Big Sky Economic Development EDA/EDC Board Meeting Agenda Packet June 2025
SBA 504 Financing Proposed for Guerrero’s Polson
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Description
Big Sky EDC is considering an SBA 504 loan submission for a $368,000 debenture to Guerrero’s Polson LLC to acquire and renovate a building and outfit a new full-service Mexican restaurant in Polson, Montana. The 25-year loan would be secured in second lien position behind First Interstate Bank and is expected to create ten new jobs in a HUBZone community.
Contract Details
Contract Amount
$368,000
Vendor
GUERRERO’S POLSON LLC
Agency
Big Sky Economic Authority, MT
Contract Type
FINANCIAL_SERVICES
Document Date
June 19, 2025
Contract Term
25-year note
Renewal Info
Proposed single 25-year SBA 504 debenture; no renewals or extensions described.
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