Business Loans in Montana

Montana's economy is shaped by its vast geography, natural resources, and the independent entrepreneurial spirit of its residents. The state has experienced significant growth, particularly in the Bozeman area, which has attracted tech workers, outdoor recreation companies, and a growing startup ecosystem. Montana's tourism industry generates over $7 billion annually, driven by Glacier National Park, Yellowstone National Park, and world-class skiing and fly-fishing. Agriculture remains fundamental, with Montana ranking among the top states for wheat, barley, and cattle production across its enormous ranch lands. The energy sector, including coal, oil (Bakken formation), and growing wind energy capacity, contributes significantly to the eastern part of the state. Montana's approximately 120,000 small businesses operate in a state with no general sales tax, creating retail advantages. The cost of living varies significantly — Bozeman and Whitefish have seen rapid price increases while many communities remain very affordable. The Montana Department of Commerce offers the Big Sky Economic Development Trust Fund, the Primary Sector Workforce Training Grant, and the Montana Board of Investments which manages the Coal Severance Tax Trust Fund for economic development loans. The Montana Community Development Corporation administers SBA 504 loans statewide, and several CDFIs serve rural and tribal communities.