SBA Montana Disaster Loans Available

Published on: Aug 12, 2024

On Aug. 7, SBA made disaster aid available to MT small businesses.

  • SBA made Economic injury disaster loans (EIDLs) available to Montana small businesses to offset losses caused by drought that began on Jun. 1, 2024.
  • Eligibility
  • Primary MT counties Beaverhead, Deer Lodge, Flathead, Jefferson, Lake, Madison, Ravalli and Silver Bow; neighboring MT counties include Broadwater, Gallatin,
  • Glacier, Granite, Lewis and Clark, Lincoln, Missoula, Pondera, Powell, Sanders and Teton; and Idaho neighboring counties of Clark, Fremont, Idaho and Lemhi.
  • Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs up to $2 million.
  • EIDLs are intended to help meet financial obligations and operating expenses which could have been met by the impacted businesses had the disaster not occurred.
  • Eligibility for EIDLs is based on financial impact only and not actual property damage.
  • Application Deadline
  • Completed applications for EIDLs must be received by SBA no later than Apr. 7, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR MT 20524-01, 8/7/2024
Functions
BCS; Compliance; Financial; Operations; Reporting
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Aug 7, 2024
Effective Date
Apr 7, 2025
Rule ID
222271
Linked to
N/A
Reg. Last Update
Aug 7, 2024
Report Section
US Investment