News

SBA announces mid-year loan figures and top lenders.

Last week (April 10), the Montana District Office of the U.S. Small Business Administration (SBA) released its mid-year loan
figures for Fiscal Year 2002 (October 1, 2001 to March 31, 2002).

Helena IR

So far during FY 2002, SBA has guaranteed 190 loans totaling
$40,878,470. Of these loans 180 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. Ten loans totaling $3,316,000 were made through SBA’s 504 Certified
Development Company program.
SBA financed 54 new businesses for $7,381,700. Eating and drinking establishments, wholesale trade and durable goods,
furniture and home furnishings, special trade contractors, professional, scientific and technical services were among the most
frequently financed businesses. Of the 190 loans, 36 loans totaling $7,344,970 were made to women owned businesses, 27
loans totaling $4,666,300 went to veterans, and 9 loans totaling $810,800 went to minority business owners.
The following lenders exceeded $1.0 million in total SBA loan volume:
BANK NAME BANK CITY $ #

Mountain West Bank, N.A. Helena $4,031,000.00 12

Stockman Bank Billings $3,567,265.00 11

First Security Bank Missoula $2,630,300.00 9

Flathead Bank of Bigfork Bigfork $2,085,000.00 3

Economic Development Corp.
of Yellowstone County Billings $1,740,000.00 3

Mountain West Bank, N.A. Missoula $1,733,300.00 9

Montana Community Finance Helena $1,576,000.00 7

Yellowstone Bank Billings $1,517,200.00 18

Mountain West Bank, N.A. Bozeman $1,476,000.00 4

First Interstate Bank Missoula $1,299,400.00 5

Montana First National Bank Kalispell $1,040,670.00 3

Lenders approving five or more loans:

BANK NAME BANK CITY # $

Yellowstone Bank Billings 18 $1,517,200.00

Mountain West Bank, N.A. Helena 12 $4,031,000.00

Stockman Bank Billings 12 $3,667,265.00

First Security Bank Missoula 9 $2,630,300.00

Mountain West Bank, N.A. Missoula 9 $1,733,300.00

Montana Community Finance Helena 7 $1,576,000.00

Mountain West Bank, N.A. Great Falls 6 $727,000.00

First Interstate Bank Missoula 5 $1,299,400.00

Heritage Bank Great Falls 5 $902,535.00

Valley Bank Helena 5 $615,000.00

Glacier Bank Kalispell 5 $961,500.00

Counties exceeding $1.0 million in loans:

COUNTY NAME $ #

Yellowstone $9,881,765.00 50

Missoula $6,243,600.00 31

Flathead $5,488,170.00 18

Lewis & Clark $5,026,000.00 20

Gallatin $3,282,500.00 10

Cascade $2,373,035.00 13

Silver Bow $1,755,000.00 5

Park $1,060,000.00 5

Counties with ten or more loans:

COUNTY NAME # $

Yellowstone 50 $9,881,765.00

Missoula 31 $6,243,600.00

Lewis & Clark 20 $5,026,000.00

Flathead 18 $5,488,170.00

Cascade 13 $2,373,035.00

Gallatin 10 $3,282,500.00

http://www.helenair.com/business/3F1.html

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