FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Montana, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 227 loans in Montana: 165 under 7(a) and 62 under 504, worth $133M.
That is down 30% on FY2021, when there were 322 approvals worth $186M.
Montana accounted for 0.4% of the 56,932 approvals nationwide that year. 40 lenders had at least one approval in the state; Capital Matrix, Inc. had the most, 27.
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 FY2022, of 40 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Capital Matrix, Inc. | 504 | 27 | $22.7M | 11.9% | 16 | +11 |
| 2 | Dakota Business Lending | 504 | 19 | $10.8M | 8.4% | 15 | +4 |
| 3 | Glacier Bank | 7(a) | 17 | $3.7M | 7.5% | 49 | -32 |
| 4 | Bank of Bridger National Association | 7(a) | 16 | $1.8M | 7.0% | 19 | -3 |
| 5 | Valley Bank of Ronan | 7(a) | 15 | $5.1M | 6.6% | 12 | +3 |
| 6 | Three Rivers Bank of Montana | 7(a) | 15 | $3.7M | 6.6% | 13 | +2 |
| 7 | The Yellowstone Bank | 7(a) | 14 | $8.4M | 6.2% | 52 | -38 |
| 8 | Big Sky Economic Development Corporation | 504 | 13 | $13.7M | 5.7% | 12 | +1 |
| 9 | U.S. Bank, National Association | 7(a) | 13 | $2.7M | 5.7% | 8 | +5 |
| 10 | Wells Fargo Bank National Association | 7(a) | 10 | $2.3M | 4.4% | 14 | -4 |
| 11 | First Interstate Bank | 7(a) | 8 | $10.4M | 3.5% | 11 | -3 |
| 12 | Live Oak Banking Company | 7(a) | 6 | $6.9M | 2.6% | 2 | +4 |
| 13 | Manhattan Bank | 7(a) | 6 | $920K | 2.6% | 3 | +3 |
| 14 | Bank of the Rockies | 7(a) | 5 | $2.7M | 2.2% | 3 | +2 |
| 15 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $540K | 1.8% | 3 | +1 |
| 16 | First Bank of the Lake | 7(a) | 3 | $1.6M | 1.3% | 1 | +2 |
| 17 | Ascent Bank | 7(a) | 3 | $1.6M | 1.3% | 3 | 0 |
| 18 | Celtic Bank Corporation | 7(a) | 3 | $1.3M | 1.3% | 1 | +2 |
| 19 | Readycap Lending, LLC | 7(a) | 3 | $811K | 1.3% | 1 | +2 |
| 20 | Opportunity Bank of Montana | 7(a) | 2 | — | 0.9% | 8 | -6 |
| 21 | TowneBank | 7(a) | 2 | — | 0.9% | 2 | 0 |
| 22 | High Plains Financial, Inc. | 504 | 2 | — | 0.9% | 3 | -1 |
| 23 | First Montana Bank, Inc. | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 24 | United Community Bank | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 25 | Stockman Bank of Montana | 7(a) | 2 | — | 0.9% | 24 | -22 |
| 26 | Citizens Alliance Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 27 | Stearns Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 28 | Byline Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 29 | Wyoming Capital Access | 504 | 1 | — | 0.4% | 0 | new |
| 30 | Mountain America FCU | 7(a) | 1 | — | 0.4% | 3 | -2 |
| 31 | First Western SBLC, LLC | 7(a) | 1 | — | 0.4% | 0 | new |
| 32 | HomeTrust Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 33 | First-Citizens Bank & Trust Company | 7(a) | 1 | — | 0.4% | 0 | new |
| 34 | Blue Ridge Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 35 | MVB Bank, Inc. | 7(a) | 1 | — | 0.4% | 0 | new |
| 36 | BankVista | 7(a) | 1 | — | 0.4% | 0 | new |
| 37 | Bank of Bozeman | 7(a) | 1 | — | 0.4% | 0 | new |
| 38 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 39 | BayFirst National Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 40 | Montana Community Development Corp. | 7(a) | 1 | — | 0.4% | 5 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Gallatin County | 52 | $34.9M | 22.9% | 49 | +3 |
| 2 | Yellowstone County | 35 | $29.6M | 15.4% | 96 | -61 |
| 3 | Flathead County | 28 | $8.9M | 12.3% | 41 | -13 |
| 4 | Missoula County | 22 | $14.6M | 9.7% | 35 | -13 |
| 5 | Lake County | 13 | $4.8M | 5.7% | 12 | +1 |
| 6 | Cascade County | 13 | $9.9M | 5.7% | 13 | 0 |
| 7 | Lewis and Clark County | 11 | $12.8M | 4.8% | 13 | -2 |
| 8 | Carbon County | 10 | $2.6M | 4.4% | 7 | +3 |
| 9 | Jefferson County | 5 | $3.5M | 2.2% | 2 | +3 |
| 10 | Sanders County | 4 | $521K | 1.8% | 3 | +1 |
| 11 | Ravalli County | 4 | $1.8M | 1.8% | 3 | +1 |
| 12 | Lincoln County | 3 | $586K | 1.3% | 4 | -1 |
| 13 | Fergus County | 3 | $782K | 1.3% | 3 | 0 |
| 14 | Valley County | 3 | $415K | 1.3% | 4 | -1 |
| 15 | Richland County | 2 | — | 0.9% | 3 | -1 |
| 16 | Stillwater County | 2 | — | 0.9% | 1 | +1 |
| 17 | Meagher County | 2 | — | 0.9% | 1 | +1 |
| 18 | Wibaux County | 2 | — | 0.9% | 0 | new |
| 19 | Beaverhead County | 1 | — | 0.4% | 0 | new |
| 20 | Madison County | 1 | — | 0.4% | 1 | 0 |
| 21 | Park County | 1 | — | 0.4% | 7 | -6 |
| 22 | Big Horn County | 1 | — | 0.4% | 1 | 0 |
| 23 | Granite County | 1 | — | 0.4% | 1 | 0 |
| 24 | Custer County | 1 | — | 0.4% | 4 | -3 |
| 25 | Teton County | 1 | — | 0.4% | 2 | -1 |
| 26 | Chouteau County | 1 | — | 0.4% | 1 | 0 |
| 27 | Judith Basin County | 1 | — | 0.4% | 0 | new |
| 28 | Hill County | 1 | — | 0.4% | 0 | new |
| 29 | Mineral County | 1 | — | 0.4% | 0 | new |
| 30 | Dawson County | 1 | — | 0.4% | 1 | 0 |
| 31 | Pondera County | 1 | — | 0.4% | 0 | new |
FY2022 against FY2021
| Montana | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 165 | 276 |
| 7(a) dollars | $82.3M | $159M |
| Median 7(a) approval | $150K | $250K |
| 504 approvals | 62 | 46 |
| 504 dollars | $51.2M | $27.7M |
| Jobs supported, as reported | 2,649 | 2,837 |
Questions and answers
Which lenders made the most SBA loans in Montana in FY2022?
Capital Matrix, Inc. (27), Dakota Business Lending (19), Glacier Bank (17), Bank of Bridger National Association (16), Valley Bank of Ronan (15). 40 lenders had at least one approval.
How many SBA loans were approved in Montana in FY2022?
227: 165 under 7(a) worth $82.3M and 62 under 504 worth $51.2M.
Which Montana counties had the most SBA approvals in FY2022?
Gallatin County (52), Yellowstone County (35), Flathead County (28), Missoula County (22), Lake County (13).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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