States › Wisconsin › Dane County
County3rd of 71 in Wisconsin by approvalsFIPS 55025
SBA loans in Dane 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 Dane County, Wisconsin, received 659 SBA loan approvals worth $396M in FY2021 to FY2025 (521 7(a), 138 504).
That is 44.6 approvals per 1,000 business establishments (14,765 establishments in 2023), close to the Wisconsin figure of 46.3 and close to the national 41.0.
It ranks 3rd of 71 Wisconsin counties with approvals. In FY2025 there were 139, up 9% on FY2024.
83 lenders had approvals here; the most active were WBD, Inc. (126), Lake Ridge Bank (76) and Summit CU (72). 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 Dane County
By number of approvals to businesses in the county, FY2021–FY2025; 83 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | WBD, Inc.Madison, WI · CDC | 126 | $159M | 19.1% | |
| 2 | Lake Ridge BankMiddleton, WI | 76 | $23.8M | 11.5% | |
| 3 | Summit CUCottage Grove, WI | 72 | $10.5M | 10.9% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 32 | $4.7M | 4.9% | |
| 5 | Oak BankFitchburg, WI | 23 | $10.2M | 3.5% | |
| 6 | One Community BankOregon, WI | 23 | $7.9M | 3.5% | |
| 7 | Wisconsin Women's Business Initiative CorporationMilwaukee, WI | 22 | $4.0M | 3.3% | |
| 8 | The Park BankMadison, WI | 17 | $3.8M | 2.6% | |
| 9 | Byline BankChicago, IL | 16 | $15.0M | 2.4% | |
| 10 | The Huntington National BankColumbus, OH | 15 | $5.9M | 2.3% | |
| 11 | Northeast BankLewiston, ME | 13 | $1.1M | 2.0% | |
| 12 | Bank Five NineOconomowoc, WI | 11 | $5.7M | 1.7% | |
| 13 | Associated Bank National AssociationGreen Bay, WI | 11 | $3.3M | 1.7% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 11 | $1.9M | 1.7% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 11 | $1.7M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 52 | 7.9% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 34 | 5.2% | |
| 3 | Child Day Care ServicesNAICS 6244 | 26 | 3.9% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 26 | 3.9% | |
| 5 | Personal Care ServicesNAICS 8121 | 24 | 3.6% | |
| 6 | Residential Building ConstructionNAICS 2361 | 22 | 3.3% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 19 | 2.9% | |
| 8 | Other Personal ServicesNAICS 8129 | 19 | 2.9% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 16 | 2.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 16 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 87 | 13.2% | |
| 2 | Health Care and Social Assistance | 76 | 11.5% | |
| 3 | Retail Trade | 70 | 10.6% | |
| 4 | Construction | 70 | 10.6% | |
| 5 | Other Services (except Public Administration) | 67 | 10.2% | |
| 6 | Manufacturing | 58 | 8.8% | |
| 7 | Professional, Scientific, and Technical Services | 58 | 8.8% | |
| 8 | Arts, Entertainment, and Recreation | 40 | 6.1% |
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* | 97 | $44.8M | $200K | 16 | $16.0M | 113 | 1,410 |
| FY2025 | 119 | $46.3M | $250K | 20 | $18.4M | 139 | 1,643 |
| FY2024 | 99 | $37.1M | $150K | 28 | $44.6M | 127 | 1,315 |
| FY2023 | 74 | $41.0M | $159K | 14 | $19.9M | 88 | 1,086 |
| FY2022 | 109 | $41.7M | $155K | 43 | $52.6M | 152 | 1,654 |
| FY2021 | 120 | $54.9M | $215K | 33 | $39.9M | 153 | 1,534 |
| FY2020 | 102 | $58.6M | $200K | 34 | $29.7M | 136 | 1,745 |
| FY2019 | 154 | $51.2M | $116K | 23 | $26.0M | 177 | 2,470 |
| FY2018 | 144 | $51.2M | $93K | 13 | $9.8M | 157 | 1,628 |
| FY2017 | 157 | $48.7M | $130K | 19 | $23.5M | 176 | 1,820 |
| FY2016 | 186 | $57.5M | $123K | 11 | $6.3M | 197 | 2,383 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 843 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Dane County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 659 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 44.6 | 46.3 | 41.0 |
| Median 7(a) approval | $189K | $225K | $190K |
| Median 504 approval | $822K | $616K | $657K |
| Average approval | $601K | $594K | $573K |
| 504 share of approvals | 20.9% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 11.0 | 11.0 | 10.5 |
| Share of state approvals | 9.8% | 100.0% | — |
Approval sizes
- $50,000 or less15.9%105
- $50,001 to $150,00022.0%145
- $150,001 to $350,00020.9%138
- $350,001 to $1 million25.2%166
- $1 million to $2 million8.5%56
- Over $2 million7.4%49
Age of the businesses
- Existing, more than 2 years old52.4%345
- New business, 2 years or less14.6%96
- Startup, loan funds will open the business23.8%157
- Change of ownership9.3%61
Questions and answers
Which lenders make the most SBA loans in Dane County?
By approvals in FY2021 to FY2025: WBD, Inc. (126), Lake Ridge Bank (76), Summit CU (72), U.S. Bank, National Association (32), Oak Bank (23). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Dane County?
The median 7(a) approval was $189K and the median 504 approval $822K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Dane County?
Restaurants and Other Eating Places (52); Other Amusement and Recreation Industries (34); Child Day Care Services (26); Offices of Other Health Practitioners (26); Personal Care Services (24).
Is SBA lending in Dane County rising?
Approvals in the three latest complete fiscal years total 354, against 441 in the three before: falling (-20%).
How does Dane County compare with the rest of Wisconsin?
44.6 approvals per 1,000 establishments against 46.3 statewide, and 659 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