Big Sky Economic Development EDA/EDC Joint Board Meeting Agenda April 2026
BHive Linked to Amended ZATO SBA 504 Financing
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Description
Big Sky EDC confirmed BHive, LLC’s role in the amended SBA 504 financing package supporting ZATO, LLC’s purchase of Billings commercial real estate. The debenture was raised to $279,000 over 25 years to accommodate added environmental expenses while preserving loan soundness.
Contract Details
Contract Amount
SBA 504 debenture increased from $278,000 to $279,000 on a 25-year note (40% of total project, related entity)
Vendor
BHIVE 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
Participation in an amended 25-year SBA 504 loan structure; no explicit renewal terms described.
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