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Montana banks, businesses assess the challenges ahead
Montana banks say there’s a great risk some of their business customers will permanently shut down if Montana’s stay-at-home order isn’t lifted by May 1 or sooner.
In a survey of 44 bank presidents and branch managers conducted Friday by the Montana Bankers Association, more than 70% said they had business customers at risk of shutting down, despite special financial assistance from the federal government.
In addition to the bankers survey, a survey of businesses by the Montana Chamber of Commerce indicated that few business owners thought they would shut down. Only 14 business owners or operators thought so. The majority of the 470 businesses asked, 65%, thought they would survive the stay-at-home order if they were allowed to reopen in the next 30 days.
Montana Chamber CEO Todd O’Hair said in a letter to the governor. “If circumstances require that a shelter-in-place must go back into effect, we will stand with you and work with you to make certain everything that can be done to protect public health and safety is implemented.”
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