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SBA 504 record

Glacier Bank: SBA 504 first liens made

Glacier Bank, a bank based in Kalispell, MT, made 127 SBA 504 first liens in the 36 months ending September 30, 2026, $97.5M in all, net of cancelled approvals. The typical first lien was about $560K, and 62 were in the last 12 months. Most were in Montana.

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
127
SBA FOIA,
Net of cancelled approvals
Dollars
$97.5M
SBA FOIA,
Rounded amounts
Typical loan
$560K
SBA FOIA,
Largest loan
$5.4M
SBA FOIA,
Rounded to 2 significant figures
Last 12 months
62
SBA FOIA,

Cite this

Source: The Lender Report, Glacier Bank: SBA 504 first liens made, https://lender.report/lender/glacier-bank-mt/sba-504/, data as of September 30, 2026.

Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.

Glacier BankNewest first
PeriodPlaceLoanAmountRateTermLTVSource
Jun 2026ArizonaSBA 504, Other Services (except Public Administration)$230K25 yrSBA FOIA
Jun 2026MontanaSBA 504, Limited-Service Restaurants$220K25 yrSBA FOIA
May 2026MontanaSBA 504, All Other Specialty Trade Contractors$880K25 yrSBA FOIA
May 2026ArizonaSBA 504, Offices of All Other Miscellaneous Health Practitioners$260K25 yrSBA FOIA
May 2026IdahoSBA 504, Professional, Scientific, and Technical Services$260K25 yrSBA FOIA
Apr 2026UtahSBA 504, Wholesale Trade$1.8M25 yrSBA FOIA
Apr 2026MontanaSBA 504, Health Care and Social Assistance$130K25 yrSBA FOIA
Mar 2026UtahSBA 504, All Other Specialty Trade Contractors$310K25 yrSBA FOIA
Mar 2026WyomingSBA 504, Construction$310K25 yrSBA FOIA
Feb 2026UtahSBA 504, Construction$2.1M25 yrSBA FOIA
Feb 2026WyomingSBA 504, Accommodation and Food Services$440K25 yrSBA FOIA
Feb 2026MontanaSBA 504, Professional, Scientific, and Technical Services$340K25 yrSBA FOIA
Feb 2026ArizonaSBA 504, Wholesale Trade$310K25 yrSBA FOIA
Feb 2026MontanaSBA 504, Professional, Scientific, and Technical Services$220K25 yrSBA FOIA
Feb 2026IdahoSBA 504, Administrative and Support and Waste Management and Remediation Services$100K25 yrSBA FOIA
Jan 2026UtahSBA 504, Construction$1.2M25 yrSBA FOIA
Jan 2026IdahoSBA 504, Wholesale Trade$560K25 yrSBA FOIA
Jan 2026WyomingSBA 504, Accommodation and Food Services$250K25 yrSBA FOIA
Jan 2026WashingtonSBA 504, Offices of Chiropractors$240K25 yrSBA FOIA
Dec 2025WyomingSBA 504, Other Services (except Public Administration)$1.2M25 yrSBA FOIA
Dec 2025WyomingSBA 504, Other Services (except Public Administration)$1.2M25 yrSBA FOIA
Dec 2025ArizonaSBA 504, Plumbing, Heating, and Air-Conditioning Contractors$380K25 yrSBA FOIA
Nov 2025MontanaSBA 504, Wholesale Trade$980K25 yrSBA FOIA
Nov 2025MontanaSBA 504, Other Services (except Public Administration)$520K10 yrSBA FOIA
Nov 2025MontanaSBA 504, Other Services (except Public Administration)$370K10 yrSBA FOIA
127 SBA 504 first liens since October 2023, net of cancelled$97.5MSBA FOIA

A blank means the source did not report it.

Where Glacier Bank's SBA 504 first liens were made, most loans first
StateFirst liensDollars
Montana28$15.2M
Utah26$24.0M
Idaho20$11.8M
Arizona16$7.50M
Nevada13$14.6M
Wyoming11$6.59M
Washington5$2.87M
Colorado3$3.14M
Texas3$8.70M
California1$2.40M
North Dakota1$660K
SBA FOIA,

SBA loans are on record by state only.

Glacier Bank: SBA 504 first liens by size
Loan sizeFirst liensDollars
Under $150K4$470K
$150K to $350K33$8.94M
$350K to $1M57$34.4M
$1M to $2.5M30$42.5M
$2.5M or more3$11.2M
SBA FOIA,
Glacier Bank: SBA 504 first liens by quarter
QuarterFirst liensDollars
2023 Q413$9.53M
2024 Q111$11.4M
2024 Q29$7.99M
2024 Q311$9.71M
2024 Q416$16.2M
2025 Q114$10.5M
2025 Q211$9.16M
2025 Q317$8.12M
2025 Q46$4.65M
2026 Q112$6.38M
2026 Q27$3.78M
SBA FOIA,

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.

Kinds of business Glacier Bank lent to, most loans first
Industry (NAICS)First liens
Other Services (except Public Administration)11
Professional, Scientific, and Technical Services10
Accommodation and Food Services9
Administrative and Support and Waste Management and Remediation Services8
Construction8
Manufacturing7
All Other Specialty Trade Contractors (238990)6
Full-Service Restaurants (722511)6
Health Care and Social Assistance6
Retail Trade6
General Automotive Repair (811111)4
Retail Trade4
SBA FOIA,

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.

How the SBA processed the loans
Processing methodLoans
Accredited Lenders Program66
ALP Express43
504 Refinancing Program10
504 Basic6
Premier Certified Lenders Program2
SBA FOIA,
Certified Development Companies on Glacier Bank's 504 projects
Certified Development CompanyProjects
Mountain West Small Business Finance25
Capital Matrix, Inc.24
Intermountain Business Lending, Inc.16
Nevada State Development Corporation13
Big Sky Economic Development Corporation10
Arizona Capital Source9
The Mortgage Capital Development Corporation7
Dakota Business Lending6
Panhandle Area Council, Inc.6
B:Side Capital3
SBA FOIA,
  • Glacier Bank made 127 SBA 504 first liens totaling $97.5M in the 36 months ending September 30, 2026, net of cancelled approvals, in 11 states. SBA FOIA,
  • The SBA file shows 62 approvals naming Glacier Bank as first-lien lender dated in the 12 months to September 30, 2026, and 85 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 $560K, with the middle half between $320K and $1M. SBA FOIA,
  • The largest was about $5.4M. Every amount is rounded to 2 significant figures. SBA FOIA,
  • 4 loans were under $150K, and 33 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 11. SBA FOIA,
  • The SBA file lists 66 of its loans as processed under Accredited Lenders Program. SBA FOIA,
  • It worked with 16 Certified Development Companies, most often Mountain West Small Business Finance. SBA FOIA,
  • Its loans were most often in Montana (28), Utah (26) and Idaho (20). SBA FOIA,

What we don't know

  • Whether Glacier 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.