PPP loans in Carbon County, Montana

Name: Carbon County, Montana
Address: MT, US

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 593 Paycheck Protection Program loans for businesses it recorded in Carbon County, $18.4 million in all.

Carbon County, as of September 30, 2024

$18.4 million
Approved: $18,362,016; 0.7% of the $2.6 billion approved in Montana.; 593
Loans: 501 first draws and 92 second draws.; 99.3%
Forgiven: 589 of 593 loans carry a forgiveness amount, $18.4 million in all.; 0.3%
Charged off: 2 of 593 loans, approved for $23.0 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Carbon County · 2020–21

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The largest borrowers in Carbon County, 2020–21
Rank	Name	USD	Loans
1	Memorial Hospital Association, Red Lodge	$1.7 million$1,731,030	1
2	Red Lodge Grizzly Peak, Red Lodge	$601.4 thousand$601,400	1
3	Geo-Link, Red Lodge	$586.8 thousand$586,800	1
4	Beartooth Clippers Inc, Red Lodge	$475.6 thousand$475,600	1
5	Beartooth Clippers, Red Lodge	$469.7 thousand$469,686	1
6	Red Lodge Pizza Co, Red Lodge	$392.1 thousand$392,100	1
7	Judith P Gregory LLC, Red Lodge	$293.9 thousand$293,895	1
8	Kismet Red LLC, Red Lodge	$284.5 thousand$284,500	1
9	Spofford Hotel Company, Red Lodge	$253.2 thousand$253,169	1
10	The Katahdin Company, Red Lodge	$221.9 thousand$221,900	1
11	Beartooth Lodge, Red Lodge	$210.0 thousand$210,000	1
12	Judith P. Gregory, LLC, Red Lodge	$209.9 thousand$209,900	1
13	Milton & Betty Bastian, Red Lodge	$201.3 thousand$201,300	1
14	Montana Railroad Services Inc, Joliet	$190.2 thousand$190,200	2
15	Spofford Hotel Company, Red Lodge	$182.3 thousand$182,300	1
16	Shenandoah Solutions Inc., Red Lodge	$164.3 thousand$164,255	1
17	Westerm States Electric Inc, Red Lodge	$151.3 thousand$151,337	1
18	Red Lodge Ales Brewing Company, Red Lodge	$150.9 thousand$150,900	1
19	Beartooth Lodge, Red Lodge	$150.0 thousand$150,000	1
20	Beartooth Fertilizer, Inc., Roberts	$116.5 thousand$116,500	1
21	World West Sire Services, Inc., Joliet	$113.2 thousand$113,247	1
22	Retamco Operating, Inc, Red Lodge	$107.0 thousand$106,992	1
23	Retamco Operating Inc, Red Lodge	$107.0 thousand$106,990	1
24	The Grizzly Restaurant Of Roscoe LLC, Roscoe	$101.2 thousand$101,192	1
25	Red Lodge Drug Co., Red Lodge	$100.0 thousand$100,000	1
26	Schenk LLC, Joliet	$98,410	1
27	Red Lodge Home & Hardware Inc, Red Lodge	$97,500	1
28	Pospisils Inc., Bridger	$96,100	1
29	Red Lodge Drug Co., Red Lodge	$95,340	1
30	4 X 4 Incorporated, Roberts	$93,500	1
31	Mountain Springs Living, Red Lodge	$92,100	1
32	Red Lodge Area Community Foundation, Red Lodge	$91,900	1
33	Beartooth Fertilizer Inc., Roberts	$91,845	1
34	B&L Russell Trucking Inc, Laurel	$86,167	1
35	B&L Russell Trucking, Inc., Laurel	$86,000	1
36	West Fork Creations, Inc., Red Lodge	$81,500	1
37	Beartooth Restaurant Group, LLC, Edgar	$80,100	1
38	Zephyr Inline Skate Tours Inc, Red Lodge	$78,395	1
38	Zephyr Inline Skate Tours Inc, Red Lodge	$78,395	1
40	Centana Feed Yard, Joliet	$76,400	1
41	Schlemmer Farms, Joliet	$75,300	1
42	Alpine Contracting, Red Lodge	$73,500	1
43	Hwmm Holdings LLC, Joliet	$71,225	1
