Dakota Business Lending in Montana

504 in 406 


In 2019, Dakota Business Lending began offering their services to small businesses in rural Montana under the SBA 504 Loan Program Rural Initiative Pilot Program (504 Rural Pilot). After receiving feedback from this program, they found a significant need and opportunity to open up their services to all small business throughout the state, not just in rural areas, and officially became a multi-state CDC serving the entire state of Montana. In 2022, they expanded all their special loan programs to be available across the state.

Impacting Small Businesses Across 406

Our impact is statewide. Take a stroll through these inspiring stories across Montana that capture the essence of why we do what we do by clicking on the stars below.

Meet the 406 Team

Christie Williams - Business Development & Commercial Loan Officer

Christie Williams

Business Development Officer

Anjie Martins - Senior Credit Manager

Anjie Martins

Sr. Credit Manager

Jason - square

Jason Gerdes

Business Development Officer

Meet Christie, Anjie, and Jason - the driving forces of 504 in 406! With a passion for assisting small businesses along their entreprenuerial journey, these three are always going the extra mile to set businesses up for success. Collaboration is their strong suit, and they seek to create partnerships that will help you secure the financing you need to start, expand, and truly make an impact.

Whether your in the beginning stages of planning your startup business or are ready to grow and expand your established business, Christie, Anjie, and Jason are here for you.

SBA 504 Loan Program in Montana

Dakota Business Lending in Montana offers the SBA 504 loan program - one of the best kept secrets in the small business financing world today. The program can finance long-term fixed assets and offers benefits such as:

Up to 90% financing
10, 20, and 25-year term options
Fixed, below-market interest rates
Minimum 10% down payment

SBA 504 Structure Examples

Depending on the type of business and what the loan will be used for, there are several ways that your loan may be structured.

504 Loan Structure - White

The typical SBA 504 loan is structured in a 50-40-10 model:

  • 50% financed by a third party lender
  • 40% financed by Dakota Business Lending and the SBA
  • 10% financed by the borrower in the form of a down payment

View more loan structure examples here -> 

*Loan structure may vary. Please contact us to learn more & get specific details on your project's structure.

The SBA 504 Loan Program in Action

The real measure of our success and impact is told in the stories of our borrowers: the entrepreneurs and businesses that dared to turn a dream into a plan into a reality.  Check out how the SBA 504 loan program helped this therapy practice in Bozeman, MT.

Green Flag - Therapy and Training

  • Ania Bartkowiak discovered her passion for counseling while working as an advocate at Haven in Gallatin County
  • Started Green Flag, a therapy practice of her own, in 2016
  • The COVID-19 pandemic allowed her to bring more therapists into the practice, but there was no room in their office when they were ready to return to in-person appointments
  • Used the SBA 504 loan program to purchase and renovate a building to include 6 office suites
  • Now has 5 more therapists and can serve an additional 35 people in Bozeman and Gallatin County


Other Loan Programs

In 2022, Dakota Business Lending expanded all their special loan programs to be available across the state. Learn more about these additional programs and the financing opportunities they offer for small business owners.

Borrower Resources

There are a variety of FREE resources and programs available for small businesses throughout Montana. Here are a few that we commonly refer our borrowers to for entrepreneurial development resources such as education, training, and technical assistance:


MT Women's Business Center

Montana WBC

Assists current & potential women business owners with training, technology, & business development


SCORE Mentors


Retired business owners volunteer to mentor and counsel small business owners


MT Small Business Development Center

Montana SBDC

Assists small businesses with business plans and financial projections

The Small Business Administration (SBA) website also contains a wealth of information on starting and running a business, including:


SBA Learning Center

SBA Learning Center

This portal includes many online training courses on almost every aspect of business ownership


Small Business Resource Guide

Resource Guide

Download this guide that includes various aspects on starting and operating a business in North Dakota


Dakota Business Newsletter


Email dedicated to providing valuable information about starting & growing a small business in ND

Lender Resources

Are you wanting to know more about the SBA 504 loan program and if it's the right fit for your borrower? Download our resources below to get an overview of the SBA 504 / Debt Refinance programs and their requirements.

Meet the Montana Loan Committee

In order to better serve the state of Montana, Dakota Business Lending has created a separate loan committee for their Montana office comprised of representatives from various sectors in business, lending, and economic development throughout the state.

Bart - circle

Bert Bartle

First Elected - 2020

Currently serving as VP/Sr. Commercial Loan Officer for Opportunity Bank in Bozeman, MT, Bert brings extensive knowledge in SBA, USDA, and other financing programs to the Montana Loan Review Committee. His experience allows him to work with borrowers and counsel businesses to create financing solutions to meet their needs.

Chad - circle

Chad Molden

First Elected - 2020

Chad truly knows the ins and outs of combining traditional financing methods with non-traditional sources to help small businesses secure financing to meet their needs. He has an extensive understanding of what small businesses need to thrive in rural settings and currently serves as a Commercial Loan Officer for Stockman Bank in Sidney, MT.

Thomas - circle

Thomas Walker

First Elected - 2020

As Managing Director for On The Rise Consulting, LLC in Bozeman, MT and former SBDC Regional Director in Gallatin and Park Counties, Thomas' work with small businesses on a daily basis makes him a valuable resource for helping businesses become financially sustainable. Couple that with his extensive understanding for numbers and what small businesses needs to succeed and Thomas makes a great addition to the Montana committee.

Bob - circle

Bob Giese

First Elected - 2020

Bob Giese is the retired Business Development Director and Co-Executive Director of Snowy Mountain Development Corporation in Lewistown, MT. With years of real-world experience working as a Commercial Ag/Loan Officer, Business Owner, Rancher, Ag Advisor, and Economic Specialist, his experience makes him instrumental to the success of businesses throughout the state.

Marguerite - circle

Marguerite Jodry

First Elected - 2022

As co-owner of Zest Kitchen and Cookware in Billings, MT, Marguerite understands firsthand what it takes to manage and grow a business. Her real-world experience makes her a great advocate, partner, and advisor to small businesses across the state, especially as they navigate challenges such as staffing, supply chain issues, and others that entrepreneurs experience today.

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Dakota Business Lending in Montana:

Phone: 406-760-1002
Email: cwilliams@dakotabusinesslending.com
Address: 207 W. Main St. Ste. 2, Office 4, Lewistown, MT 59457