PPP Loan Data: Montana
Paycheck Protection Program statistics for Montana. 38,562 loans disbursed, 1,619 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk0.3% of national total
Avg: $82,961 per loan
$134M outstanding
95.8% forgiveness rate
PPP Program Overview: Montana
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 38,562 Paycheck Protection Program loans in Montana, totaling $3.2B. These loans supported approximately 268K jobs across the state during the COVID-19 pandemic.
Of these loans, 36,943 (95.8%) were fully forgiven. However, 1,619 loans totaling $134M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has standard-level PPP enforcement activity.
Enforcement Risk in Montana
Montana has standard-level PPP enforcement activity. While enforcement is less concentrated here than in major metropolitan states, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of geographic location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Montana borrowers for several more years. The 1,619 unforgiven loans in Montana represent the most immediate enforcement targets.
Montana vs. National Average
Frequently Asked Questions: PPP in Montana
How many PPP loans were issued in Montana?
Montana received 38,562 PPP loans totaling $3.2B between April 2020 and May 2021. The average loan size was $82,961, supporting approximately 268K jobs.
How many PPP loans in Montana were not forgiven?
Approximately 1,619 PPP loans in Montana (4.2% of total) were not forgiven, representing $134M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in Montana?
Montana is classified as "Standard" enforcement risk. This state has standard-level PPP enforcement activity. Borrowers in Montana with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in Montana in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. Montana borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,619 Montana borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.