News

SBA Announces Fiscal Year End Loan Activity for Montana

November 7, 2018 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

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.

https://www.sba.gov/sites/default/files/resource_files/SBA_Announces_Fiscal_Year_End_Loan_Activity_for_Montana_.pdf