Big Sky Economic Development AgendaPacket Joint Board Meeting 2026-05-14
SBA 504 Loan for Stowaway Bar & Grill Recommended
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Description
Big Sky EDC recommended approval of a $137,000 SBA 504 loan for Stowaway Bar & Grill, Inc. to refinance an existing contract for deed and provide working capital. The 10-year note supports rural economic development.
Contract Details
Contract Amount
$137,000
Vendor
STOWAWAY BAR & GRILL INC
Agency
Big Sky Economic Authority, MT
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
10-year note
Renewal Date
2036-05-14
Renewal Info
10-year SBA 504 debenture at 40% of project cost. Final approval pending SBA submission.
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