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Are you looking for Montana’s best business loans & startup financing companies? For your small business in the Treasure State, many banks, credit unions, & unconventional lenders are offering different loan types. After all, 129,000+ small businesses operate here!

Understand the unique features and benefits of different loan types to empower your business. That’s how you can choose the best lender for your business. Also, look into no-credit equipment financing options if you can’t get a business loan via traditional means.

Consider these 10 business loans & startup financing options in Montana to get started:

1.  Swoop Funding

Swoop Funding is every Washington-based small company’s top startup financing option. It will offer entrepreneurs a range of funding solutions to meet their needs. You can access many loan types, including traditional term loans and innovative financing options with a simplified funding process.

2.  Bank of Bridger

This lender is called the Bank of Bridger. In reality, it’s a group of interconnected banks. Based in Montana, this lender supports small businesses by lending them ample funds. The interest rate here is 4.96%. On average, the payout amount is often around $300,000. This bank has also won the Lender of the Year award by the SBA multiple times. That’s why we recommend the Bank of Bridger as an ideal lender for Montana-based startups looking for financial support from approved sources.

3.  Opportunity Bank of Montana

This lender has an interest rate of 5.16% (on average), with the mean payout amount being just over $510,000. However, you can get business loans with flexible conditions here. As the name of this lender shows, it focuses on helping Montana-based businesses that need a money injection to stay afloat or meet an unforeseen crisis. So, you can apply for agricultural loans, real estate loans, working capital loans, operating & inventory loans, equipment buying/upgrading loans, and much more.

4.  Stockman

Stockman Bank of Montana has a very low interest rate (4.77%), with $525k being the average loan amount. You can apply for a loan if you need money to buy commercial real estate, office equipment, or something else related to business operations. Whether you are buying, building, remodeling, or refinancing, this lender will offer flexible rates and terms to meet your needs. One service that Stockman offers is called Bizloc; it simply means that you’re utilizing the equity in your commercial real estate. In other words, you get a revolving line of credit.

5.  REIL Capital

REIL Capital is a great lender because it finances your business operations, no matter if you need $1,000 in funding or $5 million. Approvals take 24 hours, and many financing options do not allow business owners to submit collateral. You can open a new line of credit with this bank, apply for SBA loans, apply for revenue-based financing, or ask for payment rehabilitation. In all these cases, REIL Capital will support your business with ample financing opportunities, making sure that you stay in business in Montana for many years to come.

6.  Three Rivers Bank

This lender has a high interest rate (5.94%), and the average loan amount is also just over $300 thousand. That’s why it’s #6 on our list. Whether you’re building or buying, the Three Rivers Bank will support your business venture by offering you a loan at flexible rates. However, this lender offers various loan types, such as:

• Commercial real estate loans
• Equipment loans
• Business line of credit
• Agricultural loans
• Letters of credit
• SBA loans

7.  Sapphire Sky Capital

If you need ample business funding from reliable lenders, contact Sapphire Sky Capital. You can see that this lender operates in multiple states including Montana. You can contact this lender for real estate funding or business financing. Sapphire will also help you with fixing and flipping rentals, where you purchase residential property to resale it.

They are the biggest names when it comes to multifamily loan providers. These guys will fund your real estate initiatives by offering you various loan types in Montana, such as:

• Term loans
• SBA loans
• Equipment financing
• Merchant cash advance

8.  Yellowstone Bank

The interest rate offered by Yellowstone Bank is around 5.12%, and $547k is the average loan size. This lender offers you various financing options, so your business in the Big Sky Country is always funded. Yellowstone is an incredible name in the financing industry and has the resources to handle even the largest projects. Also, this lender has worked with many lenders for several years. So, you can simply contact Yellowstone for more information and verify their services.

9.  Valley Banks

Based in Ronan, MT, this lender helps Montanian businesses get funded easily. You can check out their interest rates (5.10%). However, the payout amount is usually $296k on average. That is why we’ve placed it at #9 on our list. This funding will help you start a new business in Ronan (or a different Montana location) or simply keep your existing business alive & thriving. Since not much information is available regarding the details of their funding services, we’ve placed the Valley Banks as #9 on our list.

10.              Bank of Bozeman

This lender provides you with FDIC-insured loans for amounts up to $250,000. Bank of Bozeman is called Monatana’s Last Best Bank, and it is known for its quick turnaround time and personalized approach toward wealth management. At the Bank of Bozeman, you can apply for various loan types ranging from land loans and agricultural loans to equipment loans and construction loans. As apparent from the lender’s name, they’re based in Bozeman, Montana. That’s how they are able to offer localized guidance to startups in the Big Sky Country.

Conclusion

Whether you’re a startup owner or founded a well-established business years ago, you have to choose the right financing partner and lender. That’s how you keep your business vessel afloat and key commercial operations running in Montana. Also, you should check out our list of the best business loan & startup financing companies in Montana since they also cater to small businesses in the Treasure State.

You must choose a lender that offers you flexible loan terms & interest rates. Check their online reputation, customer service, interest rates, and other factors. If nothing makes sense, get in touch with us at Sophisticated Investor to understand how to get your entrepreneurial dreams funded quickly.