MoFi offering loans to small businesses during pandemic

Businesses across the Northern Rockies and Inland Northwest in need of capital during the coronavirus pandemic could qualify for a new loan package prepared by a Missoula nonprofit financial institution.

Dave Glaser, President of MoFi, said the new Thrive Loans could serve as an added resource for small businesses that were profitable before the pandemic and need help adapting to or surviving the current economic climate.

“We launched the Thrive Loan to help small businesses survive in a rapidly changing economy,” said Glaser. “As the pandemic continues to impact our communities, this program provides business owners with the working capital they need to stay afloat, adjust their business models and maintain hope.”