SBA Announces Fiscal Year End Loan Activity for Montana

November 7, 2018

Once again, Glacier Bancorp, Inc., headquartered in Kalispell made the largest number and dollar of SBA guaranteed loans during Fiscal Year 2018. The entire Glacier Bancorp Montana division approved 54 SBA guaranteed loans totaling $9,956,400.

Figures released today by the SBA Monta na District Office show that during fiscal year 2018 (October 1, 2017 - September 30, 2018), SBA guaranteed 239 loans totaling $75,665,610. Of these loans, 223 for $61,889,610 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.

Sixteen loans totaling $13,776,000 were made through SBA's 504 Certified Development Company program, providing long term fixed rates financing for land, buildings and equipment.