FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Montana, FY2020
That fiscal year's approvals by lender and by county.
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.
In FY2020 (1 October 2019 to 30 September 2020) SBA approved 206 loans in Montana: 180 under 7(a) and 26 under 504, worth $89.2M.
That is about level with FY2019, when there were 214 approvals worth $91.6M.
Montana accounted for 0.4% of the 49,417 approvals nationwide that year. 42 lenders had at least one approval in the state; Glacier Bank had the most, 29.
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.
Approvals by lender
The 40 lenders with the most approvals to Montana businesses in FY2020, of 42 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Glacier Bank | 7(a) | 29 | $4.7M | 14.1% | 44 | -15 |
| 2 | U.S. Bank, National Association | 7(a) | 16 | $1.4M | 7.8% | 19 | -3 |
| 3 | Wells Fargo Bank National Association | 7(a) | 15 | $1.2M | 7.3% | 20 | -5 |
| 4 | Capital Matrix, Inc. | 504 | 12 | $7.5M | 5.8% | 1 | +11 |
| 5 | Bank of Bridger National Association | 7(a) | 12 | $1.3M | 5.8% | 9 | +3 |
| 6 | The Yellowstone Bank | 7(a) | 11 | $5.8M | 5.3% | 10 | +1 |
| 7 | Stockman Bank of Montana | 7(a) | 11 | $2.4M | 5.3% | 11 | 0 |
| 8 | Three Rivers Bank of Montana | 7(a) | 10 | $4.6M | 4.9% | 12 | -2 |
| 9 | Live Oak Banking Company | 7(a) | 8 | $11.4M | 3.9% | 5 | +3 |
| 10 | First Interstate Bank | 7(a) | 8 | $4.3M | 3.9% | 3 | +5 |
| 11 | Manhattan Bank | 7(a) | 8 | $2.9M | 3.9% | 3 | +5 |
| 12 | Dakota Business Lending | 504 | 7 | $2.0M | 3.4% | 1 | +6 |
| 13 | Bank of the Rockies | 7(a) | 6 | $3.7M | 2.9% | 4 | +2 |
| 14 | Big Sky Economic Development Corporation | 504 | 5 | $2.2M | 2.4% | 16 | -11 |
| 15 | Altana Federal Credit Union | 7(a) | 5 | $999K | 2.4% | 0 | new |
| 16 | Montana Community Development Corp. | 7(a) | 4 | $600K | 1.9% | 10 | -6 |
| 17 | UMB Bank, National Association | 7(a) | 3 | $3.6M | 1.5% | 4 | -1 |
| 18 | United Midwest Savings Bank National Association | 7(a) | 3 | $1.8M | 1.5% | 1 | +2 |
| 19 | Five Star Bank | 7(a) | 3 | $645K | 1.5% | 0 | new |
| 20 | Valley Bank of Ronan | 7(a) | 3 | $140K | 1.5% | 4 | -1 |
| 21 | First Western SBLC, LLC | 7(a) | 2 | — | 1.0% | 1 | +1 |
| 22 | First Montana Bank, Inc. | 7(a) | 2 | — | 1.0% | 1 | +1 |
| 23 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 1.0% | 4 | -2 |
| 24 | Associated Bank National Association | 7(a) | 2 | — | 1.0% | 0 | new |
| 25 | Freedom Bank | 7(a) | 2 | — | 1.0% | 0 | new |
| 26 | Fountainhead SBF LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 27 | Columbia Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 28 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 29 | Opportunity Bank of Montana | 7(a) | 1 | — | 0.5% | 2 | -1 |
| 30 | United Community Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 31 | Readycap Lending, LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | Paragon Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 33 | Eastern Idaho Development Corporation | 504 | 1 | — | 0.5% | 1 | 0 |
| 34 | Flagstar Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 35 | Stearns Bank National Association | 7(a) | 1 | — | 0.5% | 5 | -4 |
| 36 | American Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 37 | The Bank of Commerce | 7(a) | 1 | — | 0.5% | 0 | new |
| 38 | First State Bank of Forsyth | 7(a) | 1 | — | 0.5% | 0 | new |
| 39 | BayFirst National Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 40 | High Plains Financial, Inc. | 504 | 1 | — | 0.5% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Yellowstone County | 42 | $20.2M | 20.4% | 53 | -11 |
| 2 | Flathead County | 35 | $14.1M | 17.0% | 26 | +9 |
| 3 | Gallatin County | 35 | $13.8M | 17.0% | 39 | -4 |
| 4 | Missoula County | 13 | $9.4M | 6.3% | 27 | -14 |
| 5 | Carbon County | 10 | $2.3M | 4.9% | 5 | +5 |
| 6 | Lewis and Clark County | 8 | $7.6M | 3.9% | 8 | 0 |
| 7 | Cascade County | 8 | $2.5M | 3.9% | 5 | +3 |
| 8 | Lake County | 7 | $1.6M | 3.4% | 3 | +4 |
| 9 | Park County | 6 | $873K | 2.9% | 3 | +3 |
| 10 | Richland County | 4 | $801K | 1.9% | 9 | -5 |
| 11 | Stillwater County | 4 | $532K | 1.9% | 0 | new |
| 12 | Silver Bow County | 4 | $472K | 1.9% | 6 | -2 |
| 13 | Phillips County | 4 | $1.7M | 1.9% | 0 | new |
| 14 | Beaverhead County | 3 | $1.1M | 1.5% | 2 | +1 |
| 15 | Ravalli County | 3 | $1.5M | 1.5% | 4 | -1 |
| 16 | Fergus County | 3 | $1.3M | 1.5% | 2 | +1 |
| 17 | Valley County | 3 | $259K | 1.5% | 0 | new |
| 18 | Jefferson County | 2 | — | 1.0% | 6 | -4 |
| 19 | Fallon County | 2 | — | 1.0% | 0 | new |
| 20 | Lincoln County | 1 | — | 0.5% | 1 | 0 |
| 21 | Broadwater County | 1 | — | 0.5% | 0 | new |
| 22 | Custer County | 1 | — | 0.5% | 3 | -2 |
| 23 | Wheatland County | 1 | — | 0.5% | 0 | new |
| 24 | Toole County | 1 | — | 0.5% | 1 | 0 |
| 25 | Teton County | 1 | — | 0.5% | 1 | 0 |
| 26 | Hill County | 1 | — | 0.5% | 0 | new |
| 27 | Dawson County | 1 | — | 0.5% | 3 | -2 |
| 28 | Pondera County | 1 | — | 0.5% | 0 | new |
| 29 | Musselshell County | 1 | — | 0.5% | 0 | new |
FY2020 against FY2019
| Montana | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 180 | 194 |
| 7(a) dollars | $76.9M | $74.4M |
| Median 7(a) approval | $150K | $120K |
| 504 approvals | 26 | 20 |
| 504 dollars | $12.3M | $17.2M |
| Jobs supported, as reported | 1,587 | 2,013 |
Questions and answers
Which lenders made the most SBA loans in Montana in FY2020?
Glacier Bank (29), U.S. Bank, National Association (16), Wells Fargo Bank National Association (15), Capital Matrix, Inc. (12), Bank of Bridger National Association (12). 42 lenders had at least one approval.
How many SBA loans were approved in Montana in FY2020?
206: 180 under 7(a) worth $76.9M and 26 under 504 worth $12.3M.
Which Montana counties had the most SBA approvals in FY2020?
Yellowstone County (42), Flathead County (35), Gallatin County (35), Missoula County (13), Carbon County (10).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error