SBA Ledger

States › Montana

State0.4% of US approvals117 lenders active

SBA loans in Montana

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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.

Businesses in Montana received 1,312 SBA loan approvals worth $736M in FY2021 to FY2025, 1,077 of them 7(a) loans and 235 504 loans.

That is 30.8 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.4% of all approvals in the country (43rd of 54 states and territories).

In FY2025 there were 317 approvals totalling $179M, up 23% on FY2024. The median 7(a) approval over the five years was $200K and the median 504 approval $469K.

117 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Glacier Bank (118), The Yellowstone Bank (97) and U.S. Bank, National Association (75).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 3.5% as charged off, against 6.6% nationally.

317approvals, FY20251,312 in FY2021–FY2025
$179Mapproved, FY2025$736M in FY2021–FY2025
30.8approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$200Kmedian 7(a) approvalUS: $190K
3.5%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Montana

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in MT, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Glacier BankKalispell, MT118$41.6M11.0%$220K2.9%
2The Yellowstone BankLaurel, MT97$50.4M9.0%$319K1.5%
3U.S. Bank, National AssociationCincinnati, OH75$7.8M7.0%$45K6.2%
4Wells Fargo Bank National AssociationSioux Falls, SD61$11.0M5.7%$15K7.9%
5First Interstate BankBillings, MT55$20.7M5.1%$222K5.7%
6Bank of Bridger National AssociationBridger, MT46$10.8M4.3%$127K4.6%
7Valley Bank of RonanRonan, MT41$13.9M3.8%$185K—
8Three Rivers Bank of MontanaKalispell, MT37$19.5M3.4%$234K3.3%
9Northeast BankLewiston, ME35$5.7M3.2%$106K12.8%
10Readycap Lending, LLCBerkeley Heights, NJ34$13.8M3.2%$138K4.3%
11Stockman Bank of MontanaMiles City, MT32$20.6M3.0%$280K1.4%
12Montana Community Development Corp.Missoula, MT30$3.8M2.8%$104K5.3%
13Newtek Bank, National AssociationMiami, FL29$19.1M2.7%$225K—
14Live Oak Banking CompanyWilmington, NC25$32.7M2.3%$850K2.2%
15BayFirst National BankSaint Petersburg, FL22$3.3M2.0%$150K19.2%
16Bank of the RockiesHelena, MT19$9.6M1.8%$309K2.7%
17Opportunity Bank of MontanaHelena, MT17$8.6M1.6%$250K7.4%
18Manhattan BankManhattan, MT16$2.6M1.5%$68K—
19The Huntington National BankColumbus, OH15$8.1M1.4%$92K5.7%
20Bravera BankDickinson, ND15$4.3M1.4%$76K4.2%
21Freedom BankColumbia Falls, MT14$3.4M1.3%$138K—
22Mountain America FCUSandy, UT13$9.6M1.2%$70K3.6%
23Ascent BankHelena, MT12$6.7M1.1%$552K6.7%
24First Bank of the LakeOsage Beach, MO10$10.5M0.9%$350K2.7%
25Celtic Bank CorporationSalt Lake City, UT10$6.1M0.9%$150K17.0%
26Wallis BankWallis, TX9$8.5M0.8%$997K4.1%
27First Montana Bank, Inc.Missoula, MT9$5.2M0.8%$326K—
28United Midwest Savings Bank National AssociationDe Graff, OH9$3.8M0.8%$150K15.9%
29Beacon Bank and TrustBrookline, MA8$12.0M0.7%$630K4.6%
30Lendistry SBLC, LLCLos Angeles, CA8$6.6M0.7%$150K22.7%
31Newtek Small Business Finance, Inc.Lake Success, NY8$5.1M0.7%$300K6.8%
32First Internet Bank of IndianaFishers, IN6$6.7M0.6%$895K5.3%
33First Western SBLC, LLCDallas, TX5$8.4M0.5%$1.8M1.6%
34Byline BankChicago, IL5$8.0M0.5%$806K9.5%
35TowneBankPortsmouth, VA5$7.3M0.5%$638K3.3%
36Farmers State BankVictor, MT5$1.8M0.5%$321K5.3%
37Stearns Bank National AssociationSaint Cloud, MN4$6.2M0.4%$266K9.9%
38Hanover Community BankMineola, NY4$5.6M0.4%$563K2.7%
39Colony BankFitzgerald, GA4$5.3M0.4%$150K7.0%
40Port 51 Lending LLCNew York, NY3$6.8M0.3%$1.0M0.0%

