GoSBA’s Top Montana SBA Lenders in 2024
Introduction to Montana SBA Loans
Montana is known for its scenic beauty, agricultural heritage, and thriving small business community. With a population of just over 1.1 million people, Montana has created a supportive environment for small businesses to grow and thrive. According to the U.S. Small Business Administration Office of Advocacy, there are over 120,000 small businesses in Montana, providing jobs and economic stability throughout the state.
For small business owners in Montana, securing financing is a crucial step towards growth. One of the most effective ways to do this is through an SBA loan, which offers favorable terms for small businesses. To help business owners find the best financing options, GoSBA Loans has compiled a ranking of the top SBA lenders in Montana for 2024, based on the amount of loans funded and loan volume.
Bozeman: A Great City for Small Businesses
Bozeman is one of the most vibrant cities in Montana for small business owners. With a growing economy, supportive community, and access to resources, Bozeman provides an ideal setting for entrepreneurs looking to start or expand their businesses. Bozeman’s business-friendly environment and access to funding make it a popular choice for those seeking to launch successful ventures in the state.
Challenges in Securing SBA Loans in Montana
Despite Montana’s thriving business community, accessing affordable financing can be challenging for many small businesses. In FY 2023, SBA lenders in Montana funded over 200 small businesses, contributing a total SBA loan volume of $70 million. The top SBA lenders in Montana—including First Bank of the Lake, Yellowstone Bank, and First Interstate Bank—have collectively helped numerous small businesses secure funding for their growth and expansion.
Choosing the right lender is essential for business success, as different lenders offer various loan terms, rates, and structures. GoSBA Loans is here to help you make informed decisions by providing a comprehensive overview of the best SBA lenders in Montana.
Finding the Best Montana SBA Lenders
At GoSBA Loans, we understand how important it is to find the right financing for your business. Whether you need funding for equipment purchases, refinancing existing debt, expanding your operations, or acquiring property, we strive to make the SBA lending process easy and accessible. Our mission is to connect small businesses in Montana with the best lenders, ensuring fast approval and competitive loan terms.
Overview of Montana SBA Loans in 2024
In 2024, SBA lenders in Montana have funded over 200 businesses, with a total loan volume of $70 million. This funding has had a significant impact on small businesses across the state, helping them grow, create jobs, and contribute to Montana’s economic development.
Analyzing the Top Montana SBA Lenders by Loan Volume and Loan Units Funded
First Bank of the Lake ranks as the top SBA lender in Montana by loan volume, funding $5.5 million across 3 loans. Yellowstone Bank follows with $5.4 million funded across 15 loans, showing its commitment to supporting Montana’s small businesses. Bank of Hope also ranks highly, funding $4.9 million across 2 loans.
First Interstate Bank is another significant player, funding $4.0 million across 9 loans. The diversity of lenders—ranging from large national institutions to smaller local banks—offers business owners various options for securing the financing that best fits their needs. Each lender offers unique benefits, such as favorable interest rates or loan structures tailored to different industries.
