Best SBA Lenders in Billings, MT (2026)
2025 FOIA data: top lenders, rates & industries for Billings SBA loans
SBA Loans in Billings, Montana
Looking for an SBA loan in Billings, Montana? Based on 2025 FOIA data, 45 SBA 7(a) loans were funded in Billings totaling $27.8M, supporting an estimated 426 jobs. With 25 active lenders competing for business in the Billings market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Billings is $618K at an average rate of 10.12%. The top lender in Billings is Live Oak Banking Company, with the most-funded industry being Offices of Certified Public Accountants. See all Montana SBA lenders for statewide rankings.
SBA Loans in Billings by Business Type
Whether you’re starting a new business in Billings, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 8% of SBA loans in Billings (9 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 20% (5 loans) — if you’re looking to buy a business in Billings, this is a proven use case for SBA financing. Existing businesses make up 49% and typically receive the most favorable terms.
Top SBA Lenders in Billings, MT (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Billings businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | $4.0M | 1 | 8.99% |
| 2 | Busey Bank | $3.5M | 2 | 9.62% |
| 3 | First Financial Bank | $2.2M | 2 | 9.25% |
| 4 | Hanover Community Bank | $2.2M | 2 | 9.25% |
| 5 | First Western SBLC, Inc | $2.1M | 1 | 8.5% |
| 6 | First Bank of Central Ohio | $2.0M | 2 | 9.75% |
| 7 | Cadence Bank | $2.0M | 1 | 10.25% |
| 8 | Wells Fargo Bank National Association | $2.0M | 1 | 8.65% |
| 9 | Glacier Bank | $1.5M | 6 | 9.54% |
| 10 | Readycap Lending, LLC | $1.2M | 4 | 11.31% |
The top lenders in Billings have direct experience with local businesses and understand the Billings market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Billings and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Billings
One 5-minute application. 25+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Billings
These are the industries that received the most SBA 7(a) funding in Billings in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Offices of Certified Public Accountants | 5 | $4.7M |
| Limited-Service Restaurants | 2 | $4.1M |
| General Freight Trucking, Local | 2 | $2.2M |
| Hotels (except Casino Hotels) and Motels | 1 | $2.1M |
| General Freight Trucking, Long Distance, Truckload | 1 | $2.0M |
| Sign Manufacturing | 1 | $2.0M |
| Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 1 | $1.2M |
| Insurance Agencies and Brokerages | 2 | $815K |
| Wood Window and Door Manufacturing | 1 | $675K |
| Snack and Nonalcoholic Beverage Bars | 2 | $665K |
Lenders with experience funding your specific industry in Billings understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Billings
Option 1: Apply directly to one of the top Billings lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Billings-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
