Is your business prepared for the next local natural disaster, be that a spring flood or summer fire? The best way to deal with disaster is to have an emergency plan in place and to know what resources are available before disaster strikes.
Economic Injury Disaster Loans
The Small Business Administration (SBA) offers low interest loans for businesses damaged from disasters. In order for the SBA to assist, at least five businesses in your county must have suffered economic or physical damaged. If you meet this qualification, please complete this form and return it to MBAC.
The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage. An EIDL can help you meet necessary financial obligations that your business or private, non-profit organization could have met had the disaster not occurred. It provides relief from economic injury caused directly by the disaster and permits you to maintain a reasonable working capital position during the period affected by the disaster. EIDLs do not replace lost sales or revenue.
Learn more or apply online here
Have more questions about the EIDL program? Allstate Insurance has provided this resource page which explains the application procedure.
EMERGENCY RESOURCE QUICK LINKS:
Montana Disaster & Emergency Services (MT DES)
Broadwater County DES
Mike Koehnke – Disaster & Emergency Services Coordinator – (406) 266-9250
Lewis and Clark County DES
Reese Martin – Disaster & Emergency Services Coordinator – (406) 447-8285
Meagher County DES
Rick Seidlitz – Disaster & Emergency Services Coordinator – (406) 475-4043