Big Sky Finance is a Certified Development Company (CDC), accredited by the US Small Business Administration (SBA) to deliver the SBA 504 Loan program across 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 of an SBA 504 loan is 50% of project costs are financed through a primary lender (lead bank), 40% of the project costs are financed through Big Sky Finance. This structure allows us to have a junior lien position on the collateral with a minimum 10% owner equity contribution. The SBA 504 loan can loan can be up to $5.0 million for a standard business and $5.5 million for small manufacturing operations.