The Montana Business Stabilization Grant has been created in response to the economic impact to small businesses in Montana caused by the novel coronavirus (COVID-19) pandemic.
Funds can be used for: Grants will provide working capital for small businesses to support payroll, rent, accounts payable, debt services and expenses related to shifts in operations in order to retain existing businesses, retain current employees or retain business viability for future re-employment.
Eligibility Requirements - To be eligible to apply, businesses must meet all the following eligibility requirements:
· Montana-based company
· Registered and in good standing with the Secretary of State or Local Tribal Government
· The business had 50 or fewer employees part- or full-time prior to February 15, 2020
· The business sustained a loss of revenue due to COVID-19 since February 15, 2020
· To receive federal funds, may not be a marijuana-based business.
Maximum Award: The maximum award available per applicant is up to 3 months of working capital up to $10,000.
Funds can be used for: payroll, rent, accounts payable and expenses
Priority for funding will be given to applicants that have not received SBA Payroll Protection Program or other relief programs.
Applications will be accepted and awarded on a first-come, first-served basis until funds are expended. Only one application per business entity per filing status will be considered for funding.
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Please note that it will not be possible to edit your application once it's submitted; to make changes you'll need to withdraw your application and resubmit. We encourage you to take your time and fill out the application completely and accurately and review before submitting.
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