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First Montana Bank, Inc.

First Montana Bank, Inc. offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, the bank provides various SBA loan programs including the popular 7(a) loan program, which supports a wide range of business purposes such as working capital, expansion, and purchase of equipment or real estate. Located in Missoula, Montana, the bank is committed to fostering local economic development by providing flexible financing options and expert guidance throughout the loan process. Their experienced team works closely with borrowers to understand their unique needs and craft suitable financial solutions. The bank’s SBA program history demonstrates a strong track record of supporting small business success, with approval amounts up to $250,000 for qualifying borrowers. Whether you are a startup or an established business, First Montana Bank, Inc. is dedicated to helping you achieve your business goals with tailored lending solutions and dedicated customer service.

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Lender Type

Commercial Bank

Google Rating

4.1

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Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs and business financing solutions designed to help small and medium-sized businesses grow and succeed in Montana.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates during regular business hours from Monday to Friday, 9:00 AM to 5:00 PM, with appointment options outside these hours upon request.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to inquire about SBA loans, but standard application and closing costs may apply depending on the loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners in Montana, but eligibility depends on meeting SBA and bank-specific requirements.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 640 or higher is generally required for loan approval.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes 30 to 45 days, depending on the completeness of the application and supporting documents.

First Montana Bank, Inc.

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