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SBA lenders in Milwaukee, WI

SBA 7(a) and 504 loans to businesses in Milwaukee (Milwaukee County), October 2021 to June 30, 2026 · Updated October 15, 2026
655
SBA loans approved
$353.3M
Total approved
$213,900
Median loan
85
Lenders active
31%
To startups

655 SBA loans worth $353.3M went to businesses in Milwaukee, WI between October 2021 and June 2026, from 85 lenders. WBD made the most, 78 loans. The median loan was $213,900, compared with $269,000 across Wisconsin, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Milwaukee

#LenderLoansApprovedMedian loanTo startups
1WBD
Certified development company · Madison, WI
78$73.1M$689,50010%
2Huntington National Bank
Bank · Columbus, OH
63$9.1M$50,00043%
3U.S. Bank
Bank · Cincinnati, OH
63$6.9M$35,00041%
4Wisconsin Women's Business Initiative
Non-bank lender · Milwaukee, WI
53$8.1M$150,00060%
5Old National Bank
Bank · Evansville, IN
24$21.2M$547,65025%
6Newtek Bank
Bank · Miami, FL
24$16.2M$212,50017%
7Byline Bank
Bank · Chicago, IL
23$33.9M$1,400,00048%
8Readycap Lending
Non-bank lender · Berkeley Heights, NJ
20$4.9M$50,00010%
9Northeast Bank
Bank · Portland, ME
20$2.4M$73,55015%
10Associated Bank
Bank · Green Bay, WI
16$5.7M$121,60012%
11Waukesha State Bank
Bank · Waukesha, WI
15$10.5M$500,00067%
12First Internet Bank of Indiana
Bank · Fishers, IN
12$15.7M$740,00042%
13CIBM Bank
Bank · Champaign, IL
12$10.8M$273,50017%
14Town Bank
Bank · Hartland, WI
12$4.2M$305,0000%
15Summit CU
Credit union · Cottage Grove, WI
12$3.2M$95,00050%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Milwaukee. For 504 loans the lender shown is the certified development company.

What gets financed in Milwaukee

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels113
17%
$310,000WBD
Retail90
14%
$339,950Huntington National Bank
Health care and social assistance85
13%
$150,000Wisconsin Women's Business Initiative
Other services (repair, personal care)59
9%
$150,000Wisconsin Women's Business Initiative
Construction55
8%
$138,800U.S. Bank
Professional and technical services53
8%
$150,000WBD
Manufacturing50
8%
$395,750WBD
Transportation and warehousing34
5%
$134,750Huntington National Bank
Loan size mix
  • Under $150,00038%
  • $150,000 to $500,00032%
  • $500,000 to $2 million24%
  • $2 million and up6%
Compared with Wisconsin
Median loan, Milwaukee
$213,900
Median loan, Wisconsin
$269,000
Startup share, Milwaukee
31%
Startup share, Wisconsin
34%
Share of state's SBA loans
11.3%

SBA loans per fiscal year in Milwaukee

0100200300FY14: 197 loansFY14FY15: 207 loansFY15207FY16: 177 loansFY16FY17: 168 loansFY17FY18: 148 loansFY18FY19: 129 loansFY19FY20: 132 loansFY20FY21: 157 loansFY21FY22: 122 loansFY22FY23: 137 loansFY23FY24: 167 loansFY24FY25: 153 loansFY25FY26 (Oct to Jun): 76 loansFY2676
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.