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The Lender Report built this page from public records. BMO Bank National Association has not reviewed it. Every lender's page starts this way, and it says nothing about BMO Bank National Association itself. Each figure shows its source and date. Work at BMO Bank National Association? You can claim this page for free.
SBA 504 record
BMO Bank National Association: SBA 504 first liens made
BMO Bank National Association, a bank based in Chicago, IL, made 29 SBA 504 first liens in the 36 months ending September 30, 2026, $66M in all, net of cancelled approvals. The typical first lien was about $2.1M, and 18 were in the last 12 months. Most were in California.
- Evidence
- SBA 504 loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- First liens, 36 months
- 29
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $66.0M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $2.1M
- SBA FOIA,
- Largest loan
- $7.9M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 18
- SBA FOIA,
Cite this
Source: The Lender Report, BMO Bank National Association: SBA 504 first liens made, https://lender.report/lender/bmo-bank-il/sba-504/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| May 2026 | California | SBA 504, Wholesale Trade | $3.1M | 25 yr | SBA FOIA | ||
| May 2026 | California | SBA 504, Manufacturing | $2.1M | 25 yr | SBA FOIA | ||
| Apr 2026 | California | SBA 504, Automotive Body, Paint, and Interior Repair and Maintenance | $550K | 25 yr | SBA FOIA | ||
| Mar 2026 | California | SBA 504, Other Miscellaneous Nondurable Goods Merchant Wholesalers | $4.5M | 25 yr | SBA FOIA | ||
| Mar 2026 | Arizona | SBA 504, Manufacturing | $4.3M | 25 yr | SBA FOIA | ||
| Dec 2025 | California | SBA 504, Construction | $3.6M | 25 yr | SBA FOIA | ||
| Sep 2025 | Wisconsin | SBA 504, All Other Miscellaneous Fabricated Metal Product Manufacturing | $2M | 10 yr | SBA FOIA | ||
| Jul 2025 | California | SBA 504, Limited-Service Restaurants | $930K | 25 yr | SBA FOIA | ||
| Jul 2025 | California | SBA 504, All Other Professional, Scientific, and Technical Services | $820K | 25 yr | SBA FOIA | ||
| Jul 2025 | Colorado | SBA 504, Offices of Chiropractors | $500K | 25 yr | SBA FOIA | ||
| May 2025 | California | SBA 504, Offices of Certified Public Accountants | $3M | 25 yr | SBA FOIA | ||
| May 2025 | California | SBA 504, Offices of Physicians (except Mental Health Specialists) | $1.6M | 25 yr | SBA FOIA | ||
| Apr 2025 | California | SBA 504, General Automotive Repair | $2.1M | 25 yr | SBA FOIA | ||
| Feb 2025 | California | SBA 504, Other Grocery and Related Products Merchant Wholesalers | $2.8M | 25 yr | SBA FOIA | ||
| Nov 2024 | Minnesota | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $2.1M | 25 yr | SBA FOIA | ||
| Oct 2024 | Minnesota | SBA 504, Construction | $3M | 25 yr | SBA FOIA | ||
| Sep 2024 | Indiana | SBA 504, Wholesale Trade | $7.9M | 25 yr | SBA FOIA | ||
| Sep 2024 | California | SBA 504, Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers | $2.5M | 25 yr | SBA FOIA | ||
| Jul 2024 | Kansas | SBA 504, Professional, Scientific, and Technical Services | $3.5M | 25 yr | SBA FOIA | ||
| Jul 2024 | Ohio | SBA 504, Retail Trade | $700K | 25 yr | SBA FOIA | ||
| May 2024 | Minnesota | SBA 504, Wholesale Trade | $2.5M | 25 yr | SBA FOIA | ||
| Feb 2024 | Wisconsin | SBA 504, Accommodation and Food Services | $2.2M | 25 yr | SBA FOIA | ||
| Feb 2024 | Arizona | SBA 504, All Other Specialty Trade Contractors | $710K | 25 yr | SBA FOIA | ||
