Groups scrambling to get loan money available for Billings businesses
Nordberg and Brent Donnelly, director of Montana’s SBA district office, did provide an update on the various SBA loan programs during the teleconference hosted by the Billings Chamber of Commerce. Both officials stressed that those programs could be drastically altered given the emergency situation.
Both officials stressed the importance of relationships and partnerships that the SBA has built with economic development groups across the country. One such partner is Big Sky Economic Development in Billings, which announced Wednesday that it would be offering bridge loans to help small businesses make ends meet until the SBA funds become available.