SBA Ledger

States › Montana › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in Montana, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 188 loans in Montana: 157 under 7(a) and 31 under 504, worth $99.3M.

That is down 17% on FY2022, when there were 227 approvals worth $133M.

Montana accounted for 0.3% of the 63,286 approvals nationwide that year. 48 lenders had at least one approval in the state; Glacier Bank had the most, 18.

188approvalsFY2022: 227
$99.3Mdollars approvedFY2022: $133M
$150Kmedian 7(a) approvalFY2022: $150K
48lenders with an approval
2,001jobs 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 FY2023, of 48 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1Glacier Bank7(a)18$3.4M9.6%17+1
2Wells Fargo Bank National Association7(a)16$235K8.5%10+6
3U.S. Bank, National Association7(a)12$320K6.4%13-1
4The Yellowstone Bank7(a)10$6.1M5.3%14-4
5Bank of Bridger National Association7(a)10$3.0M5.3%16-6
6Capital Matrix, Inc.5049$6.9M4.8%27-18
7Big Sky Economic Development Corporation5049$5.4M4.8%13-4
8First Interstate Bank7(a)9$2.7M4.8%8+1
9Dakota Business Lending5048$11.1M4.3%19-11
10BayFirst National Bank7(a)8$1.3M4.3%1+7
11Montana Community Development Corp.7(a)8$1.2M4.3%1+7
12Readycap Lending, LLC7(a)6$5.5M3.2%3+3
13Valley Bank of Ronan7(a)6$1.1M3.2%15-9
14First Montana Bank, Inc.7(a)5$971K2.7%2+3
15Mountain West Small Business Finance5044$9.6M2.1%0new
16First Internet Bank of Indiana7(a)4$2.5M2.1%0new
17The Huntington National Bank7(a)4$1.3M2.1%0new
18Newtek Bank, National Association7(a)3$4.8M1.6%0new
19Three Rivers Bank of Montana7(a)3$171K1.6%15-12
20Lendistry SBLC, LLC7(a)2—1.1%0new
21Mountain Pacific Bank7(a)2—1.1%0new
22Meridian Bank7(a)2—1.1%0new
23Bank of the Rockies7(a)2—1.1%5-3
24Stockman Bank of Montana7(a)2—1.1%20
25Clearwater FCU7(a)2—1.1%0new
26Manhattan Bank7(a)2—1.1%6-4
27Stone Bank7(a)1—0.5%0new
28Hanover Community Bank7(a)1—0.5%0new
29Enterprise Bank & Trust7(a)1—0.5%0new
30Live Oak Banking Company7(a)1—0.5%6-5
31First Western SBLC, LLC7(a)1—0.5%10
32HomeTrust Bank7(a)1—0.5%10
33Happen Bank7(a)1—0.5%0new
34America First Federal Credit Union7(a)1—0.5%0new
35GBC International Bank7(a)1—0.5%0new
36First Business Bank7(a)1—0.5%0new
37Customers Bank7(a)1—0.5%0new
38The First State Bank of Shelby7(a)1—0.5%0new
39Celtic Bank Corporation7(a)1—0.5%3-2
40Bravera Bank7(a)1—0.5%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1Yellowstone County40$24.1M21.3%35+5
2Flathead County31$13.8M16.5%28+3
3Gallatin County28$15.1M14.9%52-24
4Missoula County13$4.0M6.9%22-9
5Cascade County11$2.5M5.9%13-2
6Lewis and Clark County10$3.9M5.3%11-1
7Ravalli County8$2.3M4.3%4+4
8Lake County5$1.3M2.7%13-8
9Carbon County5$1.6M2.7%10-5
10Valley County4$275K2.1%3+1
11Sanders County3$1.8M1.6%4-1
12Beaverhead County3$520K1.6%1+2
13Dawson County3$6.4M1.6%1+2
14Jefferson County2—1.1%5-3
15Stillwater County2—1.1%20
16Fergus County2—1.1%3-1
17Mineral County2—1.1%1+1
18Blaine County2—1.1%0new
19Richland County1—0.5%2-1
20Madison County1—0.5%10
21Glacier County1—0.5%0new
22Granite County1—0.5%10
23Silver Bow County1—0.5%0new
24Powder River County1—0.5%0new
25Broadwater County1—0.5%0new
26Phillips County1—0.5%0new
27Toole County1—0.5%0new
28Roosevelt County1—0.5%0new
29Liberty County1—0.5%0new
30Sweet Grass County1—0.5%0new
31Daniels County1—0.5%0new
32Hill County1—0.5%10

FY2023 against FY2022

MontanaFY2023FY2022
7(a) approvals157165
7(a) dollars$66.2M$82.3M
Median 7(a) approval$150K$150K
504 approvals3162
504 dollars$33.1M$51.2M
Jobs supported, as reported2,0012,649

Questions and answers

Which lenders made the most SBA loans in Montana in FY2023?

Glacier Bank (18), Wells Fargo Bank National Association (16), U.S. Bank, National Association (12), The Yellowstone Bank (10), Bank of Bridger National Association (10). 48 lenders had at least one approval.

How many SBA loans were approved in Montana in FY2023?

188: 157 under 7(a) worth $66.2M and 31 under 504 worth $33.1M.

Which Montana counties had the most SBA approvals in FY2023?

Yellowstone County (40), Flathead County (31), Gallatin County (28), Missoula County (13), Cascade County (11).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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