Lending data
Who actually lends to real estate and rental businesses in Montana?
21 SBA 7(a) loans went to real estate and rental businesses in Montana recently, at a median of $405,000. Here are the lenders that made them, ranked.
21 SBA 7(a) loans went to real estate and rental businesses in Montana in the most recent fiscal years. The median was $405,000 over 10 years. The most active lender was Glacier Bank, with 5 loans.
What lending to real estate and rental businesses in Montana actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Real estate and rental, Montana | All 7(a) borrowers |
|---|---|---|
| Loans approved | 21 | 214,102 |
| Median loan | $405,000 | $150,000 |
| 25th - 75th percentile | $120,000 - $770,850 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.00% | 10.25% |
| Share to startups | 33.3% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 4.4% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to real estate and rental businesses in Montana. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Glacier Bank | 5 | $180,000 | 20% | 9.25% |
| U.S. Bank | 2 | $55,000 | 50% | 11.49% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $405,000 is 170% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 33% against 34% nationally.
- No single lender dominates, but the top three made 33% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.00% is 1.25 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.4% is below the 7.1% overall figure, which is part of why lenders compete for it.
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Montana: construction, retail, restaurants and hotels, personal services, professional services, healthcare
- Real Estate in comparable states: Nebraska, New Mexico, Iowa, Kentucky, Maine, Louisiana