SBA lending by state
SBA Lending in Montana
In Montana, SBA lenders funded 4,860 7(a) and 504 loans since FY2010, totaling $1.9B, an average of $385K per loan. The most active lender is Glacier Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Montana
Ranked by SBA loans funded in Montana since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Montana loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Montana shows “not reported,” never 0%.
See the full Montana ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Glacier Bank | 879 | $169.8M | $193K | 1.02% |
| 2 | First Interstate Bank | 424 | $116.2M | $274K | 3.77% |
| 3 | Wells Fargo Bank National Association | 388 | $88.9M | $229K | 2.58% |
| 4 | The Yellowstone Bank | 355 | $125.8M | $354K | 0.28% |
| 5 | Big Sky Economic Development Corporation | 300 | $206.8M | $689K | not reported |
| 6 | Stockman Bank of Montana | 264 | $52.1M | $198K | 0.76% |
| 7 | U.S. Bank, National Association | 249 | $31.6M | $127K | 2.41% |
| 8 | Bank of Bridger, National Association | 201 | $40.9M | $204K | 3.48% |
| 9 | Three Rivers Bank of Montana | 146 | $53.1M | $364K | 2.74% |
| 10 | Capital Matrix, Inc. | 104 | $70.6M | $679K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to find your SBA lender in Montana?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
504 lenders (CDCs) in Montana
An SBA 504 project in Montana pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Montana, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Big Sky Economic Development Corporation | 300 | $206.8M |
| Capital Matrix, Inc. | 104 | $70.6M |
| Dakota Business Lending | 78 | $57.0M |
| High Plains Financial, Inc. | 43 | $21.1M |
| East-Central Idaho Development Company | 3 | $2.8M |
| Eastern Idaho Development Corporation | 3 | $2.2M |
| Wyoming Capital Access | 1 | $2.7M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Montana
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 662 | $347.4M |
| Retail Trade | 680 | $293.3M |
| Health Care and Social Assistance | 435 | $182.3M |
| Manufacturing | 380 | $164.5M |
| Construction | 665 | $162.2M |
| Other Services | 399 | $151.7M |
| Professional and Technical Services | 366 | $109.4M |
| Real Estate | 158 | $85.0M |
Top cities for SBA loans in Montana
Where SBA 7(a) and 504 borrowers in Montana are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Billings | 1,002 | $402.5M |
| Bozeman | 580 | $254.5M |
| Missoula | 389 | $166.1M |
| Kalispell | 341 | $125.2M |
| Helena | 380 | $117.9M |
| Great Falls | 225 | $80.1M |
| Belgrade | 163 | $64.7M |
| Whitefish | 106 | $56.7M |
SBA lending by metro area in Montana
Which lenders fund each Montana market, with local loan sizes and industries.
- SBA lenders in Billings, MT 1,313 loans
- SBA lenders in Bozeman, MT 842 loans
- SBA lenders in Kalispell, MT 606 loans
- SBA lenders in Missoula, MT 440 loans
- SBA lenders in Helena, MT 474 loans
- SBA lenders in Great Falls, MT 243 loans
- SBA lenders in Butte-Silver Bow, MT 92 loans
SBA lending in Montana by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 453 | $92.4M |
| 2011 | 451 | $137.4M |
| 2012 | 339 | $90.6M |
| 2013 | 305 | $88.3M |
| 2014 | 307 | $104.8M |
| 2015 | 299 | $94.9M |
| 2016 | 343 | $105.6M |
| 2017 | 304 | $104.9M |
| 2018 | 238 | $74.6M |
| 2019 | 214 | $91.6M |
| 2020 | 206 | $87.9M |
| 2021 | 323 | $186.4M |
| 2022 | 228 | $134.8M |
| 2023 | 187 | $98.8M |
| 2024 | 257 | $135.4M |
| 2025 | 318 | $179.8M |
| 2026 | 88 | $64.5M |
SBA lending in Montana: frequently asked questions
How much SBA lending is there in Montana?
SBA lenders funded 4,860 7(a) and 504 loans totaling $1.9B in Montana in the public SBA data (as of 2026-03-31), an average of $385K per loan.
Who is the most active SBA lender in Montana?
Glacier Bank is the most active SBA lender in Montana in the public data, by loans funded.
What industries get the most SBA loans in Montana?
The most-funded industry for SBA loans in Montana is Accommodation and Food Services.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.