For which topological rings $A$ does there exist a continuous section (as a set map at least) of the quotient morphism $GL_n(A) \to GL_n(A/I)$, where $I$ denotes a nilpotent ideal in $A$?
It should work for Frechet spaces.
If $x'$ is invertible in $M_n(A/I)$ with inverse $y'$, then lifting $x'$ and $y'$ to $M_n(A)$ yields a pair of elements $x,y$ such that $xy = 1 + z$ with $z \in M_n(I)$. Now, $M_n(I)$ is nilpotent and the Neumann series yields an inverse for $1+z$ in $M_n(A)$: $$(1+z)^{-1} = \sum_{n \geq 0} (-z)^n.$$
One can now see that $y(1+z)^{-1}$ is an inverse of $x$.
So your question boils down to the question whether one can find a continuous section of $A \to A/I$. The Bartle-Graves Theorem states that every surjection of Banach spaces has continuous section. I think this also holds for Frechet spaces by work of Ernest Michael (The Annals of Mathematics, 2nd Ser., Vol. 63, No. 2. (Mar., 1956), pp. 361-382.)