504 certified development companies

#LenderApprovals in MT, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Capital Matrix, Inc.Boise, ID · 504 CDC87$60.5M37.0%$520K0.5%
2Dakota Business LendingFargo, ND · 504 CDC63$50.5M26.8%$458K1.6%
3Big Sky Economic Development CorporationBillings, MT · 504 CDC60$44.9M25.5%$642K0.0%
4High Plains Financial, Inc.Great Falls, MT · 504 CDC11$8.0M4.7%$464K—
5Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC10$12.7M4.3%$684K0.6%
6East-Central Idaho Development CompanyRexburg, ID · 504 CDC2—0.9%$543K0.0%
7Wyoming Capital AccessCasper, WY · 504 CDC1—0.4%$279K1.1%
8Mortgage Capital Development CorporationOakland, CA · 504 CDC1—0.4%$913K0.3%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*120$90.4M$260K31$17.9M1511,225
FY2025265$144M$250K52$34.6M3172,621
FY2024214$102M$150K44$36.7M2582,564
FY2023157$66.2M$150K31$33.1M1882,001
FY2022165$82.3M$150K62$51.2M2272,649
FY2021276$159M$250K46$27.7M3222,837
FY2020180$76.9M$150K26$12.3M2061,587
FY2019194$74.4M$120K20$17.2M2142,013
FY2018223$61.1M$101K16$13.8M2391,890
FY2017284$94.1M$106K19$10.7M3032,421
FY2016314$84.5M$100K30$21.5M3442,836

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Montana by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Yellowstone County282$174M6,06046.5
2Gallatin County244$154M6,82835.7
3Flathead County174$92.0M5,09234.2
4Missoula County126$57.5M4,81626.2
5Cascade County86$44.1M2,47234.8
6Lewis and Clark County75$48.1M2,60328.8
7Lake County50$19.0M99150.5
8Ravalli County42$19.5M1,71524.5
9Carbon County26$11.6M47454.9
10Park County15$10.5M94315.9
11Jefferson County14$11.1M34240.9
12Sanders County13$4.1M39433.0
13Richland County12$4.0M49824.1
14Silver Bow County12$9.1M1,2089.9
15Valley County11$1.2M27639.9
16Custer County11$4.8M45424.2
17Fergus County10$4.1M44422.5
18Stillwater County9$3.3M26334.2
19Lincoln County8$2.8M67111.9
20Beaverhead County7$1.5M39917.5
21Blaine County7$1.9M13551.9
22Rosebud County6$2.9M17833.7
23Dawson County6$9.2M29520.3
24Granite County5$2.3M11942.0
25Sweet Grass County5$5.4M18726.7
26Deer Lodge County4$1.6M31212.8
27Madison County4$6.9M4279.4
28Meagher County4$3.8M9343.0
29Roosevelt County4$3.5M20619.4
30Mineral County4$567K14427.8
31Big Horn County3$5.7M18116.6
32Broadwater County3$1.5M20714.5
33Phillips County3$3.1M13522.2
34Teton County3$1.8M23212.9
35Daniels County3$1.2M7639.5
36Hill County3$2.0M4936.1
37Pondera County3$986K18216.5
38Glacier County2—2308.7
39Powder River County2—6829.4
40Sheridan County2—15213.2
41Chouteau County2—15313.1
42Wibaux County2—3164.5
43McCone County1—5717.5
44Toole County1—1745.7
45Fallon County1—1277.9
46Liberty County1—6914.5
47Judith Basin County1—6016.7

