Park Local Development Corporation (PLDC) announced the Emergency and Disaster Microloans are now available as part of its Revolving Loan Fund portfolio.
Microloans Application Open for Businesses Impacted by COVID-19
Livingston, Mont. – The new microloans are up to $10,000 and are available to businesses in Livingston and Park County for working capital to help overcome the economic injury of a declared emergency.
“We are doing our best to assist local businesses through this crisis, and we are hopeful that these microloans can help stabilize our economy,” Cyndy Rigler, PLDC Board President, shared.
To qualify for consideration, business must demonstrate economic injury due to the COVID-19 disaster. Businesses must submit a completed loan application and upload a copy of the businesses’ most recent Federal income tax return. Additional information may be necessary to process loan applications.
Applications can be submitted online at apply.parklocal.org. The PLDC Loan Committee, comprised of local financial and business leaders, will evaluate applications. Applications will be reviewed on a rolling basis beginning April 23.
PLDC is the nonprofit organization designated by the City of Livingston and Park County to manage their Community Development Block Grant Revolving Loan Funds. PLDC offers loan financing to businesses within Livingston and Park County for operating capital; machinery and equipment; land purchase and construction; and employee training. Katie Weaver, MSU Extension – Park County Economic and Community Development Agent, serves as the Executive Director. Kristen Galbraith, Cyndy Rigler, and Joe Hanser serve as PLDC’s Board of Directors.
For more information on the Emergency and Disaster Microloan Program, eligibility requirements, application process, visit parklocal.org or call (406) 222-4156.
MSU Park County Economic & Community Development Extension Agent
Park Local Development Corporation, Executive Director
119 South 3rd Street, Livingston, MT 59047
w: 406-222-4156 m: 406-599-4822
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