Federal EDA revolving loan fund plan
Big Sky Economic AuthorityMontana- Detected
- Jul 9, 2026
- 116 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
Big Sky EDC has updated its Federal EDA Revolving Loan Fund Plan tied to a $2,000,000 RLF award ($1.8 million federal, $200,000 match). The update expands the service area to six additional counties, adjusts fees and equity rules, and broadens eligible uses including blue-sky and debt refinance. This signals continued lending activity and demand for loan servicing tools, portfolio monitoring, and outreach support across a larger regional small-business finance program.
Updates increase the loan origination fee, allow case-by-case equity injection, broaden uses of funds, and align with the 2022‑2027 CEDS. The existing BSED Loan Committee will oversee the program instead of a separate RLF committee.
From the meeting
- Meeting date
- July 9, 2026
- Agency
- Big Sky Economic Authority
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