SBA Montana Sees Loan Volume Over Double, Reaching 323 Businesses With Over $186 Million

The Montana District of the U.S. Small Business Administration (SBA) today announced “non-COVID” loan data for fiscal year ended September 30, 2021, showing 323 Montana small businesses received over $186 million. Of these loans, 277 for $158,922,700 were made through SBA’s 7(a) Guaranty Loan Program which provides short- or long-term financing for small business start-up or expansion needs. 46 loans totaling $27,669,000 were made through SBA’s 504 Certified Development Company program, providing long term fixed rates financing for land, buildings, and equipment.

Yellowstone Bank...