1,141 SBA loans worth $658.3M went to Montana businesses between October 2021 and June 2026, from 109 lenders. Glacier Bank made the most 7(a) loans, 81 or 9% of the state's total, and the ten most active lenders made 52%. The median 7(a) loan was $180,000, above the national median of $158,000. Construction was the most financed industry, at 15% of loans. Annual loan count rose 69% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Glacier Bank Bank · Kalispell, MT | 81 | $29.4M | $127,500 | 54% | Health care and social assistance |
| 2 | U.S. Bank Bank · Cincinnati, OH | 76 | $8.0M | $29,000 | 45% | Construction |
| 3 | Yellowstone Bank Bank · Laurel, MT | 53 | $24.9M | $286,000 | 21% | Restaurants and hotels |
| 4 | First Interstate Bank Bank · Billings, MT | 49 | $24.2M | $147,700 | 41% | Retail |
| 5 | Wells Fargo Bank Bank · Sioux Falls, SD | 49 | $7.2M | $15,000 | 96% | Professional and technical services |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 40 | $14.0M | $211,750 | 15% | Other services (repair, personal care) |
| 7 | Northeast Bank Bank · Portland, ME | 40 | $6.3M | $103,550 | 18% | Construction |
| 8 | Newtek Bank Bank · Miami, FL | 33 | $20.1M | $300,000 | 21% | Retail |
| 9 | Valley Bank of Ronan Bank · Ronan, MT | 31 | $12.0M | $200,000 | 26% | Construction |
| 10 | Montana Community Development Non-bank lender · Missoula, MT | 29 | $3.7M | $104,000 | 69% | Construction |
| 11 | Live Oak Banking Bank · Wilmington, NC | 27 | $31.5M | $500,000 | 30% | Professional and technical services |
| 12 | Bank of Bridger Bank · Bridger, MT | 27 | $5.1M | $100,000 | 15% | Construction |
| 13 | Three Rivers Bank of Montana Bank · Kalispell, MT | 26 | $18.3M | $223,700 | 54% | Construction |
| 14 | BayFirst National Bank Bank · St. Petersburg, FL | 21 | $3.1M | $150,000 | 0% | Other services (repair, personal care) |
| 15 | Bravera Bank Bank · Dickinson, ND | 20 | $4.9M | $162,500 | 60% | Construction |
| 16 | Bank of the Rockies Bank · Helena, MT | 16 | $7.6M | $276,050 | 31% | Restaurants and hotels |
| 17 | First Bank of the Lake Bank · Osage Beach, MO | 15 | $11.0M | $455,000 | 53% | Retail |
| 18 | Huntington National Bank Bank · Columbus, OH | 15 | $8.1M | $331,000 | 33% | Professional and technical services |
| 19 | Opportunity Bank of Montana Bank · Helena, MT | 13 | $10.9M | $350,000 | 38% | Restaurants and hotels |
| 20 | Celtic Bank Bank · Salt Lake City, UT | 13 | $5.2M | $150,000 | 0% | Restaurants and hotels |
| 21 | Manhattan Bank Bank · Manhattan, MT | 13 | $2.1M | $85,000 | 8% | Manufacturing |
| 22 | United Midwest Savings Bank Bank · Degraff, OH | 11 | $4.4M | $249,000 | 45% | Finance and insurance |
| 23 | Freedom Bank Bank · Columbia Falls, MT | 11 | $2.5M | $91,000 | 55% | Retail |
| 24 | Mountain America FCU Credit union · Sandy, UT | 10 | $8.9M | $163,000 | 50% | Construction |
| 25 | Wallis Bank Bank · Wallis, TX | 9 | $8.5M | $686,000 | 0% | Retail |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Capital Matrix Boise, ID | 81 | $60.9M | $459,000 |
| 2 | Dakota Business Lending Fargo, ND | 59 | $40.8M | $430,000 |
| 3 | Big Sky Economic Development Billings, MT | 55 | $42.2M | $642,000 |
| 4 | Mountain West Small Business Finance Salt Lake City, UT | 11 | $14.9M | $1,403,000 |
| 5 | High Plains Financial Great Falls, MT | 10 | $8.0M | $453,500 |
| 6 | East-Central Idaho Development Rexburg, ID | 2 | $1.7M | $843,500 |
| 7 | Mortgage Capital Development Oakland, CA | 1 | $2.3M | $2,339,000 |
| 8 | Wyoming Capital Access Casper, WY | 1 | $2.7M | $2,674,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 168 | $149,350 | U.S. Bank | |
| Restaurants and hotels | 159 | $414,000 | Capital Matrix | |
| Retail | 150 | $320,500 | First Interstate Bank | |
| Other services (repair, personal care) | 115 | $250,000 | U.S. Bank | |
| Health care and social assistance | 107 | $241,200 | Big Sky Economic Development | |
| Professional and technical services | 98 | $250,000 | Wells Fargo Bank | |
| Manufacturing | 76 | $290,000 | Yellowstone Bank | |
| Administrative and support services | 66 | $158,000 | Wells Fargo Bank | |
| Arts, entertainment and recreation | 40 | $265,750 | Yellowstone Bank | |
| Real estate and rental | 37 | $414,900 | Glacier Bank | |
| Wholesale trade | 33 | $180,000 | Wells Fargo Bank | |
| Transportation and warehousing | 28 | $211,400 | Glacier Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Billings | 198 | $141.1M | $386,250 | Yellowstone Bank |
| Bozeman | 150 | $90.4M | $256,550 | Dakota Business Lending |
| Kalispell | 103 | $54.0M | $186,000 | Three Rivers Bank of Montana |
| Missoula | 94 | $45.3M | $210,500 | Capital Matrix |
| Great Falls | 76 | $37.5M | $150,000 | U.S. Bank |
| Helena | 73 | $50.8M | $301,000 | Glacier Bank |
| Belgrade | 45 | $24.8M | $290,000 | Dakota Business Lending |
| Polson | 21 | $9.5M | $170,000 | Valley Bank of Ronan |
| Whitefish | 19 | $15.3M | $264,000 | Glacier Bank |
| Hamilton | 16 | $12.0M | $226,000 | U.S. Bank |
| Columbia Falls | 15 | $8.2M | $241,200 | Glacier Bank |
| Bigfork | 12 | $5.7M | $125,000 | U.S. Bank |
| Stevensville | 12 | $3.1M | $231,500 | Meridian Bank |
| Butte | 11 | $6.4M | $191,600 | Dakota Business Lending |
| Laurel | 11 | $3.2M | $150,000 | Glacier Bank |
7 Montana cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.