GoSBA’s Official Ranking: Best Montana SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the best Montana SBA lenders in 2024:
| Bank Name | Amount Funded | Loans Funded | Average Interest Rate |
| First Bank of the Lake | $5,459,500 | 3 | 11.17% |
| The Yellowstone Bank | $5,414,400 | 15 | 9.89% |
| Bank of Hope | $4,989,900 | 2 | 9.63% |
| America First FCU | $4,184,100 | 2 | 9.25% |
| First Interstate Bank | $3,989,100 | 9 | 9.78% |
| Newtek Bank, National Association | $3,945,000 | 8 | 12.69% |
| Bank of the Rockies | $3,707,000 | 6 | 9.00% |
| Wallis Bank | $3,702,000 | 2 | 10.50% |
| Mountain America FCU | $3,548,100 | 3 | 11.75% |
| Live Oak Banking Company | $3,180,000 | 1 | 8.25% |
| Three Rivers Bank of Montana | $2,900,000 | 1 | 10.00% |
| Pathward National Association | $2,550,000 | 1 | 10.50% |
| U.S. Bank, National Association | $2,533,200 | 19 | 9.95% |
| Endeavor Bank | $2,367,200 | 1 | 11.00% |
| Readycap Lending, LLC | $2,236,500 | 10 | 13.50% |
| First Western SBLC, Inc | $1,975,000 | 1 | 10.00% |
| Paragon Bank | $1,800,000 | 1 | 10.50% |
| Opportunity Bank of Montana | $1,664,000 | 4 | 8.50% |
| Hiawatha National Bank | $1,530,000 | 1 | 7.75% |
| Farmers State Bank | $1,328,100 | 3 | 9.83% |
| Montana Community Development Corp. | $1,277,100 | 11 | 11.61% |
| Stearns Bank National Association | $1,006,700 | 2 | 10.88% |
| Fund-Ex Solutions Group, LLC | $990,000 | 1 | 11.25% |
| First Montana Bank, Inc. | $955,800 | 1 | 10.00% |
| Stockman Bank of Montana | $950,000 | 2 | 7.38% |
| HomeTrust Bank | $895,000 | 1 | 11.00% |
| Manhattan Bank | $875,000 | 2 | 9.00% |
| Wells Fargo Bank, National Association | $668,900 | 14 | 12.90% |
| Northwest Bank | $640,000 | 2 | 11.25% |
| BayFirst National Bank | $636,900 | 5 | 13.25% |
| Glacier Bank | $570,800 | 4 | 9.50% |
| Valley Bank of Ronan | $519,000 | 3 | 8.00% |
| Cadence Bank | $500,000 | 1 | 11.25% |
| Harvest Small Business Finance, LLC | $500,000 | 1 | 11.00% |
| Northeast Bank | $486,700 | 5 | 11.25% |
| Platinum Bank | $472,500 | 1 | 11.00% |
| Centerstone SBA Lending, Inc. | $465,000 | 1 | 11.25% |
| United Midwest Savings Bank, National Association | $445,000 | 1 | 11.25% |
| Freedom Bank | $425,400 | 7 | 10.00% |
| West Town Bank & Trust | $400,000 | 1 | 11.25% |
| Bank of Bozeman | $400,000 | 1 | 10.75% |
| First State Bank of Forsyth | $345,000 | 1 | 10.00% |
| InBank | $300,000 | 1 | 11.00% |
| Lendistry SBLC, LLC | $252,700 | 2 | 13.00% |
| Bravera Bank | $240,000 | 2 | 10.00% |
| Colony Bank | $150,000 | 1 | 11.50% |
| Unity Bank | $150,000 | 1 | 9.00% |
| Celtic Bank Corporation | $141,500 | 1 | 11.25% |
| First Internet Bank of Indiana | $110,000 | 1 | 11.25% |
| First Command Bank | $50,000 | 1 | 11.75% |
Find the Right SBA Lender in Montana for Your Business
Whether you are a startup or an established business, securing the right financing is essential for your success. The lenders listed above provide a range of SBA loan options that are tailored to meet the diverse needs of Montana’s business community. By partnering with GoSBA Loans, you can ensure that your application is directed to the lenders most likely to approve your funding, helping you get the support your business needs.
Apply for an SBA Loan Today
Apply today to connect with the best SBA lenders in Montana and secure the funding your business needs to grow and succeed. The process is simple, and GoSBA Loans will help match you with the right lender based on your specific business requirements.
Why Choose GoSBA Loans?
GoSBA Loans is dedicated to making the SBA loan application process easier for businesses in Montana. By partnering with us, you gain access to a network of top lenders who are committed to supporting small businesses. Whether you need competitive interest rates, flexible loan terms, or a streamlined approval process, GoSBA Loans can help you find the best SBA lender in Montana.
Conclusion
Securing an SBA loan can open immense growth opportunities for your business. The Montana SBA lenders listed above have a strong track record of supporting small businesses, making them the best options for entrepreneurs in the state. Let GoSBA Loans help you find the ideal SBA lender in Montana for your business today.