44	Morgan Contractors, Fromberg	$67,600	1
45	Carbon Fork Restaurant, Red Lodge	$65,300	1
46	Lockhart Restaurant Group LLC, Red Lodge	$65,247	1
47	Yung Improvement L.L.C., Red Lodge	$65,117	1
48	Inflatable Packers International LLC, Red Lodge	$63,320	1
49	Ten Pin Bowling Inc, Red Lodge	$61,533	1
50	Vanburen LLC, Joliet	$60,830	1
51	Vanburen LLC, Joliet	$60,800	1
52	Baldwin's Customized Landscaping, Red Lodge	$59,200	1
53	Red Lodge Beverages And Refreshments Inc., Red Lodge	$58,700	1
54	Bridger Auto Parts, Bridger	$55,300	1
55	Cole Construction, Inc., Joliet	$51,500	1
56	Hwmm Holdings LLC, Joliet	$50,875	1
57	The Grizzly Bar, Roscoe	$50,779	1
58	Yellowstone Bighorn Research Association, Red Lodge	$49,812	1
59	Red Lodge Hospitality Inc., Red Lodge	$49,400	1
60	Mystic Incorporated, Red Lodge	$47,737	1
61	Yellowstone Wildlife Sanctuary, Red Lodge	$47,300	1
62	Grizzly Peak Animal Hospital, Red Lodge	$46,805	1
63	Domestic And Sexual Violence Services Of Carbon County, Red Lodge	$46,732	1
64	Yung Improvement L.L.C., Red Lodge	$46,500	1
65	Krazy Finns LLC, Joliet	$46,095	1
66	Ii Bad Boys, Inc., Red Lodge	$46,074	1
67	Robert Smith, Roberts	$45,136	1
68	Montana Realty Company Of Red Lodge LLC, Red Lodge	$44,576	1
69	Life Of Montana LLP, Roberts	$44,000	1
70	Ten Pin Bowling Inc, Red Lodge	$43,953	1
71	Cole Construction Inc., Silesia	$43,600	1
72	Red Lodge Surveying LLC, Red Lodge	$43,450	1
73	Denney Farms Inc, Belfry	$42,700	1
74	Silver Rock Communications Inc., Red Lodge	$41,943	1
75	Pro Cut Lawn And Landscape Inc, Red Lodge	$41,942	1
76	Pro Cut Lawn And Landscape Inc., Red Lodge	$41,942	1
77	Matmown LLC, Joliet	$41,894	1
78	Kenneth Herden, Belfry	$41,666	2
79	Douglas Aisenbrey, Bridger	$41,666	2
79	Jay Stetson, Fromberg	$41,666	2
81	John Heidema, Fromberg	$41,664	2
82	Lockhart Restaurant Group LLC, Red Lodge	$41,400	1
82	Oswald Farms, Inc., Joliet	$41,400	1
84	Bridger Veterinary Services, Bridger	$38,900	1
85	Aaa Red Lodge Rentals LLC, Red Lodge	$38,533	1
86	Jemak Corporation, Red Lodge	$37,986	1
87	Bki, Red Lodge	$37,950	1
88	Stewart Construction & Remodeling, Joliet	$36,859	1
89	Performance Equine Specialists LLC, Red Lodge	$36,767	1
90	Shackleton Inc, Red Lodge	$35,186	1
91	Wright Company Mt Inc., Roberts	$33,818	1
92	Crazy Creek Products, Inc., Red Lodge	$33,800	1
92	Rocky Mountain Tires And Lubes Inc, Red Lodge	$33,800	1
92	Wright Company Mt, Inc., Roberts	$33,800	1
95	Mountain Air LLC, Joliet	$33,750	1
95	Mountain Air Specialty Sheetmetal, Heating & A/C LLC, Joliet	$33,750	1
97	High Country Equipment Inc., Red Lodge	$33,183	1
98	Krazyfinns LLC, Joliet	$32,925	1
99	Ii Bad Boys, Inc., Red Lodge	$32,900	1
100	Robert Devries, Roberts	$32,791	2

How the list is drawn

100 of the 581 borrowers ranked in Carbon County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
A borrower is ranked here when SBA recorded its first loan in Carbon County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026

Data retrieved September 23, 2026

Carbon County, as of September 30, 2024

The largest borrowers in Carbon County · 2020–21

How the list is drawn

Related

Sources