SBA data · Montana
SBA lending in Montana
4,924 loans worth $1.92B have been approved for Montana projects since FY2010 - the #40 state by SBA dollars, 0.4% of the national total.
State rank
#40
by dollars approved
Approved
$1.92B
FY2010 onward
Loans
4,924
Median loan
$150,000
-17% vs national
Median 7(a) rate
6.25%
Jobs supported
43,588
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Montana
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in MT | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Big Sky Economic Development Corporation | $208.5M | 303 | $687,983 | |
| 2 | Glacier Bank | $170.2M | 882 | $193,014 | |
| 3 | The Yellowstone Bank | $126.4M | 359 | $352,040 | |
| 4 | First Interstate Bank | $118.2M | 426 | $277,347 | |
| 5 | Live Oak Banking Company | $105.4M | 81 | $1,301,599 | |
| 6 | Wells Fargo Bank | $89.5M | 390 | $229,404 | |
| 7 | Capital Matrix, Inc. | $74.6M | 111 | $671,820 | |
| 8 | Dakota Business Lending | $58.5M | 82 | $713,280 | |
| 9 | Three Rivers Bank of Montana | $56.1M | 148 | $379,047 | |
| 10 | Stockman Bank of Montana | $52.1M | 264 | $197,538 | |
| 11 | Bank of Bridger | $41.0M | 205 | $200,233 | |
| 12 | Alaska Growth Capital BIDCO, Inc. | $38.2M | 18 | $2,120,156 |
By sector in Montana
- Restaurants & Hotels671 · $360.3M
- Retail424 · $214.1M
- Health Care439 · $186.8M
- Construction679 · $170.4M
- Other Services404 · $150.6M
- Professional Services369 · $110.2M
- Real Estate162 · $86.4M
- Wholesale205 · $85.8M
- Administrative & Waste267 · $66.6M
- Arts & Recreation154 · $64.5M
- Manufacturing145 · $58.2M
- Transportation196 · $53.7M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Montana. The final bar is a partial fiscal year.
Loan sizes in Montana
- Under $50K25%
- $50K - $150K25%
- $150K - $350K23%
- $350K - $1M18%
- $1M - $2M6%
- Over $2M4%
SBA lending in Montana: common questions
- How many SBA loans are approved in Montana?
- 4,924 SBA 7(a) and 504 loans totalling $1,919,460,200 have been approved for projects in Montana since fiscal year 2010, ranking it #40 among states and territories by dollars approved - 0.4% of all SBA lending nationally.
- Which lenders make the most SBA loans in Montana?
- By dollars approved in Montana, the most active lenders are Big Sky Economic Development Corporation, Glacier Bank, The Yellowstone Bank, First Interstate Bank, Live Oak Banking Company. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Montana?
- The median gross approval in Montana is $150,000, 17% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $990,000.
- Do I need to use a lender based in Montana?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Montana, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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