BMO Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by BMO Bank National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 399 | $133.3M | $334K | 2.3% |
| 621210 | Offices of Dentists | 268 | $121.7M | $454K | 1.5% |
| 621310 | Offices of Chiropractors | 238 | $44.1M | $185K | 1.4% |
| 624410 | Child Care Services | 191 | $72.7M | $381K | 1.1% |
| 812112 | Beauty Salons | 176 | $32.9M | $187K | 1.0% |
| 722410 | Drinking Places (Alcoholic Beverages) | 169 | $42.6M | $252K | 1.0% |
| 722511 | Full-Service Restaurants | 168 | $111.1M | $661K | 1.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 159 | $64.0M | $402K | 0.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 151 | $74.8M | $495K | 0.9% |
| 541110 | Offices of Lawyers | 151 | $55.9M | $370K | 0.9% |
Geographic Distribution
SBA lending activity for BMO Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 3,858 | $1.95B | 22.1% |
| Wisconsin (WI) | 3,567 | $700.8M | 20.4% |
| Colorado (CO) | 1,185 | $548.0M | 6.8% |
| Arizona (AZ) | 1,123 | $371.5M | 6.4% |
| Illinois (IL) | 1,592 | $359.5M | 9.1% |
| Utah (UT) | 956 | $333.9M | 5.5% |
| Minnesota (MN) | 977 | $244.1M | 5.6% |
| Oregon (OR) | 295 | $197.9M | 1.7% |
| New Mexico (NM) | 420 | $162.4M | 2.4% |
| Washington (WA) | 230 | $136.5M | 1.3% |
| Indiana (IN) | 516 | $127.5M | 3.0% |
| Nevada (NV) | 337 | $113.3M | 1.9% |
| Missouri (MO) | 454 | $101.0M | 2.6% |
| Kansas (KS) | 307 | $75.4M | 1.8% |
| Texas (TX) | 158 | $73.5M | 0.9% |
| Wyoming (WY) | 388 | $71.4M | 2.2% |
| Florida (FL) | 222 | $65.2M | 1.3% |
| Idaho (ID) | 88 | $45.6M | 0.5% |
| Iowa (IA) | 120 | $33.3M | 0.7% |
| Nebraska (NE) | 96 | $27.4M | 0.5% |
| Georgia (GA) | 62 | $25.1M | 0.4% |
| Tennessee (TN) | 50 | $24.7M | 0.3% |
| New York (NY) | 50 | $24.7M | 0.3% |
| North Dakota (ND) | 127 | $23.0M | 0.7% |
| Oklahoma (OK) | 33 | $17.8M | 0.2% |
| Michigan (MI) | 20 | $12.2M | 0.1% |
| North Carolina (NC) | 20 | $12.1M | 0.1% |
| South Dakota (SD) | 49 | $10.1M | 0.3% |
| Ohio (OH) | 17 | $9.8M | 0.1% |
| Alabama (AL) | 18 | $8.0M | 0.1% |
| New Jersey (NJ) | 20 | $7.8M | 0.1% |
| Virginia (VA) | 13 | $6.5M | 0.1% |
| Alaska (AK) | 3 | $5.8M | 0.0% |
| Pennsylvania (PA) | 10 | $5.8M | 0.1% |
| Maryland (MD) | 12 | $5.5M | 0.1% |
| Connecticut (CT) | 11 | $5.4M | 0.1% |
| New Hampshire (NH) | 10 | $3.9M | 0.1% |
| South Carolina (SC) | 8 | $3.7M | 0.0% |
| Montana (MT) | 4 | $3.2M | 0.0% |
| Kentucky (KY) | 7 | $3.2M | 0.0% |
| Massachusetts (MA) | 9 | $3.1M | 0.1% |
| Rhode Island (RI) | 7 | $2.5M | 0.0% |
| Louisiana (LA) | 5 | $2.4M | 0.0% |
| Mississippi (MS) | 4 | $2.3M | 0.0% |
| Hawaii (HI) | 5 | $2.2M | 0.0% |
| Vermont (VT) | 2 | $1.4M | 0.0% |
| Arkansas (AR) | 1 | $1.0M | 0.0% |
| District of Columbia (DC) | 2 | $790K | 0.0% |
| Maine (ME) | 2 | $662K | 0.0% |
| Delaware (DE) | 2 | $150K | 0.0% |
Why Choose BMO Bank National Association?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 17,472 SBA loans approved, totaling $5.97B in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Offices of Dentists, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 146 months
- ✓Loan Range: Loan sizes from $80 to $5.0M, with an average of $342K
- ✓Nationwide Reach: Active lending in 50 states, with strong presence in CA, WI, IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about BMO Bank National Association SBA lending
What types of businesses does BMO Bank National Association typically finance?
BMO Bank National Association specializes in SBA 7(a) lending to specific industries including general automotive repair, offices of dentists, offices of chiropractors, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are BMO Bank National Association's typical SBA loan terms?
BMO Bank National Association's SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 146 months (approximately 12 years). Loan sizes range from $80 to $5.0M, with an average loan size of $342K.
Do I need a business valuation for a BMO Bank National Association SBA loan?
Yes, BMO Bank National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does BMO Bank National Association compare to other SBA lenders?
BMO Bank National Association has originated 17,472 SBA loans totaling $5.97B since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does BMO Bank National Association lend in?
BMO Bank National Association provides SBA 7(a) financing with particularly strong presence in CA, WI, IL, CO, AZ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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