SBA loans in Montana, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 258 loans in Montana: 214 under 7(a) and 44 under 504, worth $139M.

That is up 37% on FY2023, when there were 188 approvals worth $99.3M.

Montana accounted for 0.3% of the 76,235 approvals nationwide that year. 62 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 20.

258approvalsFY2023: 188

$139Mdollars approvedFY2023: $99.3M

$150Kmedian 7(a) approvalFY2023: $150K

62lenders with an approval

2,564jobs 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 FY2024, of 62 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2023	Change
1	U.S. Bank, National Association	7(a)	20	$2.5M	7.8%	12	+8
2	The Yellowstone Bank	7(a)	17	$6.4M	6.6%	10	+7
3	Wells Fargo Bank National Association	7(a)	16	$694K	6.2%	16	0
4	Capital Matrix, Inc.	504	15	$11.4M	5.8%	9	+6
5	Montana Community Development Corp.	7(a)	13	$1.4M	5.0%	8	+5
6	First Interstate Bank	7(a)	12	$4.4M	4.7%	9	+3
7	Readycap Lending, LLC	7(a)	12	$2.3M	4.7%	6	+6
8	Big Sky Economic Development Corporation	504	11	$11.3M	4.3%	9	+2
9	Newtek Bank, National Association	7(a)	11	$6.4M	4.3%	3	+8
10	Dakota Business Lending	504	8	$5.1M	3.1%	8	0
11	Glacier Bank	7(a)	8	$1.6M	3.1%	18	-10
12	Freedom Bank	7(a)	8	$875K	3.1%	0	new
13	Bank of the Rockies	7(a)	6	$3.7M	2.3%	2	+4
14	Mountain West Small Business Finance	504	6	$3.1M	2.3%	4	+2
15	BayFirst National Bank	7(a)	6	$759K	2.3%	8	-2
16	Northeast Bank	7(a)	6	$737K	2.3%	1	+5
17	Opportunity Bank of Montana	7(a)	5	$1.9M	1.9%	0	new
18	Bravera Bank	7(a)	5	$1.5M	1.9%	1	+4
19	Valley Bank of Ronan	7(a)	4	$924K	1.6%	6	-2
20	First Bank of the Lake	7(a)	3	$5.5M	1.2%	0	new
21	High Plains Financial, Inc.	504	3	$5.0M	1.2%	1	+2
22	Mountain America FCU	7(a)	3	$3.5M	1.2%	1	+2
23	The Huntington National Bank	7(a)	3	$2.0M	1.2%	4	-1
24	Farmers State Bank	7(a)	3	$1.3M	1.2%	0	new
25	Lendistry SBLC, LLC	7(a)	3	$753K	1.2%	2	+1
26	Three Rivers Bank of Montana	7(a)	2	—	0.8%	3	-1
27	Bank of Hope	7(a)	2	—	0.8%	0	new
28	America First Federal Credit Union	7(a)	2	—	0.8%	1	+1
29	Wallis Bank	7(a)	2	—	0.8%	0	new
30	Live Oak Banking Company	7(a)	2	—	0.8%	1	+1
31	Ascent Bank	7(a)	2	—	0.8%	1	+1
32	Harvest Small Business Finance, LLC	7(a)	2	—	0.8%	0	new
33	United Midwest Savings Bank National Association	7(a)	2	—	0.8%	1	+1
34	Stearns Bank National Association	7(a)	2	—	0.8%	0	new
35	Stockman Bank of Montana	7(a)	2	—	0.8%	2	0
36	Manhattan Bank	7(a)	2	—	0.8%	2	0
37	Capital Bank, National Association	7(a)	2	—	0.8%	0	new
38	Northwest Bank	7(a)	2	—	0.8%	0	new
39	Celtic Bank Corporation	7(a)	2	—	0.8%	1	+1
40	Pathward National Association	7(a)	1	—	0.4%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2023	Change
1	Yellowstone County	52	$29.7M	20.2%	40	+12
2	Gallatin County	52	$21.9M	20.2%	28	+24
3	Flathead County	32	$17.0M	12.4%	31	+1
4	Missoula County	24	$11.4M	9.3%	13	+11
5	Cascade County	21	$15.6M	8.1%	11	+10
6	Lewis and Clark County	14	$14.0M	5.4%	10	+4
7	Ravalli County	11	$2.1M	4.3%	8	+3
8	Lake County	6	$2.5M	2.3%	5	+1
9	Carbon County	4	$4.2M	1.6%	5	-1
10	Silver Bow County	4	$770K	1.6%	1	+3
11	Sweet Grass County	4	$516K	1.6%	1	+3
12	Richland County	3	$501K	1.2%	1	+2
13	Beaverhead County	3	$921K	1.2%	3	0
14	Jefferson County	3	$1.2M	1.2%	2	+1
15	Custer County	3	$223K	1.2%	0	new
16	Blaine County	3	$1.3M	1.2%	2	+1
17	Sanders County	2	—	0.8%	3	-1
18	Stillwater County	2	—	0.8%	2	0
19	Park County	2	—	0.8%	0	new
20	Fergus County	2	—	0.8%	2	0
21	Roosevelt County	2	—	0.8%	1	+1
22	Rosebud County	2	—	0.8%	0	new
23	Deer Lodge County	1	—	0.4%	0	new
24	Big Horn County	1	—	0.4%	0	new
25	McCone County	1	—	0.4%	0	new
26	Broadwater County	1	—	0.4%	1	0
27	Hill County	1	—	0.4%	1	0
28	Mineral County	1	—	0.4%	2	-1
29	Pondera County	1	—	0.4%	0	new

FY2024 against FY2023

Montana	FY2024	FY2023
7(a) approvals	214	157
7(a) dollars	$102M	$66.2M
Median 7(a) approval	$150K	$150K
504 approvals	44	31
504 dollars	$36.7M	$33.1M
Jobs supported, as reported	2,564	2,001

Questions and answers

Which lenders made the most SBA loans in Montana in FY2024?

U.S. Bank, National Association (20), The Yellowstone Bank (17), Wells Fargo Bank National Association (16), Capital Matrix, Inc. (15), Montana Community Development Corp. (13). 62 lenders had at least one approval.

How many SBA loans were approved in Montana in FY2024?

258: 214 under 7(a) worth $102M and 44 under 504 worth $36.7M.

Which Montana counties had the most SBA approvals in FY2024?

Yellowstone County (52), Gallatin County (52), Flathead County (32), Missoula County (24), Cascade County (21).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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