5,807 SBA loans worth $3.4B went to Wisconsin businesses between October 2021 and June 2026, from 264 lenders. U.S. Bank made the most 7(a) loans, 429 or 9% of the state's total, and the ten most active lenders made 41%. The median 7(a) loan was $200,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 15% of loans. Annual loan count rose 16% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 429 | $81.9M | $40,000 | 36% | Construction |
| 2 | Huntington National Bank Bank · Columbus, OH | 296 | $90.8M | $100,000 | 48% | Construction |
| 3 | Old National Bank Bank · Evansville, IN | 194 | $195.8M | $531,100 | 32% | Manufacturing |
| 4 | Nicolet National Bank Bank · Green Bay, WI | 178 | $87.3M | $289,550 | 39% | Restaurants and hotels |
| 5 | Bank First Bank · Manitowoc, WI | 166 | $70.7M | $267,500 | 39% | Construction |
| 6 | Wisconsin Women's Business Initiative Non-bank lender · Milwaukee, WI | 153 | $24.0M | $150,000 | 66% | Restaurants and hotels |
| 7 | Hiawatha National Bank Bank · Hager City, WI | 150 | $57.3M | $122,500 | 39% | Agriculture, forestry and fishing |
| 8 | Northeast Bank Bank · Portland, ME | 143 | $20.0M | $103,500 | 10% | Construction |
| 9 | Summit CU Credit union · Cottage Grove, WI | 139 | $33.3M | $120,200 | 47% | Restaurants and hotels |
| 10 | Associated Bank Bank · Green Bay, WI | 130 | $65.5M | $250,000 | 38% | Restaurants and hotels |
| 11 | CCFBank Bank · Altoona, WI | 128 | $80.9M | $350,000 | 37% | Construction |
| 12 | Byline Bank Bank · Chicago, IL | 121 | $146.3M | $761,000 | 38% | Retail |
| 13 | Newtek Bank Bank · Miami, FL | 120 | $41.3M | $150,000 | 18% | Restaurants and hotels |
| 14 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 112 | $30.7M | $50,000 | 17% | Professional and technical services |
| 15 | Waukesha State Bank Bank · Waukesha, WI | 96 | $69.1M | $490,000 | 48% | Restaurants and hotels |
| 16 | Bank Five Nine Bank · Oconomowoc, WI | 78 | $42.3M | $350,000 | 38% | Restaurants and hotels |
| 17 | Lake Ridge Bank Bank · Middleton, WI | 75 | $27.9M | $180,000 | 49% | Construction |
| 18 | Live Oak Banking Bank · Wilmington, NC | 72 | $87.1M | $682,500 | 14% | Other services (repair, personal care) |
| 19 | BayFirst National Bank Bank · St. Petersburg, FL | 71 | $10.8M | $150,000 | 6% | Retail |
| 20 | Community State Bank Bank · Union Grove, WI | 63 | $16.6M | $145,000 | 41% | Health care and social assistance |
| 21 | Fortifi Bank Bank · Berlin, WI | 59 | $19.1M | $189,000 | 42% | Retail |
| 22 | American National Bank-Fox Cities Bank · Appleton, WI | 54 | $19.0M | $184,100 | 50% | Manufacturing |
| 23 | Celtic Bank Bank · Salt Lake City, UT | 53 | $26.2M | $150,000 | 23% | Retail |
| 24 | JPMorgan Chase Bank Bank · Columbus, OH | 51 | $9.2M | $150,000 | 8% | Construction |
| 25 | United Midwest Savings Bank Bank · Degraff, OH | 44 | $15.2M | $150,000 | 80% | Construction |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | WBD Madison, WI | 887 | $855.1M | $635,000 |
| 2 | Racine County Economic Development Sturtevant, WI | 95 | $78.1M | $542,000 |
| 3 | Twin Cities-Metro Certified Development Vadnais Heights, MN | 12 | $8.6M | $490,000 |
| 4 | SomerCor 504 Chicago, IL | 11 | $14.1M | $1,413,000 |
| 5 | Midwest Business Finance St. Cloud, MN | 10 | $19.4M | $1,659,500 |
| 6 | Small Business Growth Springfield, IL | 8 | $13.7M | $1,148,500 |
| 7 | Amplio Economic Development Arden Hills, MN | 6 | $3.8M | $522,500 |
| 8 | Central Minnesota Development Andover, MN | 3 | $2.9M | $1,229,000 |
| 9 | Mountain West Small Business Finance Salt Lake City, UT | 1 | $760K | $760,000 |
| 10 | Dakota Business Finance Sioux Falls, SD | 1 | $421K | $421,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 887 | $365,400 | WBD | |
| Retail | 698 | $300,000 | WBD | |
| Manufacturing | 667 | $425,000 | WBD | |
| Construction | 641 | $188,000 | U.S. Bank | |
| Other services (repair, personal care) | 557 | $250,000 | WBD | |
| Health care and social assistance | 516 | $262,500 | WBD | |
| Professional and technical services | 368 | $189,000 | U.S. Bank | |
| Administrative and support services | 297 | $162,000 | U.S. Bank | |
| Arts, entertainment and recreation | 280 | $281,850 | WBD | |
| Transportation and warehousing | 270 | $151,000 | Huntington National Bank | |
| Wholesale trade | 214 | $300,000 | U.S. Bank | |
| Real estate and rental | 136 | $311,000 | WBD |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Milwaukee | 655 | $353.3M | $213,900 | WBD |
| Madison | 318 | $182.1M | $250,000 | WBD |
| Green Bay | 193 | $107.4M | $301,800 | WBD |
| Appleton | 168 | $90.8M | $228,000 | WBD |
| Eau Claire | 135 | $104.3M | $341,000 | CCFBank |
| Waukesha | 131 | $74.8M | $337,000 | WBD |
| Kenosha | 102 | $51.9M | $200,000 | U.S. Bank |
| Brookfield | 100 | $68.8M | $280,500 | Huntington National Bank |
| Racine | 94 | $36.7M | $156,750 | U.S. Bank |
| Hudson | 91 | $32.3M | $150,000 | Hiawatha National Bank |
| Sheboygan | 88 | $36.6M | $299,200 | Oostburg State Bank |
| La Crosse | 78 | $47.1M | $247,750 | Citizens State Bank of La Crosse |
| Menomonee Falls | 66 | $47.6M | $488,000 | WBD |
| Oshkosh | 59 | $41.3M | $301,000 | WBD |
| Wausau | 59 | $32.3M | $333,000 | Peoples State Bank |
50 Wisconsin cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.