BMO Bank approved 597 SBA loans worth $521.8M between October 2021 and June 2026, ranking #69 of 2,283 SBA lenders nationally by loan count. Its median loan was $504,400, and 15% went to startups or businesses under two years old. It lent in 27 states, most often in California, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 295 | $277.7M | $587,400 | #30 |
| Colorado | 73 | $51.0M | $350,000 | #25 |
| Arizona | 34 | $24.8M | $589,800 | #40 |
| Illinois | 28 | $17.0M | $330,500 | #55 |
| Washington | 25 | $31.0M | $800,100 | #51 |
| New Mexico | 23 | $18.9M | $399,800 | #16 |
| Wisconsin | 22 | $11.5M | $313,950 | #48 |
| Oregon | 21 | $14.6M | $410,000 | #35 |
| Utah | 17 | $17.7M | $776,000 | #42 |
| Nevada | 10 | $7.3M | $330,500 | #45 |
| Idaho | 8 | $9.9M | $875,000 | #48 |
| Missouri | 6 | $5.1M | $947,350 | #114 |
| Nebraska | 5 | $5.7M | $922,500 | #48 |
| Texas | 4 | $8.1M | $2,225,800 | #272 |
| Kansas | 4 | $3.3M | $838,200 | #91 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 88 | $620,900 | |
| Professional and technical services | 88 | $413,600 | |
| Restaurants and hotels | 70 | $592,300 | |
| Construction | 65 | $500,000 | |
| Retail | 61 | $544,000 | |
| Other services (repair, personal care) | 54 | $544,100 | |
| Manufacturing | 45 | $500,000 | |
| Wholesale trade | 40 | $500,000 | |
| Administrative and support services | 21 | $435,300 | |
| Real estate and rental | 20 | $452,900 |