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Billings Alternate Work Site
222 N. 32nd Street Suite 200
Billings, MT 59101
United States
Phone: 406-869-8421
Hours of Operation:
Monday through Friday from 8:00 AM to 4:30 PM
SBA Montana Supported Over $90 Million in FY2012 Loan Volume

Advisory Date: Tuesday, October 30, 2012
Release Date: Friday, October 5, 2012
Release Number: 13-01
Related State:
Montana

SBA Montana Supported Over $90 Million in FY2012 Loan Volume

$1.2 Billion in Lending Support for Region VIII

For FY2012, ending September 30, 2012, SBA supported $90,204,000 in total loans throughout the state. This total consists of 297 7(a) loans valued at $70.1 million, which provide short-term or long-term financing for small business start-up or expansion. And 41 504 Certified Development Company loans valued at $20.1 million, which provide long-term fixed rates financing for land, buildings and equipment. 

“SBA-backed lending continued its strong performance in FY12,” said Steve Price, Acting Montana District Director. “Our on-going working relationships with lenders and the introduction of streamlined, customer friendly loan programs has helped us to collectively fill gaps created in the marketplace.”

 SBA Region VIII achieved over $1.2 billion in lending for FY12. 

 

State

# Total Loans

Total $ Volume (millions)

Colorado

1293

558.6

Montana

338

90.2

North Dakota

215

97.5

South Dakota

227

90.8

Utah

1377

361.1

Wyoming

123

38.2

Totals

3573

1,236.4

 

Dentists offices, snack and nonalcoholic beverage bars, restaurants, specialty trade contractors, site preparation contractors, general freight trucking, hotels, veterinary clinics, commercial and industrial machinery and equipment, and chiropractic offices were among the most frequently financed businesses during FY 2012.  Of the 338 Loans, 76 loans totaling $15,335,300 were made to women owned businesses, 13 loans totaling $4,216,000 were made to veterans, and 27 loans totaling $6,034,500 were made to minority business owners.  Additionally, 128 new businesses received $28,946,000 in SBA guaranteed funding. 

Loan Approvals by County (Ranked by Number of Loans)

 

County

#

$

YELLOWSTONE

85

$23,004,900

GALLATIN

57

$14,808,600

LEWIS AND CLARK

44

$8,171,000

FLATHEAD

41

$6,541,500

MISSOULA

24

$9,156,100

CASCADE

17

$8,476,100

RAVALLI

7

$2,225,700

SILVER BOW

7

$2,312,200

CARBON

7

$877,800

RICHLAND

6

$2,423,100

PARK

5

$2,917,000

FERGUS

5

$628,000

VALLEY

4

$1,722,700

STILLWATER

3

$269,700

POWELL

2

$665,000

LAKE

2

$712,400

JUDITH BASIN

2

$896,700

DEER LODGE

2

$491,000

MADISON

2

$518,000

SWEET GRASS

2

$195,000

BROADWATER

2

$270,100

MCCONE

2

$588,700

TETON

1

$100,000

GRANITE

1

$90,000

CHOUTEAU

1

$90,000

JEFFERSON

1

$800,000

HILL

1

$10,000

GLACIER

1

$144,000

DANIELS

1

$883,700

ROSEBUD

1

$20,000

BEAVERHEAD

1

$40,000

LINCOLN

1

$155,000

Grand Total

338

$90,204,000

 

In Montana, the top three FY 12 7(a) lenders for the number of loans guaranteed are Glacier Bank, 70 loans for 12.4  million; Stockman Bank of Montana, 39 loans for 4.6 million, and Wells Fargo Bank, 29 loans for $10.4 million.  The leader in 504 loans for FY12 is Montana Community Finance Corporation with 20 loans totaling $9,273,000.

 

Loan Approvals by Lender (Ranked by Number of Loans, 504 loans indicated with a *)

 

Lender

#

$

GLACIER BANK

70

$12,454,700

STOCKMAN BANK OF MONTANA

39

$4,642,900

WELLS FARGO BANK NATL ASSOC

29

$10,408,500

MONTANA COMMUN FINAN CORP *

20

$9,273,000

YELLOWSTONE BANK

19

$3,570,400

BIG SKY ECONOMIC DEVEL CORP *

15

$8,221,000

MOUNTAIN W. BANK NATL ASSOC

14

$3,528,100

FLATHEAD BANK OF BIGFORK

12

$3,537,600

FIRST INTERSTATE BANK

11

$1,883,800

MONTANA COMMUN DEVEL CORP.

11

$1,600,100

U.S. BANK NATIONAL ASSOCIATION

10

$264,800

BANK OF ROCKIES NATL ASSOC

9

$4,177,700

THREE RIVERS BANK OF MONTANA

9

$1,402,700

BANK OF BRIDGER NATL ASSOC

6

$852,000

HIGH PLAINS FINANCIAL, INC. *

6

$2,649,000

MISSOULA FCU

5

$143,900

FIRST SECURITY BANK

5

$244,800

ROCKY MOUNTAIN BANK

5

$501,600

VALLEY BANK OF GLASGOW

4

$1,722,700

LIVE OAK BANKING COMPANY

4

$3,300,000

FLINT CREEK VALLEY BANK

4

$1,156,000

FIRST CITIZENS BANK OF BUTTE

3

$1,123,000

BANK OF BOZEMAN

2

$370,000

ZIONS FIRST NATIONAL BANK

2

$290,000

BANK OF MONTANA

2

$3,505,000

COMMUNITY BANK-MISSOULA, INC.

2

$235,000

FARMERS STATE BANK

2

$43,000

AMERICAN FEDERAL SAVINGS BANK

2

$215,000

MANHATTAN BANK

1

$273,000

WASHITA STATE BANK

1

$215,000

FIRST MONTANA BANK, INC.

1

$250,000

CAPITALSOURCE BANK

1

$710,000

WESTERN BANK OF WOLF POINT

1

$330,500

FARMINGTON BANK

1

$1,150,000

HOPEWELL VALLEY COMMUNITY BANK

1

$198,000

FIRST CIT. BK OF POLSON NATL A

1

$637,400

DUTTON STATE BANK

1

$100,000

FREEDOM BANK

1

$128,800

FIRST SECURITY BANK OF HELENA

1

$20,000

RUBY VALLEY NATIONAL BANK

1

$418,000

BORREGO SPRINGS BANK, N.A.

1

$1,215,000

SQUARE 1 BANK

1

$1,550,000

EVOLVE BANK & TRUST

1

$892,000

FIRST COMMUNITY BANK

1

$800,000

Grand Total

338

$90,204,000

 

While SBA lending has returned to pre-recession lending levels, there continue to be gaps in the marketplace and small businesses that need access to capital.  To help fill these gaps, SBA refined two new lending programs: Small Loan Advantage and Community Advantage. The Small Loan Advantage lending programs provide streamlined applications for loans under $350,000 with the standard 7(a) guarantee in order to incentive lenders to make smaller-dollar loans.  For more information about these and other SBA programs, visit the SBA Web site at www.sba.gov, or contact your local SBA field office. 

 

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