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County2nd of 47 in Montana by approvalsFIPS 30031
SBA loans in Gallatin County, Montana
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 244 loans to businesses in Gallatin County, Montana, in FY2021 to FY2025, worth $154M: 188 under 7(a) and 56 under 504.
That is 35.7 approvals per 1,000 business establishments (6,828 establishments in 2023), above the Montana figure of 30.8 and close to the national 41.0.
It ranks 2nd of 47 Montana counties with approvals. In FY2025 there were 63, up 21% on FY2024.
51 lenders had approvals here; the most active were Capital Matrix, Inc. (27), Dakota Business Lending (25) and The Yellowstone Bank (20). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Gallatin County
By number of approvals to businesses in the county, FY2021–FY2025; 51 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Capital Matrix, Inc.Boise, ID · CDC | 27 | $19.1M | 11.1% | |
| 2 | Dakota Business LendingFargo, ND · CDC | 25 | $22.9M | 10.2% | |
| 3 | The Yellowstone BankLaurel, MT | 20 | $5.4M | 8.2% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 16 | $3.6M | 6.6% | |
| 5 | Manhattan BankManhattan, MT | 16 | $2.6M | 6.6% | |
| 6 | Glacier BankKalispell, MT | 12 | $9.4M | 4.9% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 11 | $718K | 4.5% | |
| 8 | Montana Community Development Corp.Missoula, MT | 9 | $1.4M | 3.7% | |
| 9 | First Interstate BankBillings, MT | 8 | $5.8M | 3.3% | |
| 10 | Opportunity Bank of MontanaHelena, MT | 8 | $3.2M | 3.3% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 7 | $10.7M | 2.9% | |
| 12 | Northeast BankLewiston, ME | 7 | $2.1M | 2.9% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $1.3M | 2.5% | |
| 14 | The Huntington National BankColumbus, OH | 5 | $3.5M | 2.0% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $1.4M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 25 | 10.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 17 | 7.0% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 15 | 6.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 11 | 4.5% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 2.9% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 2.9% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | 2.9% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 6 | 2.5% | |
| 9 | Utility System ConstructionNAICS 2371 | 6 | 2.5% | |
| 10 | Activities Related to Real EstateNAICS 5313 | 5 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 38 | 15.6% | |
| 2 | Accommodation and Food Services | 33 | 13.5% | |
| 3 | Retail Trade | 28 | 11.5% | |
| 4 | Professional, Scientific, and Technical Services | 28 | 11.5% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 23 | 9.4% | |
| 6 | Manufacturing | 21 | 8.6% | |
| 7 | Health Care and Social Assistance | 19 | 7.8% | |
| 8 | Other Services (except Public Administration) | 17 | 7.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 23 | $21.5M | $290K | 9 | $5.9M | 32 | 285 |
| FY2025 | 50 | $33.6M | $208K | 13 | $5.8M | 63 | 682 |
| FY2024 | 44 | $17.7M | $188K | 8 | $4.2M | 52 | 439 |
| FY2023 | 22 | $7.7M | $173K | 6 | $7.4M | 28 | 243 |
| FY2022 | 29 | $16.3M | $317K | 23 | $18.6M | 52 | 644 |
| FY2021 | 43 | $33.0M | $228K | 6 | $9.2M | 49 | 465 |
| FY2020 | 27 | $9.4M | $150K | 8 | $4.4M | 35 | 232 |
| FY2019 | 33 | $11.9M | $150K | 6 | $7.4M | 39 | 314 |
| FY2018 | 39 | $9.5M | $100K | 5 | $4.3M | 44 | 268 |
| FY2017 | 42 | $20.7M | $150K | 4 | $3.9M | 46 | 384 |
| FY2016 | 40 | $18.6M | $150K | 6 | $1.7M | 46 | 444 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 210 approvals.
Against Montana and the country
| FY2021–FY2025 | Gallatin County | Montana | United States |
|---|---|---|---|
| Approvals | 244 | 1,312 | 342,825 |
| Approvals per 1,000 establishments | 35.7 | 30.8 | 41.0 |
| Median 7(a) approval | $213K | $200K | $190K |
| Median 504 approval | $515K | $469K | $657K |
| Average approval | $630K | $561K | $573K |
| 504 share of approvals | 23.0% | 17.9% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 9.7 | 10.5 |
| Share of state approvals | 18.6% | 100.0% | — |
Approval sizes
- $50,000 or less19.7%48
- $50,001 to $150,00017.2%42
- $150,001 to $350,00020.9%51
- $350,001 to $1 million25.0%61
- $1 million to $2 million9.4%23
- Over $2 million7.8%19
Age of the businesses
- Existing, more than 2 years old52.0%127
- New business, 2 years or less17.2%42
- Startup, loan funds will open the business16.0%39
- Change of ownership14.8%36
Questions and answers
Which lenders make the most SBA loans in Gallatin County?
By approvals in FY2021 to FY2025: Capital Matrix, Inc. (27), Dakota Business Lending (25), The Yellowstone Bank (20), Wells Fargo Bank National Association (16), Manhattan Bank (16). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Gallatin County?
The median 7(a) approval was $213K and the median 504 approval $515K; the Montana 7(a) median was $200K.
Which industries get the most SBA loans in Gallatin County?
Restaurants and Other Eating Places (25); Services to Buildings and Dwellings (17); Other Specialty Trade Contractors (15); Offices of Other Health Practitioners (11); Other Amusement and Recreation Industries (7).
Is SBA lending in Gallatin County rising?
Approvals in the three latest complete fiscal years total 143, against 136 in the three before: broadly level (+5%).
How does Gallatin County compare with the rest of Montana?
35.7 approvals per 1,000 establishments against 30.8 statewide, and 244 of the state's 1,312 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error