BENEFITS What does all this mean to lenders and borrowers? Partnering with Big Sky Finance on an SBA 504 loan for your borrower has many benefits: Borrower Benefits • Minimal equity requirement — as little as 10% down. • Competitive, fixed rate for the term of the note. • No additional collateral required other than project collateral. Lender Benefits • 1st lien position at typically 50% LTV. • Limits bank’s exposure. • Utilize own documents and set own rates and terms. • No SBA paperwork — all handled by CDC. • CRA credit. Community Benefits • Projects add to the tax base. • New job creation. • Big Sky Finance loan revenues reinvested into the Montana economy for other economic development. Let us work together to make 2024 the year of the 504, helping Montana small businesses grow. Utilize the SBA 504 Loan program as part of your lending toolkit. Providing your borrower with a fixed rate for up to 40% of their project financing shows you are looking out for their best interest long term! Let our 504 experts at Big Sky Finance be your resource to work out the project eligibility and structure. It is our job to make the SBA 504 process as easy as possible for both you and your borrower. Big Sky Finance is a Montana CDC, partnering with our Montana Independent Bankers, providing the best financing options available! Check us out at www.bigskyfinance.org or contact Brandon Berger at (406) 869-8403 or berger@bigskyeda.org. Bankers’ Bank of the West We champion Community Banking bbwest.com | 800-873-4722 Where Community Banks Bank Meet Your Montana correspondent advocates Loans Participations Merchant Services International Services ATM/debit CD’s Money Market Community Banker 13
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