Unverified listing What this means
The Lender Report built this page from public records. First Interstate Bank has not reviewed it. Every lender's page starts this way, and it says nothing about First Interstate Bank itself. Each figure shows its source and date. Work at First Interstate Bank? You can claim this page for free.
SBA 504 record
First Interstate Bank: SBA 504 first liens made
First Interstate Bank, a bank based in Billings, MT, made 34 SBA 504 first liens in the 36 months ending September 30, 2026, $36.1M in all, net of cancelled approvals. The typical first lien was about $770K, and 22 were in the last 12 months. Most were in South Dakota.
- 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
- 34
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $36.1M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $770K
- SBA FOIA,
- Largest loan
- $4.5M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 22
- SBA FOIA,
Cite this
Source: The Lender Report, First Interstate Bank: SBA 504 first liens made, https://lender.report/lender/first-interstate-bank-mt/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 |
|---|---|---|---|---|---|---|---|
| Jun 2026 | South Dakota | SBA 504, Health Care and Social Assistance | $1.8M | 25 yr | SBA FOIA | ||
| Mar 2026 | Wyoming | SBA 504, Manufacturing | $750K | 25 yr | SBA FOIA | ||
| Feb 2026 | Washington | SBA 504, Gasoline Stations with Convenience Stores | $2.8M | 25 yr | SBA FOIA | ||
| Feb 2026 | South Dakota | SBA 504, Transportation and Warehousing | $320K | 25 yr | SBA FOIA | ||
| Jan 2026 | South Dakota | SBA 504, Other Services (except Public Administration) | $300K | 25 yr | SBA FOIA | ||
| Jan 2026 | South Dakota | SBA 504, Finance and Insurance | $110K | 25 yr | SBA FOIA | ||
| Dec 2025 | Montana | SBA 504, Retail Trade | $1.5M | 25 yr | SBA FOIA | ||
| Dec 2025 | Montana | SBA 504, Transportation and Warehousing | $980K | 25 yr | SBA FOIA | ||
| Nov 2025 | South Dakota | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $380K | 25 yr | SBA FOIA | ||
| Sep 2025 | Montana | SBA 504, Management of Companies and Enterprises | $1.5M | 25 yr | SBA FOIA | ||
| Sep 2025 | Oregon | SBA 504, General Automotive Repair | $1.2M | 25 yr | SBA FOIA | ||
| Sep 2025 | Colorado | SBA 504, Offices of All Other Miscellaneous Health Practitioners | $590K | 25 yr | SBA FOIA | ||
| Aug 2025 | Colorado | SBA 504, Manufacturing | $3.6M | 20 yr | SBA FOIA | ||
| Aug 2025 | Idaho | SBA 504, Real Estate and Rental and Leasing | $930K | 25 yr | SBA FOIA | ||
| Jul 2025 | Oregon | SBA 504, Construction | $560K | 25 yr | SBA FOIA | ||
| Jun 2025 | Idaho | SBA 504, Limited-Service Restaurants | $1.5M | 25 yr | SBA FOIA | ||
| May 2025 | South Dakota | SBA 504, Health Care and Social Assistance | $800K | 25 yr | SBA FOIA | ||
| May 2025 | Montana | SBA 504, Real Estate and Rental and Leasing | $370K | 25 yr | SBA FOIA | ||
| May 2025 | Wyoming | SBA 504, Other Services (except Public Administration) | $340K | 25 yr | SBA FOIA | ||
| Jan 2025 | South Dakota | SBA 504, Construction | $770K | 25 yr | SBA FOIA | ||
| Dec 2024 | Oregon | SBA 504, Other Services (except Public Administration) | $290K | 25 yr | SBA FOIA | ||
| Nov 2024 | Montana | SBA 504, Other Services (except Public Administration) | $85K | 25 yr | SBA FOIA | ||
| Oct 2024 | South Dakota | SBA 504, Other Services (except Public Administration) | $710K | 25 yr | SBA FOIA | ||
