Current SBA 504 Interest Rates
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.
