Business Buzz: Lisa’s Pasty Pantry is closing; PPP Loans Available | Local News
Here are some economic news in the Missoula region:
Lisa’s pasty pantry closed permanently after 25 years of activity. The company was located at 2004 W. Sussex Ave. in Missoula and their last day was April 30.
“We would like to thank all of our loyal customers for their support,” a voicemail message to businesses said. “We appreciate each of you.”
Anyone wishing to purchase restaurant equipment or souvenirs from Butte can leave a message on the company’s phone number at 406-543-0839.
The US Small Business Administration announced earlier this week that the paycheck protection program funds were almost completely depleted, leaving only some lenders able to offer the loans. In the Northern Rockies, nonprofit lender MoFi continues to provide these forgivable loans to small businesses in Idaho, Montana, Oregon, Utah, Washington, and Wyoming. While most traditional financial institutions are no longer able to provide PPP loans, around $ 8 billion remains in Congress-mandated funding for community development financial institutions (CDFIs) like MoFi to help businesses. who continue to experience economic hardship related to the COVID-19 pandemic.
MoFi is now accepting PPP applications from all types of businesses for loans up to $ 250,000. As CDFI, MoFi specializes in supporting businesses with a PPP that are not served by traditional banks or credit unions, including, but not limited to sole proprietors, independent contractors and self-employed. Over the past year, MoFi has granted more than 3,000 PPP loans, averaging $ 22,000.