| Oct 2024 | South Dakota | SBA 504, Lessors of Miniwarehouses and Self-Storage Units | $130K | 25 yr | SBA FOIA | ||
| Aug 2024 | South Dakota | SBA 504, Administrative and Support and Waste Management and Remediation Services | $860K | 20 yr | SBA FOIA | ||
| 34 SBA 504 first liens since October 2023, net of cancelled | $36.1M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| South Dakota | 12 | $9.93M |
| Montana | 7 | $6.49M |
| Idaho | 3 | $6.93M |
| Oregon | 3 | $2.05M |
| Wyoming | 3 | $1.35M |
| Colorado | 2 | $4.19M |
| Arizona | 1 | $1.50M |
| Missouri | 1 | $610K |
| Texas | 1 | $230K |
| Washington | 1 | $2.80M |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 3 | $325K |
| $150K to $350K | 6 | $1.74M |
| $350K to $1M | 14 | $9.71M |
| $1M to $2.5M | 7 | $10.5M |
| $2.5M or more | 4 | $13.8M |
| Quarter | First liens | Dollars |
|---|---|---|
| 2023 Q4 | 2 | $5.05M |
| 2024 Q1 | 4 | $5.27M |
| 2024 Q2 | 1 | $230K |
| 2024 Q3 | 3 | $3.21M |
| 2024 Q4 | 4 | $1.22M |
| 2025 Q1 | 1 | $770K |
| 2025 Q2 | 4 | $3.01M |
| 2025 Q3 | 6 | $8.38M |
| 2025 Q4 | 3 | $2.86M |
| 2026 Q1 | 5 | $4.28M |
| 2026 Q2 | 1 | $1.80M |
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 |
|---|---|
| Other Services (except Public Administration) | 5 |
| Construction | 3 |
| Health Care and Social Assistance | 3 |
| Real Estate and Rental and Leasing | 3 |
| Administrative and Support and Waste Management and Remediation Services | 2 |
| Professional, Scientific, and Technical Services | 2 |
| Wholesale Trade | 2 |
| Accommodation and Food Services | 1 |
| Finance and Insurance | 1 |
| Gasoline Stations with Convenience Stores (457110) | 1 |
| General Automotive Repair (811111) | 1 |
| Lessors of Miniwarehouses and Self-Storage Units (531130) | 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 | 17 |
| ALP Express | 9 |
| 504 Basic | 3 |
| 504 Refinancing Program | 3 |
| ALP Express Debt Refi | 2 |
| Certified Development Company | Projects |
|---|---|
| Capital Matrix, Inc. | 9 |
| Dakota Business Finance | 7 |
| Ally Dakota Development, Inc. | 5 |
| Evergreen Business Capital | 4 |
| Arizona Capital Source | 2 |
| B:Side Capital | 2 |
| Wyoming Capital Access | 2 |
| Big Sky Economic Development Corporation | 1 |
| Heartland Business Capital, Inc. | 1 |
| Mountain West Small Business Finance | 1 |
- First Interstate Bank made 34 SBA 504 first liens totaling $36.1M in the 36 months ending September 30, 2026, net of cancelled approvals, in 10 states. SBA FOIA,
- The SBA file shows 22 approvals naming First Interstate Bank as first-lien lender dated in the 12 months to September 30, 2026, and 19 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 $770K, with the middle half between $340K and $1.5M. SBA FOIA,
- The largest was about $4.5M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 3 loans were under $150K, and 11 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to Other Services (except Public Administration), with 5. SBA FOIA,
- The SBA file lists 17 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 10 Certified Development Companies, most often Capital Matrix, Inc.. SBA FOIA,
- Its loans were most often in South Dakota (12), Montana (7) and Idaho (3). SBA FOIA,
What we don't know
- Whether First Interstate Bank 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.