SBA loans in Montana, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 322 loans in Montana: 276 under 7(a) and 46 under 504, worth $186M.

That is up 56% on FY2020, when there were 206 approvals worth $89.2M.

Montana accounted for 0.5% of the 61,532 approvals nationwide that year. 53 lenders had at least one approval in the state; The Yellowstone Bank had the most, 52.

322approvalsFY2020: 206

$186Mdollars approvedFY2020: $89.2M

$250Kmedian 7(a) approvalFY2020: $150K

53lenders with an approval

2,837jobs supported, as reported

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 FY2021, of 53 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	The Yellowstone Bank	7(a)	52	$28.5M	16.1%	11	+41
2	Glacier Bank	7(a)	49	$18.8M	15.2%	29	+20
3	Stockman Bank of Montana	7(a)	24	$18.5M	7.5%	11	+13
4	Bank of Bridger National Association	7(a)	19	$5.7M	5.9%	12	+7
5	Capital Matrix, Inc.	504	16	$5.3M	5.0%	12	+4
6	Dakota Business Lending	504	15	$14.5M	4.7%	7	+8
7	Wells Fargo Bank National Association	7(a)	14	$4.3M	4.3%	15	-1
8	Three Rivers Bank of Montana	7(a)	13	$4.1M	4.0%	10	+3
9	Big Sky Economic Development Corporation	504	12	$6.7M	3.7%	5	+7
10	Valley Bank of Ronan	7(a)	12	$3.6M	3.7%	3	+9
11	First Interstate Bank	7(a)	11	$2.2M	3.4%	8	+3
12	Opportunity Bank of Montana	7(a)	8	$4.1M	2.5%	1	+7
13	U.S. Bank, National Association	7(a)	8	$732K	2.5%	16	-8
14	Montana Community Development Corp.	7(a)	5	$678K	1.6%	4	+1
15	Newtek Small Business Finance, Inc.	7(a)	3	$4.4M	0.9%	2	+1
16	Beacon Bank and Trust	7(a)	3	$4.2M	0.9%	0	new
17	Bank of the Rockies	7(a)	3	$1.9M	0.9%	6	-3
18	Ascent Bank	7(a)	3	$1.3M	0.9%	0	new
19	High Plains Financial, Inc.	504	3	$1.1M	0.9%	1	+2
20	Freedom Bank	7(a)	3	$914K	0.9%	2	+1
21	Mountain America FCU	7(a)	3	$729K	0.9%	0	new
22	The Bancorp Bank National Association	7(a)	3	$706K	0.9%	0	new
23	Manhattan Bank	7(a)	3	$558K	0.9%	8	-5
24	Live Oak Banking Company	7(a)	2	—	0.6%	8	-6
25	TowneBank	7(a)	2	—	0.6%	0	new
26	Alaska Growth Capital BIDCO, Inc.	7(a)	2	—	0.6%	1	+1
27	Columbia Bank	7(a)	2	—	0.6%	1	+1
28	Altana Federal Credit Union	7(a)	2	—	0.6%	5	-3
29	First State Bank of Forsyth	7(a)	2	—	0.6%	1	+1
30	Farmers State Bank	7(a)	2	—	0.6%	0	new
31	1st Financial Bank USA	7(a)	1	—	0.3%	0	new
32	Colony Bank	7(a)	1	—	0.3%	0	new
33	Celtic Bank Corporation	7(a)	1	—	0.3%	0	new
34	The First National Bank of McGregor d/b/a TFNB Your Bank for Life	7(a)	1	—	0.3%	0	new
35	First Montana Bank, Inc.	7(a)	1	—	0.3%	2	-1
36	Royal Business Bank	7(a)	1	—	0.3%	0	new
37	United Midwest Savings Bank National Association	7(a)	1	—	0.3%	3	-2
38	First Bank of the Lake	7(a)	1	—	0.3%	0	new
39	United Community Bank	7(a)	1	—	0.3%	1	0
40	Readycap Lending, LLC	7(a)	1	—	0.3%	1	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Yellowstone County	96	$50.3M	29.8%	42	+54
2	Gallatin County	49	$42.2M	15.2%	35	+14
3	Flathead County	41	$27.8M	12.7%	35	+6
4	Missoula County	35	$12.9M	10.9%	13	+22
5	Lewis and Clark County	13	$7.7M	4.0%	8	+5
6	Cascade County	13	$8.2M	4.0%	8	+5
7	Lake County	12	$3.5M	3.7%	7	+5
8	Carbon County	7	$3.2M	2.2%	10	-3
9	Park County	7	$4.4M	2.2%	6	+1
10	Lincoln County	4	$1.6M	1.2%	1	+3
11	Valley County	4	$490K	1.2%	3	+1
12	Custer County	4	$1.1M	1.2%	1	+3
13	Deer Lodge County	3	$680K	0.9%	0	new
14	Richland County	3	$520K	0.9%	4	-1
15	Sanders County	3	$765K	0.9%	0	new
16	Ravalli County	3	$2.8M	0.9%	3	0
17	Fergus County	3	$327K	0.9%	3	0
18	Jefferson County	2	—	0.6%	2	0
19	Silver Bow County	2	—	0.6%	4	-2
20	Phillips County	2	—	0.6%	4	-2
21	Teton County	2	—	0.6%	1	+1
22	Daniels County	2	—	0.6%	0	new
23	Madison County	1	—	0.3%	0	new
24	Stillwater County	1	—	0.3%	4	-3
25	Big Horn County	1	—	0.3%	0	new
26	Glacier County	1	—	0.3%	0	new
27	Granite County	1	—	0.3%	0	new
28	Powder River County	1	—	0.3%	0	new
29	Sheridan County	1	—	0.3%	0	new
30	Meagher County	1	—	0.3%	0	new
31	Chouteau County	1	—	0.3%	0	new
32	Rosebud County	1	—	0.3%	0	new
33	Dawson County	1	—	0.3%	1	0
34	Blaine County	1	—	0.3%	0	new

FY2021 against FY2020

Montana	FY2021	FY2020
7(a) approvals	276	180
7(a) dollars	$159M	$76.9M
Median 7(a) approval	$250K	$150K
504 approvals	46	26
504 dollars	$27.7M	$12.3M
Jobs supported, as reported	2,837	1,587

Questions and answers

Which lenders made the most SBA loans in Montana in FY2021?

The Yellowstone Bank (52), Glacier Bank (49), Stockman Bank of Montana (24), Bank of Bridger National Association (19), Capital Matrix, Inc. (16). 53 lenders had at least one approval.

How many SBA loans were approved in Montana in FY2021?

322: 276 under 7(a) worth $159M and 46 under 504 worth $27.7M.

Which Montana counties had the most SBA approvals in FY2021?

Yellowstone County (96), Gallatin County (49), Flathead County (41), Missoula County (35), Lewis and Clark County (13).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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