Business Buzz: Lisa’s Pasty Pantry closes; PPP loans available | Local News
Safi Wakusolela, a refugee from the Democratic Republic of Congo, cooks up a meal for the United We Eat program at First United Methodist Church in February. United We Eat is selling tickets to a May 22 virtual cooking class.
Lisa’s Pasty Pantry has permanently closed after 25 years in business. The business was located at 2004 W. Sussex Ave. in Missoula and their last day was April 30.
Here’s some business news in the Missoula area:
Lisa’s Pasty Pantry has permanently closed after 25 years in business. The business 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 at the business states. “We appreciate each and every one of you.”
Anyone wanting to purchase restaurant equipment or Butte memorabilia can leave a message at the business’ phone number at 406-543-0839.
The U.S. Small Business Administration announced earlier this week that Paycheck Protection Program funds have been almost entirely exhausted, leaving only select lenders able to offer the loans. In the Northern Rockies, nonprofit lender MoFi is continuing 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 make PPP loans, approximately $8 billion remains in congressionally mandated funding for Community Development Financial Institutions (CDFIs) like MoFi to help businesses that continue to endure economic hardships related to the COVID-19 pandemic.
MoFi is now accepting PPP applications from all business types for loans of up to $250,000. As a CDFI, MoFi specializes in supporting businesses with a PPP that aren’t served by traditional banks or credit unions, including, but not limited to, sole proprietors, independent contractors and self-employed individuals. In the past year, MoFi has provided more than 3,000 PPP loans, with an average loan size of $22,000.