Big Sky Economic Development EDA/EDC Joint Board Meeting Agenda April 2026
Updated SBA 504 Structure for Guerrero’s Polson LLC
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Description
Big Sky EDC approved an updated SBA 504 structure for Guerrero’s Polson LLC, authorizing a $368,000 debenture over 25 years to finance the purchase and renovation of a Mexican restaurant property in Polson. The restructured deal designates Guerrero’s Polson LLC as the real estate holding company and maintains second-lien financing behind First Interstate Bank.
Contract Details
Contract Amount
SBA 504 debenture $368,000 on a 25-year note (40% of total project)
Vendor
GUERRERO’S POLSON LLC
Agency
Big Sky Economic Authority, MT
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
25-year SBA 504 note
Renewal Info
Amended structure of previously approved SBA 504 loan; term remains 25 years with no renewal provisions noted.
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