States › Wisconsin › Barron County
County24th of 71 in Wisconsin by approvalsFIPS 55005
SBA loans in Barron County, Wisconsin
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 Barron County, Wisconsin, received 64 SBA loan approvals worth $45.5M in FY2021 to FY2025 (52 7(a), 12 504).
That is 47.8 approvals per 1,000 business establishments (1,340 establishments in 2023), close to the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 24th of 71 Wisconsin counties with approvals. In FY2025 there were 13, up 30% on FY2024.
20 lenders had approvals here; the most active were Hiawatha National Bank (15), WBD, Inc. (11) and CCFBank National Association (9). The most common industry was cattle ranching and farming.
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 Barron County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hiawatha National BankHager City, WI | 15 | $7.2M | 23.4% | |
| 2 | WBD, Inc.Madison, WI · CDC | 11 | $4.9M | 17.2% | |
| 3 | CCFBank National AssociationAltoona, WI | 9 | $7.5M | 14.1% | |
| 4 | Old National BankEvansville, IN | 4 | $6.2M | 6.3% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 4 | $821K | 6.3% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.1% | |
| 7 | Village BankSaint Francis, MN | 2 | — | 3.1% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 3.1% | |
| 9 | Nicolet National BankGreen Bay, WI | 2 | — | 3.1% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.1% | |
| 11 | Associated Bank National AssociationGreen Bay, WI | 2 | — | 3.1% | |
| 12 | Byline BankChicago, IL | 1 | — | 1.6% | |
| 13 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 1 | — | 1.6% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.6% | |
| 15 | UMB Bank, National AssociationKansas City, MO | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Cattle Ranching and FarmingNAICS 1121 | 11 | 17.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 9.4% | |
| 3 | Traveler AccommodationNAICS 7211 | 3 | 4.7% | |
| 4 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 3 | 4.7% | |
| 5 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 3 | 4.7% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 4.7% | |
| 7 | Dairy Product ManufacturingNAICS 3115 | 3 | 4.7% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 4.7% | |
| 9 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 3.1% | |
| 10 | Motor Vehicle and Motor Vehicle Parts and Supplies Merchant WholesalersNAICS 4231 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 18.8% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 12 | 18.8% | |
| 3 | Manufacturing | 9 | 14.1% | |
| 4 | Wholesale Trade | 5 | 7.8% | |
| 5 | Construction | 5 | 7.8% | |
| 6 | Retail Trade | 4 | 6.3% | |
| 7 | Other Services (except Public Administration) | 4 | 6.3% | |
| 8 | Health Care and Social Assistance | 3 | 4.7% |
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* | 4 | $7.1M | $1.9M | 1 | — | 5 | 50 |
| FY2025 | 9 | $10.5M | $522K | 4 | $3.5M | 13 | 147 |
| FY2024 | 8 | $1.2M | $125K | 2 | — | 10 | 58 |
| FY2023 | 16 | $6.4M | $315K | 2 | — | 18 | 118 |
| FY2022 | 10 | $8.2M | $681K | 4 | $1.5M | 14 | 156 |
| FY2021 | 9 | $12.2M | $1.0M | 0 | — | 9 | 141 |
| FY2020 | 7 | $1.1M | $148K | 2 | — | 9 | 33 |
| FY2019 | 2 | — | — | 1 | — | 3 | 4 |
| FY2018 | 5 | $952K | $125K | 1 | — | 6 | 110 |
| FY2017 | 6 | $5.1M | $273K | 1 | — | 7 | 71 |
| FY2016 | 5 | $5.2M | $40K | 2 | — | 7 | 109 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 32 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Barron County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 64 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 47.8 | 46.3 | 41.0 |
| Median 7(a) approval | $350K | $225K | $190K |
| Median 504 approval | $418K | $616K | $657K |
| Average approval | $711K | $594K | $573K |
| 504 share of approvals | 18.8% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 11.0 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less9.4%6
- $50,001 to $150,0009.4%6
- $150,001 to $350,00029.7%19
- $350,001 to $1 million37.5%24
- $1 million to $2 million3.1%2
- Over $2 million10.9%7
Age of the businesses
- Existing, more than 2 years old46.9%30
- New business, 2 years or less21.9%14
- Startup, loan funds will open the business17.2%11
- Change of ownership14.1%9
Questions and answers
Which lenders make the most SBA loans in Barron County?
By approvals in FY2021 to FY2025: Hiawatha National Bank (15), WBD, Inc. (11), CCFBank National Association (9), Old National Bank (4), U.S. Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Barron County?
The median 7(a) approval was $350K and the median 504 approval $418K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Barron County?
Cattle Ranching and Farming (11); Restaurants and Other Eating Places (6); Traveler Accommodation (3); Automotive Parts, Accessories, and Tire Stores (3); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (3).
Is SBA lending in Barron County rising?
Approvals in the three latest complete fiscal years total 41, against 32 in the three before: rising (+28%).
How does Barron County compare with the rest of Wisconsin?
47.8 approvals per 1,000 establishments against 46.3 statewide, and 64 of the state's 6,706 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