SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Montana seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Montana based on the number of loans, average loan amount, and average interest rates.
Montana Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Bank of Bridger | Bridger, MT | 16 | $139,938 | 6.6% |
| 2 | U.S. Bank | Cincinnati, OH | 14 | $257,514 | 6.5% |
| 3 | Glacier Bank | Kalispell, MT | 13 | $213,838 | 5.5% |
| 4 | The Yellowstone Bank | Laurel, MT | 13 | $672,331 | 6.2% |
| 5 | Three Rivers Bank of Montana | Kalispell, MT | 12 | $217,575 | 6.9% |
| 6 | Valley Bank of Ronan | Ronan, MT | 10 | $153,460 | 5.6% |
| 7 | Wells Fargo | Sioux Falls, SD | 9 | $190,900 | 9.5% |
| 8 | Manhattan Bank | Manhattan, MT | 6 | $153,333 | 4.3% |
| 9 | First Interstate Bank | Billings, MT | 5 | $621,780 | 6.3% |
| 10 | Live Oak | Wilmington, NC | 4 | $683,000 | 7.8% |
| 11 | BayFirst National Bank | Saint Petersburg, FL | 3 | $150,000 | 9.4% |
| 12 | Celtic Bank | Salt Lake City, UT | 3 | $436,100 | 7.0% |
| 13 | First Bank of the Lake | Osage Beach, MO | 3 | $529,933 | 7.0% |
| 14 | Readycap Lending, LLC | Berkeley Heights, NJ | 3 | $270,167 | 8.8% |
Top Industries for SBA loans in Montana
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Landscaping Services | 8 | $148,600 | 6.5% |
| 2 | Limited-Service Restaurants | 7 | $308,557 | 6.1% |
| 3 | All Other Specialty Trade Contractors | 5 | $518,400 | 7.3% |
| 4 | New Single-Family Housing Construction (except Operative Builders) | 5 | $65,800 | 6.6% |
| 5 | Hotels (except Casino Hotels) and Motels | 4 | $2,794,000 | 5.8% |
| 6 | Automotive Body, Paint, and Interior Repair and Maintenance | 3 | $303,700 | 7.0% |
| 7 | Full-Service Restaurants | 3 | $448,133 | 7.3% |
| 8 | General Automotive Repair | 3 | $759,467 | 6.1% |
| 9 | Pet Care (except Veterinary) Services | 3 | $583,833 | 5.8% |
Top SBA Loan Franchises in Montana
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | iTrip Vacations | 2 | $150,000 | 6.0% |
| 2 | Cold Stone Creamery | 2 | $148,200 | 6.0% |
| 3 | IGA USA – License Agreement | 2 | $683,650 | 5.7% |
| 4 | EarthWise Pet Supply | 2 | $733,750 | 6.0% |
Top Montana SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | WINDSTONE MEDICAL PACKAGING I | Billings, MT | Other Miscellaneous Nondurable Goods Merchant Wholesalers | $2.5M – $5M | 8.3% | 255 |
| 2 | SHELLIE’S RENTALS LLC | Helena, MT | Lessors of Nonresidential Buildings (except Miniwarehouses) | $1M – $2.5M | 4.8% | 93 |
| 3 | HILLSDALE HOME SALT LAKE CITY | Big Sky, MT | Furniture Merchant Wholesalers | $2.5M – $5M | 4.1% | 75 |
| 4 | ASSOCIATED LOGISTICS GROUP LLC | Bozeman, MT | Freight Transportation Arrangement | $250K – $500K | 5.3% | 55 |
| 5 | DISCOVERY PROPERTIES LLC | Helena, MT | Child Day Care Services | $1M – $2.5M | 5.8% | 49 |
| 6 | ARGYELAN LAWN CARE LLC | Bozeman, MT | Landscaping Services | $250K or less | 6.4% | 48 |
| 7 | SUNNHUND LLC | Bozeman, MT | Pet Care (except Veterinary) Services | $500K – $1M | 6.0% | 46 |
| 8 | ANDERSON RADIO BROADCASTING I | Polson, MT | Internet Publishing and Broadcasting | $250K or less | 6.5% | 42 |
| 9 | BABCOCK & MILES ENTERPRISES I | Red Lodge, MT | $250K – $500K | 7.5% | 36 | |
| 10 | MOUNTAIN DYE STUDIO LLC | Belgrade, MT | Apparel Accessories and Other Apparel Manufacturing | $500K – $1M | 4.6% | 36 |
