Business Financing, Loans and Grants
For-Profit and Non-Profit: COVID-19 Information and Resources
- IRS Newsroom – Paid Leave for Workers and Tax Credits for Small and Midsize Businesses
- Small Business Guide to CARES Act Loans and Financing
- Small Business Administration (SBA) Loan Program
- Paycheck Protection Program (2nd Phase)
- National Council of Nonprofits: Coronavirus Informational Website
- Montana Business Grant Application Page
- Montana Grants for Small Business
- The Montana Business Adaptation Program will provide reimbursement for COVID-19 expenses related to keeping staff and customers safe – from the purchase of personal protective equipment to resources needed for staff to work remotely. Eligible small business must be Montana-based, employ 50 or less, have incurred eligible adaptation expenses since Feb. 15 due to COVID-19, and be in good standing with the Secretary of State or local tribal government. Nonprofit entities are eligible. Eligible expenses include costs related to communication, remote work equipment, cleaning supplies, tools to enhance social distancing and sanitation, travel and hotel costs related to quarantining workers. Total funding available is $20 million, the maximum reimbursement amount per business is $5,000.
- The Montana Business Stabilization Grant Program will provide working capital for small businesses to support payroll, rent, accounts payable, debt service and expenses related to shifts in operations in order to retain existing businesses, retain current employees or retain business viability for future re-employment. Eligible small business must be Montana-based, employ 50 or less, have sustained a loss of revenue since February 15 due to COVID. Nonprofit entities are not eligible. The maximum award amount per business is $10,000.
- Social Services Nonprofit Grants of up to $10,000 per applicant are available for nonprofit organizations impacted by the COVID-19 public health emergency to retain existing programs and services, employees, or organizational viability for provision of future services and operations.
- The Montana Innovation Grant program is intended to help companies scale up, improve capabilities, or drive expanded distribution of products or services developed in response to COVID-19. The maximum award amount of $25,000 is available.
- Montana Agricultural Food and Agricultural program provides grants to food and agriculture businesses to help increase community resilience amid the COVID 19 pandemic and other economic disruptions. A maximum application amount of $10,000 is available.
- Telework Assistance Grants of up to $1,000 per individual will go towards purchasing equipment to assist Montanans with disabilities access telework equipment.
- Montana Nonprofit Association (MNA) COVID-19 Resources