Business Finance 504 For Borrowers

5 Easy Steps to a 504 Loan

1

Contact us!

Brandon Berger brandon@bigskyeda.org 406-869-8403
Jo Ann Jones joann@bigskyeda.org 406-441-5447
Ben Rose ben@bigskyeda.org 406-869-8415
Sherry O’Donnell sherry@bigskyeda.org 406-441-5446
2

Gather documentation

BSF will provide a list of items needed to complete the loan application and analyze the loan request.

Download Checklist

3

Loan approval

Once the 504 loan is approved by BSF’s loan committee and SBA, SBA will issue a written agreement that outlines the terms and conditions under which the 504 loan can be funded.

4

Lender financing

The lender provides a permanent loan and an interim loan for the business to acquire and/or improve the property while BSF works through the 504 closing process with the lender and business.

5

SBA 504 loan funding

The 504 loan will fund following the schedule set by SBA and will replace the lender’s interim loan when the project is complete or the equipment purchased.

20-Year 10-Year
5.30% 5.30%

Director of Business Finance Brandon Berger 406-869-8403
Email

Loan Officer Ben Rose 406-869-8415
Email

Loan Officer Sherry O’Donnell 406-441-5446
Email

Loan Officer JoAnn Jones 406-441-5447
Email