Canva
1 / 30#30. Hill County
- SBA approved about $1.23 per resident in 7(a) loans in 2023.
- Total approved funds: $20,000
- Number of loans: 1
Counties receiving the most SBA loans in Montana
The Small Business Administration backed loans worth $27.5 billion through its primary lending program in 2023—rising well above pre-COVID-19 pandemic levels as government officials aim to stabilize the economy.
Many small businesses get their start and scale up with SBA loans, which increased lending to Black, Latino, and women entrepreneurs in the past few years in step with efforts to become more equitable.
Flippa found the county in Montana where applicants were approved for the most SBA loan funds per capita in fiscal year 2023, which ended in September. The analysis was based on the SBA's most common loan program, known as 7(a) loans. SBA's 7(a) program provides extra security to lenders when they loan money to small businesses that might otherwise be considered too risky to grant. Loans can be for up to $5 million, but in 2023, nearly 7 in 10 loans were for amounts of $350,000 or less. Small businesses can use these funds for real estate acquisitions or improvements, working capital, supplies and equipment, and for other business startup or acquisition purposes.
Barriers do still exist for eligibility, including income, credit history, and location, but SBA loans can be fruitful for founders who don't qualify for conventional business financing. They can also provide protection against high and volatile interest rates, as SBA-backed loans have maximum interest rates that are predictable and often lower than other loans.
In a national analysis of the #1 ranked counties in every state, all but two counties had populations of less than 500,000—most smaller than 100,000. That's not surprising, as the Census Bureau classifies about 99% of U.S. counties as small. Still, it signifies that these smaller communities are building successful entrepreneurial environments. In most cases, their small businesses are able to succeed beyond those within the major U.S. population centers—at least in terms of success in gaining SBA funding.
Read on to see whether your county ranks among those receiving the most SBA loans.
Canva
2 / 30#29. Cascade County
- SBA approved about $8.30 per resident in 7(a) loans in 2023.
- Total approved funds: $699,000
- Number of loans: 8
Christopher Boswell // Shutterstock
3 / 30#28. Silver Bow County
- SBA approved about $19.99 per resident in 7(a) loans in 2023.
- Total approved funds: $700,000
- Number of loans: 1
Canva
4 / 30#27. Missoula County
- SBA approved about $28.29 per resident in 7(a) loans in 2023.
- Total approved funds: $3.3 million
- Number of loans: 11
Dirk Wierenga // Shutterstock
5 / 30#26. Glacier County
- SBA approved about $28.34 per resident in 7(a) loans in 2023.
- Total approved funds: $391,900
- Number of loans: 1
Canva
6 / 30#25. Beaverhead County
- SBA approved about $30.93 per resident in 7(a) loans in 2023.
- Total approved funds: $290,500
- Number of loans: 2
Canva
7 / 30#24. Broadwater County
- SBA approved about $34.11 per resident in 7(a) loans in 2023.
- Total approved funds: $226,500
- Number of loans: 1
Canva
8 / 30#23. Blaine County
- SBA approved about $35.46 per resident in 7(a) loans in 2023.
- Total approved funds: $250,000
- Number of loans: 2
Laurens Hoddenbagh // Shutterstock
9 / 30#22. Valley County
- SBA approved about $36.34 per resident in 7(a) loans in 2023.
- Total approved funds: $274,500
- Number of loans: 4
Canva
10 / 30#21. Fergus County
- SBA approved about $39.58 per resident in 7(a) loans in 2023.
- Total approved funds: $453,800
- Number of loans: 1
Canva
11 / 30#20. Lake County
- SBA approved about $43.30 per resident in 7(a) loans in 2023.
- Total approved funds: $1.3 million
- Number of loans: 5
Canva
12 / 30#19. Daniels County
- SBA approved about $46.58 per resident in 7(a) loans in 2023.
- Total approved funds: $81,000
- Number of loans: 1
TylorOlsen // Shutterstock
13 / 30#18. Ravalli County
- SBA approved about $47.21 per resident in 7(a) loans in 2023.
- Total approved funds: $2.1 million
- Number of loans: 7
Canva
14 / 30#17. Lewis and Clark County
- SBA approved about $55.25 per resident in 7(a) loans in 2023.
- Total approved funds: $3.9 million
- Number of loans: 10
davidrh // Shutterstock
15 / 30#16. Jefferson County
- SBA approved about $64.09 per resident in 7(a) loans in 2023.
- Total approved funds: $772,700
- Number of loans: 2
Danita Delimont // Shutterstock
16 / 30#15. Mineral County
- SBA approved about $65.48 per resident in 7(a) loans in 2023.
- Total approved funds: $294,000
- Number of loans: 2
Canva
17 / 30#14. Gallatin County
- SBA approved about $65.57 per resident in 7(a) loans in 2023.
- Total approved funds: $7.7 million
- Number of loans: 22
Canva
18 / 30#13. Yellowstone County
- SBA approved about $85.67 per resident in 7(a) loans in 2023.
- Total approved funds: $14.0 million
- Number of loans: 32
Canva
19 / 30#12. Flathead County
- SBA approved about $90.09 per resident in 7(a) loans in 2023.
- Total approved funds: $9.3 million
- Number of loans: 24
Canva
20 / 30#11. Phillips County
- SBA approved about $112.21 per resident in 7(a) loans in 2023.
- Total approved funds: $475,000
- Number of loans: 1
panoglobe // Shutterstock
21 / 30#10. Toole County
- SBA approved about $113.46 per resident in 7(a) loans in 2023.
- Total approved funds: $568,800
- Number of loans: 1
davidrh // Shutterstock
22 / 30#9. Stillwater County
- SBA approved about $120.15 per resident in 7(a) loans in 2023.
- Total approved funds: $1.1 million
- Number of loans: 2
Andrew Fuller // Shutterstock
23 / 30#8. Roosevelt County
- SBA approved about $142.41 per resident in 7(a) loans in 2023.
- Total approved funds: $1.6 million
- Number of loans: 1
Drew Halverson // Shutterstock
24 / 30#7. Sanders County
- SBA approved about $146.12 per resident in 7(a) loans in 2023.
- Total approved funds: $1.8 million
- Number of loans: 3
Canva
25 / 30#6. Carbon County
- SBA approved about $152.08 per resident in 7(a) loans in 2023.
- Total approved funds: $1.6 million
- Number of loans: 5
Canva
26 / 30#5. Liberty County
- SBA approved about $172.75 per resident in 7(a) loans in 2023.
- Total approved funds: $350,000
- Number of loans: 1
Canva
27 / 30#4. Powder River County
- SBA approved about $231.38 per resident in 7(a) loans in 2023.
- Total approved funds: $407,000
- Number of loans: 1
Canva
28 / 30#3. Granite County
- SBA approved about $331.53 per resident in 7(a) loans in 2023.
- Total approved funds: $1.1 million
- Number of loans: 1
Canva
29 / 30#2. Dawson County
- SBA approved about $708.60 per resident in 7(a) loans in 2023.
- Total approved funds: $6.4 million
- Number of loans: 3
Canva
30 / 30#1. Sweet Grass County
- SBA approved about $1312.00 per resident in 7(a) loans in 2023.
- Total approved funds: $4.8 million
- Number of loans: 1
This story features data reporting and writing by Paxtyn Merten and is part of a series utilizing data automation across 50 states.
