Freedom Bank
Freedom Bank is an active SBA lender in Montana, a bank offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 28 Google reviews.
About Freedom Bank
Freedom Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, the bank provides various loan options including SBA 7(a) programs designed to meet diverse business requirements. Their team of experienced lenders guides clients through the application process, ensuring clarity and support at every step. The bank specializes in small business financing, offering flexible terms and competitive rates to help entrepreneurs succeed. Whether you're looking for working capital, equipment financing, or real estate loans, Freedom Bank is committed to helping small businesses thrive in the Montana region. Their SBA programs are supported by a strong understanding of local market dynamics and regulatory requirements, making them a reliable partner for small business owners.
Industries Freedom Bank finances
Business types Freedom Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Freedom Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions, providing support for entrepreneurs and small business owners in Montana.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
What are the hours of operation?
Freedom Bank's Columbia Falls location is open Monday to Friday 9AM–5PM for lobby hours (drive-thru 8AM–6PM), and Saturday 9AM–1PM. Confirm current hours with the bank.
Is there a fee to use this?
There are no fees for visiting or consulting; loan application fees and interest rates apply based on the specific loan terms.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small businesses in Montana, with some services available to non-residents on a case-by-case basis.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 650 is generally required, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Yes, Freedom Bank is open on Saturdays from 9AM to 1PM for both lobby and drive-thru service. Verify current weekend hours directly.
How do I get there and where do I park?
Freedom Bank is located in Montana — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Freedom Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Freedom Bank itself, which runs its own lending under its own ownership. If you work at Freedom Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Freedom Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Freedom Bank before applying. If you represent Freedom Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Freedom Bank by phone at (406) 892-1776 or online at freedombankmt.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Freedom Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Freedom Bank most often finances businesses in general retail. This reflects Freedom Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Freedom Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Freedom Bank participates in SBA Express depends on its specific SBA lending authority. Contact Freedom Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Freedom Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Freedom Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Freedom Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Freedom Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Freedom Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Freedom Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Freedom Bank weighs this case by case under its own policy, so be upfront about your history and ask Freedom Bank how it evaluates prior bankruptcies.
