Great Falls Pharmaceutical Company Expands through SBA 504 Loan
Big Sky Managed Care Expansion
The SBA 504 Loan Program ensured Montana’s only closed-door pharmacy was able to continue providing vital services to Montanans in need.
Operating out of a 3,000 square foot space and faced with substantial growth opportunities, Big Sky Managed Care (BSMC) needed a larger space to continue pharmacy services for the state of Montana. BSMC specializes in compliance med packaging as well as medical supplies to underserved communities including assisted living facilities, skilled nursing homes, jails, group homes, and mental health communities.
With the help of the SBA 504 Loan through High Plains Financial (GFDA’s Affiliate), BSMC is now occupying a 10,000-square-foot space that required only 10% equity coupled with 50% bank financing; the remaining 40% using the new 25-year SBA 504 with a low, fixed interest rate.
“We aim to be the gap between the patient and the provider.”
Big Sky Managed Care was started in 2015. In 2016, BSMC expanded into the medical supply market and has been able to provide a complete medical package to clients and facilities they serve. This expansion gives them the extra room needed to grow their medical supply and pharmacy sales, along with adding a state-of-the-art sterile IV room.
In addition to expanding their square footage, BSMC was also able to provide high-wage jobs for the Great Falls community, adding 12 employees to their workforce of 40 and counting.
“Montanans should be taking care of Montanans.”
BSMC is the only closed-door pharmacy based in Montana. Larger corporate pharmacies distribute out of larger metropolitan hubs, adding time and cost to vital medications, medical goods, and equipment. With a hub in central Montana, BSMC is able to provide quick delivery of goods at a low cost – a win for all Montanans!