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 7225116$53.2M8.8%
2Automotive Repair and MaintenanceNAICS 811159$41.8M4.5%
3Offices of Other Health PractitionersNAICS 621353$16.8M4.0%
4Services to Buildings and DwellingsNAICS 561749$11.2M3.7%
5Building Equipment ContractorsNAICS 238243$24.8M3.3%
6Other Professional, Scientific, and Technical ServicesNAICS 541935$25.4M2.7%
7Traveler AccommodationNAICS 721133$65.5M2.5%
8Other Amusement and Recreation IndustriesNAICS 713932$19.4M2.4%
9Other Specialty Trade ContractorsNAICS 238932$13.3M2.4%
10Personal Care ServicesNAICS 812129$8.9M2.2%
11Residential Building ConstructionNAICS 236129$7.2M2.2%
12Building Material and Supplies DealersNAICS 444125$20.9M1.9%
13General Freight TruckingNAICS 484124$15.8M1.8%
14Foundation, Structure, and Building Exterior ContractorsNAICS 238122$9.2M1.7%
15Other Personal ServicesNAICS 812919$5.2M1.4%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services18313.9%
2Retail Trade18113.8%
3Construction17913.6%
4Other Services (except Public Administration)13410.2%
5Health Care and Social Assistance1189.0%
6Professional, Scientific, and Technical Services1138.6%
7Manufacturing947.2%
8Administrative and Support and Waste Management and Remediation Services715.4%
9Real Estate and Rental and Leasing453.4%
10Wholesale Trade433.3%

Franchise brands

#BrandApprovalsShare
1Jersey Mike’s Subs40.3%
2Cold Stone Creamery40.3%
3Firehouse Subs40.3%
4Bath Fitter40.3%
5Domino's Pizza30.2%
6Taco John's30.2%
7Do it Best30.2%
8Earthwise Pet30.2%
9La Quinta by Wyndham20.2%
10Motel 620.2%

How earlier loans turned out

Montana, 7(a)3.5%
United States, 7(a)6.6%
Montana, 5040.0%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021MT 7(a)US 7(a)MT 504US 504
Approvals in these years3,441639,90534285,591
Cancelled or never disbursed37179,3135012,514
Disbursed loans3,070560,59229273,077
Paid in full2,615435,81313735,491
Charged off10636,8910905
Still outstanding (status exempt from disclosure)34987,88815536,681
Charged off, share of disbursed loans3.5%6.6%0.0%1.2%
Dollars charged off, share of disbursed dollars1.2%2.5%0.0%0.9%
Dollars charged off$11.3M$5.70bn$0$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025MontanaUnited States
Approvals per 1,000 establishments30.841.0
Median 7(a) approval$200K$190K
Median 504 approval$469K$657K
504 share of approvals17.9%11.0%
Jobs supported per approval, as reported9.710.5
Approvals, change on FY2016–FY20200%10%

Questions and answers

Which lenders make the most SBA loans in Montana?

By 7(a) approvals in FY2021 to FY2025: Glacier Bank (118), The Yellowstone Bank (97), U.S. Bank, National Association (75), Wells Fargo Bank National Association (61), First Interstate Bank (55). For 504 loans: Capital Matrix, Inc. (87), Dakota Business Lending (63), Big Sky Economic Development Corporation (60). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Montana?

The median 7(a) approval was $200K and the median 504 approval $469K; the average across both programs was $561K.

Which industries get the most SBA loans in Montana?

Restaurants and Other Eating Places (116); Automotive Repair and Maintenance (59); Offices of Other Health Practitioners (53); Services to Buildings and Dwellings (49); Building Equipment Contractors (43).

Which Montana counties receive the most SBA loans?

Yellowstone County (282), Gallatin County (244), Flathead County (174), Missoula County (126), Cascade County (86), by approvals in FY2021 to FY2025.

Is SBA lending in Montana rising?

Approvals in the three latest complete fiscal years total 763, against 755 in the three before: broadly level (+1%).

What share of SBA loans in Montana are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 3.5% are recorded as charged off (national: 6.6%); for 504 loans the figure is 0.0% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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