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County11th of 43 in Idaho by approvalsFIPS 16065
SBA loans in Madison County, Idaho
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Madison County, Idaho, received 51 SBA loan approvals worth $28.0M in FY2021 to FY2025 (38 7(a), 13 504).
That is 45.8 approvals per 1,000 business establishments (1,113 establishments in 2023), below the Idaho figure of 56.7 and close to the national 41.0.
It ranks 11th of 43 Idaho counties with approvals. In FY2025 there were 22, up 120% on FY2024.
20 lenders had approvals here; the most active were Zions Bank, A Division of (11), The Bank of Commerce (8) and Mountain West Small Business Finance (4). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Zions Bank, A Division ofSalt Lake City, UT | 11 | $729K | 21.6% | |
| 2 | The Bank of CommerceIdaho Falls, ID | 8 | $686K | 15.7% | |
| 3 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 4 | $3.2M | 7.8% | |
| 4 | East-Central Idaho Development CompanyRexburg, ID · CDC | 4 | $2.7M | 7.8% | |
| 5 | The Huntington National BankColumbus, OH | 3 | $3.1M | 5.9% | |
| 6 | Montana Community Development Corp.Missoula, MT | 3 | $416K | 5.9% | |
| 7 | America First Federal Credit UnionRiverdale, UT | 2 | — | 3.9% | |
| 8 | Glacier BankKalispell, MT | 2 | — | 3.9% | |
| 9 | Capital Matrix, Inc.Boise, ID · CDC | 2 | — | 3.9% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.9% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.0% | |
| 12 | Panhandle Area Council, Inc.Hayden, ID · CDC | 1 | — | 2.0% | |
| 13 | Mountain America FCUSandy, UT | 1 | — | 2.0% | |
| 14 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 1 | — | 2.0% | |
| 15 | First Merchants BankIndianapolis, IN | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 9.8% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 4 | 7.8% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 3 | 5.9% | |
| 4 | Architectural, Engineering, and Related ServicesNAICS 5413 | 3 | 5.9% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 5.9% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.9% | |
| 7 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 3.9% | |
| 8 | Support Activities for ForestryNAICS 1153 | 2 | 3.9% | |
| 9 | General Freight TruckingNAICS 4841 | 2 | 3.9% | |
| 10 | Amusement Parks and ArcadesNAICS 7131 | 2 | 3.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 9 | 17.6% | |
| 2 | Construction | 6 | 11.8% | |
| 3 | Accommodation and Food Services | 6 | 11.8% | |
| 4 | Arts, Entertainment, and Recreation | 5 | 9.8% | |
| 5 | Retail Trade | 4 | 7.8% | |
| 6 | Manufacturing | 4 | 7.8% | |
| 7 | Other Services (except Public Administration) | 4 | 7.8% | |
| 8 | Health Care and Social Assistance | 3 | 5.9% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 9 | $1.1M | $100K | 2 | — | 11 | 69 |
| FY2025 | 18 | $9.2M | $150K | 4 | $3.5M | 22 | 260 |
| FY2024 | 8 | $2.1M | $61K | 2 | — | 10 | 82 |
| FY2023 | 5 | $2.5M | $20K | 1 | — | 6 | 26 |
| FY2022 | 5 | $327K | $30K | 1 | — | 6 | 19 |
| FY2021 | 2 | — | — | 5 | $3.3M | 7 | 64 |
| FY2020 | 3 | $3.4M | $545K | 9 | $3.5M | 12 | 186 |
| FY2019 | 5 | $787K | $107K | 4 | $1.7M | 9 | 35 |
| FY2018 | 17 | $7.6M | $100K | 2 | — | 19 | 125 |
| FY2017 | 18 | $2.7M | $50K | 3 | $3.9M | 21 | 229 |
| FY2016 | 4 | $1.6M | $328K | 2 | — | 6 | 83 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 67 approvals.
Against Idaho and the country
| FY2021–FY2025 | Madison County | Idaho | United States |
|---|---|---|---|
| Approvals | 51 | 3,296 | 342,825 |
| Approvals per 1,000 establishments | 45.8 | 56.7 | 41.0 |
| Median 7(a) approval | $94K | $149K | $190K |
| Median 504 approval | $539K | $501K | $657K |
| Average approval | $549K | $484K | $573K |
| 504 share of approvals | 25.5% | 16.0% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 9.2 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less29.4%15
- $50,001 to $150,00019.6%10
- $150,001 to $350,00021.6%11
- $350,001 to $1 million15.7%8
- $1 million to $2 million5.9%3
- Over $2 million7.8%4
Age of the businesses
- Existing, more than 2 years old52.9%27
- New business, 2 years or less17.6%9
- Startup, loan funds will open the business21.6%11
- Change of ownership7.8%4
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: Zions Bank, A Division of (11), The Bank of Commerce (8), Mountain West Small Business Finance (4), East-Central Idaho Development Company (4), The Huntington National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $94K and the median 504 approval $539K; the Idaho 7(a) median was $149K.
Which industries get the most SBA loans in Madison County?
Restaurants and Other Eating Places (5); Computer Systems Design and Related Services (4); Building Equipment Contractors (3); Architectural, Engineering, and Related Services (3); Other Amusement and Recreation Industries (3).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 38, against 25 in the three before: rising (+52%).
How does Madison County compare with the rest of Idaho?
45.8 approvals per 1,000 establishments against 56.7 statewide, and 51 of the state's 3,296 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error