| Feb 2024 | California | SBA 504, Offices of Real Estate Agents and Brokers | $420K | 25 yr | SBA FOIA | ||
| Dec 2023 | Texas | SBA 504, Health Care and Social Assistance | $2.3M | 25 yr | SBA FOIA | ||
| 29 SBA 504 first liens since October 2023, net of cancelled | $66.0M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| California | 15 | $30.9M |
| Minnesota | 3 | $7.60M |
| Arizona | 2 | $5.01M |
| Colorado | 2 | $2.60M |
| Wisconsin | 2 | $4.20M |
| Illinois | 1 | $1.20M |
| Indiana | 1 | $7.90M |
| Kansas | 1 | $3.50M |
| Ohio | 1 | $700K |
| Texas | 1 | $2.30M |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 0 | $0 |
| $350K to $1M | 8 | $5.25M |
| $1M to $2.5M | 10 | $20.0M |
| $2.5M or more | 11 | $40.7M |
| Quarter | First liens | Dollars |
|---|---|---|
| 2023 Q4 | 5 | $8.52M |
| 2024 Q1 | 3 | $3.33M |
| 2024 Q2 | 1 | $2.50M |
| 2024 Q3 | 4 | $14.6M |
| 2024 Q4 | 2 | $5.10M |
| 2025 Q1 | 1 | $2.80M |
| 2025 Q2 | 3 | $6.70M |
| 2025 Q3 | 4 | $4.25M |
| 2025 Q4 | 1 | $3.60M |
| 2026 Q1 | 2 | $8.80M |
| 2026 Q2 | 3 | $5.75M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | First liens |
|---|---|
| Wholesale Trade | 4 |
| Construction | 2 |
| Manufacturing | 2 |
| Accommodation and Food Services | 1 |
| All Other Amusement and Recreation Industries (713990) | 1 |
| All Other Miscellaneous Fabricated Metal Product Manufacturing (332999) | 1 |
| All Other Professional, Scientific, and Technical Services (541990) | 1 |
| All Other Specialty Trade Contractors (238990) | 1 |
| Automotive Body, Paint, and Interior Repair and Maintenance (811121) | 1 |
| Finish Carpentry Contractors (238350) | 1 |
| General Automotive Repair (811111) | 1 |
| Health Care and Social Assistance | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Accredited Lenders Program | 19 |
| 504 Basic | 3 |
| 504 Refinancing Program | 3 |
| ALP Express | 3 |
| Premier Certified Lenders Program | 1 |
| Certified Development Company | Projects |
|---|---|
| Business Finance Capital | 6 |
| The Mortgage Capital Development Corporation | 5 |
| Twin Cities-Metro Certified Development Company | 3 |
| Bay Area Employment Development Company | 2 |
| California Statewide Certified Development Corporation | 2 |
| Small Business Growth Corporation | 2 |
| WBD, Inc. | 2 |
| B:Side Capital | 1 |
| Capital Access Group, Inc. | 1 |
| Heartland Business Capital, Inc. | 1 |
- BMO Bank National Association made 29 SBA 504 first liens totaling $66M in the 36 months ending September 30, 2026, net of cancelled approvals, in 10 states. SBA FOIA,
- The SBA file shows 18 approvals naming BMO Bank National Association as first-lien lender dated in the 12 months to September 30, 2026, and 11 in the 12 months before. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical first lien was about $2.1M, with the middle half between $930K and $3M. SBA FOIA,
- The largest was about $7.9M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 21 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to Wholesale Trade, with 4. SBA FOIA,
- The SBA file lists 19 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 14 Certified Development Companies, most often Business Finance Capital. SBA FOIA,
- Its loans were most often in California (15), Minnesota (3) and Arizona (2). SBA FOIA,
What we don't know
- Whether BMO Bank National Association is taking new SBA 504 loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
SBA 504 figures count the first-lien lender on each SBA approval. Dollars are first-lien amounts.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.