibits and Montana Made Items: Come see, eat, purchase, or sell an amazing assortment of everything from art, photos, and crafts to foods and treats. Visit our fine vendors and local businesses Saturday July 18 from 9 a.m. to 6 p.m., and Sunday July 19th from 10 a.m. to 4 p.m.