--- title: SBA 504 Lenders in Montana: 26 Made Loans in 3 Years url: https://lender.report/sba-504-lenders/montana/ license: https://lender.report/license/ --- SBA 504 ยท MT # SBA 504 lenders in Montana 26 lenders provided the first lien on at least one SBA 504 project in Montana in the 36 months ending September 30, 2026. Glacier Bank made the most, with 35 of the 133 on record. **Evidence** Lender provided the first lien on at least one SBA 504 project in Montana in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 11, 2026 **Lenders on record** 26 SBA FOIA, Sep 30, 2026 **First liens, 36 months** 133 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $126M SBA FOIA, Sep 30, 2026 **Approvals, last 12 months (funded or not)** 40 SBA FOIA, Sep 30, 2026 -23.1% from the prior 12 months Cite this Source: The Lender Report, SBA 504 lenders in Montana, https://lender.report/sba-504-lenders/montana/, data as of September 30, 2026. ## Describe a deal in Montana See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 504 loans in Montana](https://lender.report/comps/?lane=sba_504&state=MT)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | First liens | Dollars | | --- | --- | --- | --- | --- | | [Glacier Bank](https://lender.report/lender/glacier-bank-mt/) [SBA 504 record](https://lender.report/lender/glacier-bank-mt/sba-504/) | Bank | Kalispell, MT | 35 | $21.7M | | [Stockman Bank of Montana](https://lender.report/lender/stockman-bank-of-montana-mt/) [SBA 504 record](https://lender.report/lender/stockman-bank-of-montana-mt/sba-504/) | Bank | Miles City, MT | 20 | $11.5M | | [First Interstate Bank](https://lender.report/lender/first-interstate-bank-mt/) [SBA 504 record](https://lender.report/lender/first-interstate-bank-mt/sba-504/) | Bank | Billings, MT | 14 | $14.6M | | [Bravera Bank](https://lender.report/lender/bravera-bank-nd/) [SBA 504 record](https://lender.report/lender/bravera-bank-nd/sba-504/) | Bank | Dickinson, ND | 8 | $15.3M | | [The Yellowstone Bank](https://lender.report/lender/yellowstone-bank-mt/) [SBA 504 record](https://lender.report/lender/yellowstone-bank-mt/sba-504/) | Bank | Laurel, MT | 7 | $8.95M | | [Opportunity Bank of Montana](https://lender.report/lender/opportunity-bank-of-montana-mt/) [SBA 504 record](https://lender.report/lender/opportunity-bank-of-montana-mt/sba-504/) | Bank | Helena, MT | 7 | $4.89M | | [Farmers State Bank](https://lender.report/lender/farmers-state-bank-mt/) | Bank | Victor, MT | 7 | $4.70M | | [Mountain America Credit Union](https://lender.report/lender/mountain-america-credit-union-ut/) [SBA 504 record](https://lender.report/lender/mountain-america-credit-union-ut/sba-504/) | Credit union | Sandy, UT | 6 | $8.19M | | [Bank Five Nine](https://lender.report/lender/bank-five-nine-wi/) [SBA 504 record](https://lender.report/lender/bank-five-nine-wi/sba-504/) | Bank | Oconomowoc, WI | 3 | $7.50M | | [Bank of Bozeman](https://lender.report/lender/bank-of-bozeman-mt/) | Bank | Bozeman, MT | 3 | $3.20M | | [TrailWest Bank](https://lender.report/lender/trailwest-bank-mt/) | Bank | Lolo, MT | 2 | $2.40M | | [D. L. Evans Bank](https://lender.report/lender/d-l-evans-bank-id/) [SBA 504 record](https://lender.report/lender/d-l-evans-bank-id/sba-504/) | Bank | Burley, ID | 2 | $2.10M | | [First Security Bank](https://lender.report/lender/first-security-bank-mn/) | Bank | Byron, MN | 2 | $1.80M | | [Little Horn State Bank](https://lender.report/lender/little-horn-state-bank-mt/) [SBA 504 record](https://lender.report/lender/little-horn-state-bank-mt/sba-504/) | Bank | Hardin, MT | 2 | $1.80M | | [Clearwater Credit Union](https://lender.report/lender/clearwater-credit-union-mt/) | Credit union | Missoula, MT | 2 | $960K | | [Celtic Bank](https://lender.report/lender/celtic-bank-ut/) [SBA 504 record](https://lender.report/lender/celtic-bank-ut/sba-504/) | Bank | Salt Lake City, UT | 1 | $5.30M | | [Citizens Alliance Bank](https://lender.report/lender/citizens-alliance-bank-mn/) | Bank | Clara City, MN | 1 | $3.30M | | [American Bank](https://lender.report/lender/american-bank-mt/) | Bank | Bozeman, MT | 1 | $1.10M | | [Altana Credit Union](https://lender.report/lender/altana-credit-union-mt/) | Credit union | Billings, MT | 1 | $760K | | [JPMorgan Chase Bank, National Association](https://lender.report/lender/jpmorgan-chase-bank-oh/) [SBA 504 record](https://lender.report/lender/jpmorgan-chase-bank-oh/sba-504/) | Bank | Columbus, OH | 1 | $760K | | [Community Bank](https://lender.report/lender/community-bank-ia/) | Bank | Dunlap, IA | 1 | $730K | | [First Security Bank](https://lender.report/lender/first-security-bank-ia/) | Bank | Mapleton, IA | 1 | $650K | | [Pioneer State Bank](https://lender.report/lender/pioneer-state-bank-mt/) | Bank | Deer Lodge, MT | 1 | $390K | | [Bank of The Rockies](https://lender.report/lender/bank-of-the-rockies-mt/) | Bank | Helena, MT | 1 | $310K | | [Independence Bank](https://lender.report/lender/independence-bank-mt/) | Bank | Havre, MT | 1 | $230K | SBA FOIA, Sep 30, 2026 [See all 26 SBA 504 lenders in Montana in Loan Comps](https://lender.report/comps/?lane=sba_504&state=MT) Dollars are first-lien amounts on SBA 504 approvals. - Lenders recorded 133 SBA 504 first liens totaling $126.4M in Montana in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 122 of those, credit unions 9, and non-banks 0. SBA FOIA, Sep 30, 2026 - The five most active lenders made 63.2% of Montana's SBA 504 first liens. SBA FOIA, Sep 30, 2026 - Glacier Bank recorded the most dollars in Montana, at $21.7M. SBA FOIA, Sep 30, 2026 - 15 of these lenders are based in Montana. SBA FOIA, Sep 30, 2026 - 3 lenders recorded 10 or more SBA 504 first liens in Montana. SBA FOIA, Sep 30, 2026 - 2 of these first liens were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA, Sep 30, 2026 - The SBA file shows 40 SBA 504 approvals in Montana dated in the 12 months to September 30, 2026, versus 52 in the prior 12 months. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA, Sep 30, 2026 - The typical SBA 504 first lien in Montana was about $600K, with the middle half between $310K and $1M. SBA FOIA, Sep 30, 2026 - The median term in Montana was 25 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 504 first liens in Montana **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 504 projects located in Montana with an approval date in the 36 months ending September 30, 2026, not cancelled, that name the lender as first-lien lender. **Order** Largest first by first liens in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-504-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. An SBA 504 project pairs a first-lien lender with a Certified Development Company that funds a second lien, for owner-occupied real estate and equipment. SBA 504 figures count the first-lien lender on each SBA approval. A project marked not funded is often recent and awaiting funding. Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out. 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](https://lender.report/report/) 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.