Montana Small Business Loans

If you run a small business in the Treasure State, there may come a time when you need a boost in capital. 

Whether you’d like to take advantage of an investment opportunity, repair an outdated piece of equipment or cover an emergency expense, a Montana small business loan could help.

Here are several top lenders offering financing in your state as well as resources you can turn to for support along the way.

There are more than 123,000 small businesses in Montana, which employ 245,000-plus workers, according to the Small Business Administration (SBA).

Popular industries in the state include these:

• Agriculture
• Forestry
• Mining
• Energy production
• Outdoor recreation

1. Glacier Bank

If you’re in search of an SBA Montana lender, Glacier Bank is a good option. It was ranked No. 3 on Forbes’ list of America’s Best Banks. It’s also A+ rated with the Better Business Bureau (BBB). 

Besides SBA loans, borrowers can find the following financing options here:

• U.S. Department of Agriculture loans
• Commercial real estate loans
• Equipment loans
• Debt consolidation
• Overdraft lines of credit

2. First Interstate Bank

This financial institution was ranked No. 13 on Forbes’ list of America’s Best Banks. It’s also A+ rated with the BBB. If you’re looking for Montana SBA loans, you’ll find them here as well as commercial business loans, commercial real estate loans, agricultural financing and letters of credit.

3. Bank of Bozeman 

Bank of Bozeman has a 4.8-star rating on WalletHub, where it has also earned a spot on the site’s 2021 Best Bank in Montana list. Additionally, the bank has a 4.8-star rating on Google Reviews.

Available business loans at this Montana bank include the following:

• SBA loans
• Equipment loans
• Lines of credit
• Construction loans
• Agricultural loans
• Business land loans

4. Farmers State Bank

Farmers State Bank is A+ rated with the BBB. It’s also earned a 4.7-star rating from WalletHub reviewers. In addition to SBA loans, this lender offers working capital loans, agricultural operating loans, business expansion loans and equipment financing.

5. Stockman Bank

Stockman Bank has a 4.5-star rating on WalletHub, where it’s earned a spot on the site’s 2021 Best Bank in Montana list. It also has an A+ rating with the BBB. Head to 1 of more than 30 branches in the state and speak to a loan adviser about the following:

• Startup financing
• Operating loans
• Inventory financing
• Equipment loans
• Line of credit
• Capital improvement loans
• Commercial real estate loans

Conventional lenders, such as the banks listed above, are often the first place business owners think to turn when they need a loan. That’s been the usual route to financing for so long. However, these days there are other options.

Now, many business owners are finding quicker funding options with less hassle through online nonbanks lenders. These lenders offer alternative financing products, such as merchant cash advances. The tradeoff typically is more frequent payments, shorter repayment windows and higher interest rates than you’d find with conventional lenders. 

• Applying for Business Loans in Montana Through Fast Capital 360

  Interested in an SBA Montana loan or another type of financing? We can help. 

  Here’s how:

  Speed

  A few minutes is all it takes to get started. What’s more, if approved, you could receive your funding as fast as the same day in some cases. 

  Multiple Offers

  We partner with lenders throughout the U.S., which means your single application with us could return multiple funding offers. 

  Expert Guidance

  Get industry-leading advice to help you make confident decisions for your business. 

Get Your Business Loan Faster

If you need business support beyond financial, there are several organizations in the state that offer free or low-cost services to entrepreneurs. Here are a few.

SCORE 

Need business advice? Find a mentor and meet in-person or online for confidential, personalized tips. Additionally, browse the online library for educational resources, including recorded webinars, helpful articles, document templates and more. 

SCORE locations in Montana are available here:

• Billings
• Bozeman
• Helena
• Great Falls
• Kalispell
• Missoula

Montana Procurement Technical Assistance Center

At the Montana PTAC, you can get help with government contracting at the local, state and federal levels. Speak with a consultant for free or take part in training opportunities so you can learn how to locate, submit proposals and be awarded government contracts.

Montana Small Business Development Center

Sponsored in part by the SBA, the state’s Small Business Development Center offers startup and seasoned entrepreneurs help with their business. Get help with business planning, market research, business finances and more. Also get help preparing a business loan request.