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GFDA ready to help businesses re-open

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Posted at 5:12 PM, May 05, 2020
and last updated 2020-05-06 14:33:18-04

GREAT FALLS — As businesses and other organizations across Montana begin to reopen, economic development leaders hope to help business owners who may be unsure of what to do next.

The Great Falls Development Authority continues to support businesses in the Golden Triangle and beyond through a number of free resources.

Those include the hibernation, resiliency, and reopening tool kits.

Business owners can find everything from cash flow spread sheets to tools to focus in on customer bases to best business practices after reopening.

GFDA Senior Vice President Jolene Schalper says making sure business owners have a solid finance team in place is key no matter what phase they are in.

"And that includes your bankers your accountants your insurance agency your lawyers and your business advisors like the Small Business Development Center," she said.

As of Monday, The Small Business Administration had reported around $140 billion remaining funds in the Paycheck Protection Program (PPP).

Schalper says along with PPP, agriculture business owners can apply for the Economic Injury Disaster Loan (EIDL).

The GFDA also has an agriculture economist that can help business owners determine eligibility.

Click here to visit the GFDA website for more information and resources.