Big Sky Economic Development AgendaPacket Joint Board Meeting 2026-05-14
Big Sky EDC Approves $825,000 Loan for Fitness Franchise
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Description
Big Sky EDC Board approved an $825,000 SBA 504 loan request for Ignite MT, LLC dba Burn Boot Camp Kalispell (Lakshmi Properties, LLC) to purchase land and construct a new fitness franchise facility. The 25-year loan supports rural economic development and woman-owned business ownership.
Contract Details
Contract Amount
$825,000
Vendor
IGNITE MT LLC DBA BURN BOOT CAMP KALISPELL (LAKSHMI PROPERTIES LLC)
Agency
Big Sky Economic Authority, MT
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
25-year note
Renewal Date
2051-04-09
Renewal Info
25-year SBA 504 debenture at 35% of the total project cost. No renewal clause stated.
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