SBA 7(a) loans in Montana
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
563loans approved
$225,000median loan
$65K–$556Kmiddle half of loans
$320.6Mtotal approved
10%median initial rate
10 yrsmedian term
The median Montana loan is 29% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Limited-Service Restaurants (722513) | 21 | $452,000 |
| Full-Service Restaurants (722511) | 20 | $150,000 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 19 | $700,000 |
| Hotels (except Casino Hotels) and Motels (721110) | 17 | $1,750,000 |
| Fitness and Recreational Sports Centers (713940) | 15 | $100,000 |
| Offices of Chiropractors (621310) | 14 | $106,000 |
| Landscaping Services (561730) | 14 | $174,500 |
| Snack and Nonalcoholic Beverage Bars (722515) | 13 | $160,000 |
| Residential Remodelers (236118) | 11 | $50,000 |
| Insurance Agencies and Brokerages (524210) | 11 | $350,000 |
Most active lenders in Montana
| Lender | Loans | Median | Total |
|---|---|---|---|
| U.S. Bank, National Association | 51 | $35,000 | $5.7M |
| Glacier Bank | 44 | $250,000 | $21.8M |
| First Interstate Bank | 35 | $50,000 | $13.6M |
| The Yellowstone Bank | 29 | $200,000 | $11.2M |
| Readycap Lending, LLC | 29 | $50,000 | $7.3M |
| Wells Fargo Bank National Association | 25 | $15,000 | $6.0M |
| Newtek Bank, National Association | 22 | $250,000 | $9.0M |
| Northeast Bank | 21 | $100,000 | $2.9M |
| Montana Community Development Corp. | 20 | $106,600 | $2.5M |
| Live Oak Banking Company | 20 | $441,000 | $26.5M |
SBA 504 loans in Montana
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
133504 loans approved
$493,000median CDC portion
$93.1Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Montana
| Lender | Loans | Median | Total |
|---|---|---|---|
| Capital Matrix, INC. | 47 | $469,000 | $32.2M |
| Dakota Business Lending | 35 | $414,000 | $23.6M |
| Big Sky Economic Development Corporation | 35 | $642,000 | $25.4M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.