Is First Interstate Bank a good SBA lender?

First Interstate Bank has funded 6,459 SBA loans totaling $1.7B in volume across 29 states, with an average loan size of $259K. The lender's default rate is 922.00%. Whether they are the right fit depends on your deal profile — loan size, industry, geography, and borrower credit. PeerSense matches your specific deal to First Interstate Bank or one of 897+ alternatives based on closing probability + pricing.

What is the average SBA loan size at First Interstate Bank?

The average SBA loan size at First Interstate Bank is $259K, with a range from $1K to $5.0M. This profile suggests they are best suited for borrowers seeking mid-market business acquisitions and equipment financing.

What states does First Interstate Bank lend in?

First Interstate Bank actively lends across 29 states. Their highest-volume state is Montana. Other top states include Nebraska, South Dakota, Idaho. Borrower geography matters: a lender's state penetration affects underwriting familiarity, valuation comps, and turnaround speed.

Does First Interstate Bank fund franchise loans?

Yes — First Interstate Bank has funded SBA franchise loans across multiple brands. Their highest-volume franchise concept is SUBWAY SANDWICH SHOP, followed by DAIRY QUEEN, BLIMPIE, SCOOTERS JAVA EXPRESS. Lender-franchise familiarity matters: lenders that have closed multiple loans for a brand know the FDD inside-out, which speeds underwriting + reduces re-trade risk.

What industries does First Interstate Bank prefer?

First Interstate Bank's highest-volume SBA industry by NAICS code is Limited-Service Restaurants. Other active sectors: Food & Beverage Stores, Full-Service Restaurants, Repair & Maintenance. Borrower industry matters: matching your deal to a lender with strong recent volume in your NAICS reduces underwriting friction and improves close-rate odds.

How does PeerSense match deals to First Interstate Bank?

PeerSense matches your specific SBA deal to First Interstate Bank based on five factors: deal size vs lender's average + range, your industry vs lender's NAICS history, your state vs lender's geographic penetration, your franchise brand (if applicable) vs lender's brand history, and your credit + experience profile vs lender's known underwriting box. We don't sell leads — we curate fit. No retainer; lender pays referral fee at closing.

SBA LenderMontanaHigh VolumeMid-Market

First Interstate Bank

SBA lender based in Montana serving 29 states and 97 industries

Quick Answer

First Interstate Bank has funded 6,459 SBA loans across 29 states and 97 industries. Their average loan size is $259K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against First Interstate Bank and 897+ alternatives based on closing probability + pricing.

Geographic Reach

29 States

Regional focus

Industry Coverage

97 Industries

Diverse lending portfolio

Lending Activity

High Volume

Mid-Market focus

Top Lending States

Montana#1

Nebraska#2

South Dakota#3

Idaho#4

Washington#5

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Industry Focus Areas

Limited-Service Restaurants

NAICS 722

Food & Beverage Stores

NAICS 445

Full-Service Restaurants

NAICS 721

Repair & Maintenance

NAICS 811

Administrative Support

NAICS 561

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Why borrowers choose First Interstate Bank

First Interstate Bank is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $259K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Montana. With 6,459 SBA loans funded across 29 states, they operate as a regional specialist anchored in Montana. Their portfolio default rate is 922.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against First Interstate Bank and 897+ alternatives.

Recent SBA Activity at First Interstate Bank

Franchise lending: First Interstate Bank has funded SBA loans for multiple franchise concepts, with the highest volume in SUBWAY SANDWICH SHOP, DAIRY QUEEN, and BLIMPIE. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.

Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Food & Beverage Stores, and Full-Service Restaurants. Borrowers in these NAICS sectors typically see better terms and faster approvals.

Geographic concentration: Top markets are Montana, Nebraska, South Dakota, Idaho, and Washington. Lenders typically underwrite faster in states where they already have closing comps.

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Compare First Interstate Bank to Similar SBA Lenders

Other SBA lenders headquartered in Montana with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.

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Glacier Bank

8,084 loans$244K avg25 states

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The Yellowstone Bank

1,080 loans$212K avg11 states

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Stockman Bank of Montana

745 loans$165K avg7 states

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Montana Community Development Corp.

225 loans$136K avg6 states

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Opportunity Bank of Montana

205 loans$250K avg2 states

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About First Interstate Bank SBA Lending

First Interstate Bank is an SBA lender headquartered in Montana. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.

First Interstate Bank serves borrowers across 29 states and 97 industry sectors with a regional lending focus. To find out whether First Interstate Bank is a good fit for your specific deal, reach out to PeerSense for a free lender match.

PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.

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