SBA Lenders in Montana
Top lenders ranked by real SBA lending data. See who's most active in Montana across deal count, loan size, and pricing.
What Borrowers Should Know
Montana's median 7(a) spread of P+2.39% is 36 basis points cheaper than the national median of P+2.75%. This pricing advantage suggests competitive pressure among Montana's 81 active lenders, particularly from Glacier Bank's market dominance with 871 deals (29% of all SBA loans in the state). You'll likely find better rate terms here than in most other states.
The average Montana SBA deal size is $325,016, which is on the smaller end for most states. This indicates the market serves many micro to small businesses rather than mid-market companies. If your loan request falls below $300,000, you're in the sweet spot for Montana lenders' typical deal flow; larger requests may face longer approval timelines or less enthusiasm.
Glacier Bank originates nearly 3 times more SBA loans than the second-place lender (Wells Fargo with 389 deals). This concentration means Glacier has refined processes and faster underwriting for Montana borrowers, but also that you should actively shop your application to at least 2–3 of the next-tier lenders (Big Sky Economic Development, Stockman Bank, U.S. Bank) to ensure competitive terms and avoid over-reliance on a single dominant player.
Total SBA Loans
2,962
Active Lenders
79
Avg Deal Size
$326K
Total Volume
$965.8M
Top 10 Lenders in Montana
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Glacier Bank | Bank | 871 | $190K | P + 2.25%GOOD | |
| 2 | Wells Fargo Bank National Association | Bank | 389 | $229K | P + 2.63%AVERAGE | |
| 3 | Big Sky Economic Development C | CDC/504 | 292 | $695K | — | |
| 4 | Stockman Bank of Montana | Bank | 258 | $193K | P + 2.23%GOOD | |
| 5 | U.S. Bank, National Association | Bank | 247 | $127K | P + 2.51%AVERAGE | |
| 6 | Bank of Bridger, National Association | Bank | 205 | $200K | P + 2.00%GOOD | |
| 7 | Three Rivers Bank of Montana | Bank | 145 | $362K | P + 2.75%AVERAGE | |
| 8 | UMB Bank, National Association | Bank | 100 | $254K | P + 2.63%AVERAGE | |
| 9 | Dakota Business Lending | Bank | 74 | $738K | — | |
| 10 | Ascent Bank | Bank | 40 | $279K | P + 2.25%GOOD |
Top Industries in Montana
SBA lending activity by industry segment.