Home of the SBA 504 Loan

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Current SBA 504 Interest Rates
25-Year 20-Year 10-Year
3.71% 3.64% 3.80%

our goalOur goal is to foster economic development and assist businesses in creating and retaining jobs.

Big Sky Economic Development Corporation [Big Sky EDC] is accredited by the US Small Business Administration (SBA) as a Certified Development Company (CDC) for the State of Montana.

The SBA 504 Loan program is a long-term financing tool used by eligible small businesses. The program provides long-term, fixed rate financing for major fixed assets, such as land and buildings.

The typical structure for an SBA 504 loan is 50% of the project costs financed through a private lender having a senior position on the collateral, 40% of the project costs financed with SBA through a Certified Development Company (Big Sky EDC ) having a junior lien position on the collateral and at least a 10% owner equity contribution. The maximum SBA portion of the loan is $5.0 million. Eligible manufacturers may receive up to $5.5 million.

Director of Business Finance Brandon Berger

Loan Officer Sherry O’Donnell

Loan Officer JoAnn Jones

Loan Specialist Johnna Jablonski