Montana — PPP Loan Data
47,066 approved loans · $2.59B total · 98.7% forgiven
Montana ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 47,066 loans totaling $2.59B to businesses and organizations across the state. The average loan size was $55,072.
Of all approved loans, 46,467 — or 98.7% — received SBA forgiveness totaling $2.56B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.
Among the largest recipients in Montana were CONSUMER DIRECT HOLDINGS, INC. ($10,000,000), CTA INC ($7,199,800), and RICHARD G ANDERSON ($6,780,263).
Borrowers in Montana reported retaining 324,345 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.
The most active industry in Montana by loan count was Cattle Ranching and Farming with 6,373 loans totaling $103.0M. This was followed by Oilseed and Grain Farming (2,258 loans).
The most active lender in Montana was GLACIER BANK, which originated 8,836 loans worth $492.8M. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.
Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.1% of loans at or above that threshold have named recipients publicly disclosed.
Top Cities in Montana
| City | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| BILLINGS | 4,801 | $426.6M | 98.1% |
| MISSOULA | 4,437 | $329.3M | 98.8% |
| BOZEMAN | 4,303 | $302.2M | 98.9% |
| HELENA | 2,151 | $148.0M | 98.6% |
| GREAT FALLS | 1,903 | $144.6M | 98.4% |
| KALISPELL | 1,879 | $138.6M | 97.9% |
| BUTTE | 1,020 | $79.2M | 98.7% |
| BELGRADE | 893 | $50.1M | 98.0% |
| WHITEFISH | 818 | $56.7M | 98.2% |
| SIDNEY | 691 | $50.1M | 99.6% |
| HAMILTON | 647 | $26.8M | 98.3% |
| LIVINGSTON | 621 | $26.1M | 96.5% |
| MILES CITY | 563 | $26.6M | 99.1% |
| LEWISTOWN | 554 | $29.4M | 99.1% |
| HAVRE | 511 | $20.3M | 99.4% |
| GLENDIVE | 483 | $18.0M | 99.2% |
| COLUMBIA FALLS | 448 | $28.2M | 99.3% |
| POLSON | 425 | $17.3M | 98.8% |
| GLASGOW | 385 | $16.3M | 100.0% |
| MALTA | 374 | $9.5M | 99.5% |
| STEVENSVILLE | 354 | $10.5M | 97.5% |
| BIGFORK | 336 | $18.8M | 98.2% |
| DILLON | 326 | $14.3M | 98.8% |
| CUT BANK | 317 | $9.8M | 99.4% |
| PLENTYWOOD | 301 | $9.3M | 100.0% |
Top Industries
| Industry | Loans | Total |
|---|---|---|
| Cattle Ranching and Farming | 6,373 | $103.0M |
| Oilseed and Grain Farming | 2,258 | $38.9M |
| Accommodation and Food Services | 2,011 | $201.1M |
| Residential Building Construction | 1,743 | $54.7M |
| Personal Care Services | 1,437 | $22.0M |
| Offices of Other Health Practitioners | 1,161 | $43.1M |
| Offices of Real Estate Agents and Brokers | 1,107 | $18.3M |
| Building Equipment Contractors | 961 | $88.8M |
| Services to Buildings and Dwellings | 953 | $28.9M |
| Other Specialty Trade Contractors | 926 | $48.0M |
Top Lenders
| Lender | Loans | Total |
|---|---|---|
| GLACIER BANK | 8,836 | $492.8M |
| STOCKMAN BANK OF MONTA | 7,084 | $424.2M |
| FIRST INTERSTATE BANK | 5,541 | $478.8M |
| OPPORTUNITY BANK OF MONTA | 2,104 | $88.1M |
| THE YELLOWSTONE BANK | 1,598 | $110.8M |
| FIRST SECURITY BANK OF MISSOULA | 1,248 | $111.0M |
| MONTANA COMMUNITY DEVELOPMENT | 1,243 | $27.6M |
| INDEPENDENCE BANK | 1,109 | $42.4M |
| U.S. BANK | 1,008 | $69.0M |
| CLEARWATER FCU | 892 | $19.9M |
Largest Named Recipients in Montana
Showing loans ≥ $150,000 with publicly disclosed borrower names.