Right Heart Assisted Living
Right Heart Assisted Living is located in Billings, Montana, in the Assisted Living Facilities for the Elderly industry (NAICS 623312). The business financed real estate or equipment through an SBA 504 loan of $1,424,000 from Bravera Bank, with Big Sky Economic Development Corporation serving as the certified development company, and the loan was approved on May 28, 2026.
SBA 504 loan, approved May 28, 2026
$1,424,000 SBA portionCDC: Big Sky Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,424,000
- Bank portion
- $1,976,522
- Estimated project size
- $3,778,358 (estimated)
- Estimated owner equity
- $377,836 (estimated, about 10% of the project)
- Bank lender
- Bravera Bank, Dickinson, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 28, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Yellowstone County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-0
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 34% of expansion loans in Assisted Living Facilities for the Elderly on this site.
- Average expansion loan in Assisted Living Facilities for the Elderly: $1,996,284.
- Average expansion loan in Montana: $1,629,190.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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