The 2019 SBA Awards include recognition of the top SBA lenders in Montana for 2018.
Glacier Bancorp, Inc. was named the leading SBA 7(a) lender in Montana in terms of the number of loans and dollar volume. The company had 54 loans totaling $9,956,400.
Big Sky Finance, of Billings, was recognized as the leading Certified Development Company (CDC) approving ten SBA 504 loans totaling $9,914,000.
2018 was the first full year of operation for Big Sky Finance after its merger with Montana Community Finance Corporation, another CDC based in Helena. The merger has proven very successful, according to Brandon Berger, Director of Business Finance. “Having offices in Billings and Helena has helped us to better serve the entire state. We have a very experienced, knowledgeable staff to serve our client’s SBA needs,” said Berger.
Big Sky Finance’s 2018 performance was on a par with that of the previous year, having increased in the dollar volume of loans, while decreasing slighting in the number of loans.
SBA 504 loans finance commercial owner-occupied real estate and/or equipment, offering borrowers long-term, fixed rate, low-down payment loans. Borrowers may obtain loans with as little as 10 percent equity on 10, 20 or 25 year notes. The CDC makes SBA 504 loans, as a secondary lender, ranging from $50,000 to a maximum of $5 million, to help finance businesses in all communities throughout the state.
Brandon began his career with Big Sky Finance in 2005 shortly after the CDC was formed under the auspices of Big Sky Economic Development.