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Big Sky Finance September 2019 Newsletter

September 20, 2019 /

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

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Snyder Motors Opens Beautiful New Facility!

Owner, Zach Snyder, has been in the used car business for over 12 years. Outgrowing his location on Jackrabbit Lane in Belgrade, he purchased land and constructed a new building about one mile south on Bulltrout Road. The new location also added a full service shop.

In partnership with Opportunity Bank of Montana (Bozeman), we were able to provide low down payment, long term, fixed interest rate financing through Big Sky Finance’s SBA 504 loan program!

Current SBA 504 Interest Rates

September 2019

Did You Know?

The servicing fee SBA charges borrowers on an annual basis has been reduced from 36.80 basis points to 32.05 basis points for loans approved during FY2020.

This fee is part of the borrower’s ongoing, effective interest rate charged on their loan. This reduction results in a lower overall effective rate paid by the borrower!