| 11 | WYSKHE HOLDINGS LLC | Miles City, MT | Limited-Service Restaurants | $1M – $2.5M | 5.5% | 33 |
| 12 | PROJECT FRITZ LLC | Kalispell, MT | Limited-Service Restaurants | $250K or less | 6.0% | 32 |
| 13 | GRIZZLY FENCE & EXCAVATION LL | Missoula, MT | All Other Specialty Trade Contractors | $500K – $1M | 8.3% | 24 |
| 14 | ELEVATION ADVENTURE AND FITNES | Helena, MT | Fitness and Recreational Sports Centers | $1M – $2.5M | 5.3% | 24 |
| 15 | ELEVATION 3330 PUBLIC HOUSE | Great Falls, MT | Drinking Places (Alcoholic Beverages) | $250K – $500K | 8.3% | 23 |
| 16 | BKB MONTANA LLC | Billings, MT | Limited-Service Restaurants | $250K – $500K | 6.5% | 22 |
| 17 | LDYBOSS LLC | Great Falls, MT | Nursing Care Facilities | $500K – $1M | 6.9% | 22 |
| 18 | BROOKLYN BAGEL AND BAKERY LLC | Missoula, MT | Retail Bakeries | $500K – $1M | 6.0% | 21 |
| 19 | KLEINMAN FAMILY HOLDINGS INC. | Kalispell, MT | Limited-Service Restaurants | $250K or less | 7.8% | 20 |
| 20 | STARRY NIGHT HOSPITALITY LLC | Great Falls, MT | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 5.3% | 18 |
| 21 | STILLWATER BAR & GRILLE LLC | Absarokee, MT | Full-Service Restaurants | $500K – $1M | 6.8% | 17 |
| 22 | ROCKING BB LLC | Helena, MT | Limited-Service Restaurants | $250K or less | 6.0% | 16 |
| 23 | BAY HOLDINGS LLC | Helena, MT | Limited-Service Restaurants | $250K or less | 4.8% | 16 |
| 24 | EAGLE RIVER CONSTRUCTION & EXC | Whitefish, MT | All Other Specialty Trade Contractors | $250K – $500K | 7.1% | 16 |
| 25 | CARLSON INVESTMENT LLC | Bozeman, MT | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | $500K – $1M | 7.3% | 16 |
| 26 | TRANSOLUTION AUTO CARE CENTER | Missoula, MT | General Automotive Repair | $500K – $1M | 6.6% | 16 |
| 27 | THE BUNKHOUSE BREWERY LLC | Bozeman, MT | Breweries | $250K or less | 6.0% | 14 |
| 28 | NGUYEN HOLDINGS INC. | Rollins, MT | Meat Markets | $250K or less | 8.3% | 14 |
| 29 | GLENDIVE LODGING GROUP LLC | Glendive, MT | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 5.8% | 14 |
| 30 | EPHESIANS SIX SEVEN LLC | Bozeman, MT | Landscaping Services | $250K – $500K | 6.3% | 12 |
| 31 | BIG HORN VALLEY RANCH LLC | Fort Smith, MT | Hotels (except Casino Hotels) and Motels | $1M – $2.5M | 5.5% | 12 |
| 32 | ROOTS REHAB PLLC | Helena, MT | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $250K or less | 6.7% | 11 |
| 33 | ELK ‘N PINE LANDSCAPING LLC | Red Lodge, MT | Landscaping Services | $250K or less | 6.0% | 11 |
| 34 | PHO SAI GON LLC | Bozeman, MT | Full-Service Restaurants | $250K – $500K | 6.0% | 11 |
| 35 | GLACIER HOPS RANCH INC. | Whitefish, MT | Postharvest Crop Activities (except Cotton Ginning) | $500K – $1M | 8.3% | 11 |
| 36 | WHITE TREE LLC | Bozeman, MT | Commercial Gravure Printing | $500K – $1M | 6.0% | 11 |
| 37 | JASHI KALI HOSPITALITY LLC | Glendive, MT | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.5% | 11 |
Note about SBA lenders near me in Montana
When it comes to top Montana SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Montana preferred lender list, 2) approved lenders in Montana, or 3) active participants in the Montana SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Montana swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Montana, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.