States › Wisconsin › Door County
County27th of 71 in Wisconsin by approvalsFIPS 55029
SBA loans in Door 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 Door County, Wisconsin, received 50 SBA loan approvals worth $24.6M in FY2021 to FY2025 (39 7(a), 11 504).
That is 38.7 approvals per 1,000 business establishments (1,292 establishments in 2023), below the Wisconsin figure of 46.3 and close to the national 41.0.
It ranks 27th of 71 Wisconsin counties with approvals. In FY2025 there were 10.
17 lenders had approvals here; the most active were Nicolet National Bank (16), WBD, Inc. (8) and Horicon Bank (3). The most common industry was traveler accommodation.
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 Door County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Nicolet National BankGreen Bay, WI | 16 | $2.8M | 32.0% | |
| 2 | WBD, Inc.Madison, WI · CDC | 8 | $4.7M | 16.0% | |
| 3 | Horicon BankHoricon, WI | 3 | $2.8M | 6.0% | |
| 4 | Byline BankChicago, IL | 3 | $1.7M | 6.0% | |
| 5 | Associated Bank National AssociationGreen Bay, WI | 2 | — | 4.0% | |
| 6 | The Stephenson National Bank and TrustMarinette, WI | 2 | — | 4.0% | |
| 7 | First American BankElk Grove Village, IL | 2 | — | 4.0% | |
| 8 | Racine County Economic Development CorporationSturtevant, WI · CDC | 2 | — | 4.0% | |
| 9 | One Community BankOregon, WI | 2 | — | 4.0% | |
| 10 | Bank of LuxemburgLuxemburg, WI | 2 | — | 4.0% | |
| 11 | The Huntington National BankColumbus, OH | 2 | — | 4.0% | |
| 12 | SomerCor 504, Inc.Chicago, IL · CDC | 1 | — | 2.0% | |
| 13 | GBankLas Vegas, NV | 1 | — | 2.0% | |
| 14 | Bank Five NineOconomowoc, WI | 1 | — | 2.0% | |
| 15 | IncredibleBankWausau, WI | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 12.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 10.0% | |
| 3 | Furniture and Home Furnishings RetailersNAICS 4491 | 5 | 10.0% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 10.0% | |
| 5 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 3 | 6.0% | |
| 6 | Specialty Food StoresNAICS 4452 | 3 | 6.0% | |
| 7 | Residential Building ConstructionNAICS 2361 | 2 | 4.0% | |
| 8 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 2 | 4.0% | |
| 9 | Beverage ManufacturingNAICS 3121 | 2 | 4.0% | |
| 10 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 2 | 4.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 17 | 34.0% | |
| 2 | Accommodation and Food Services | 13 | 26.0% | |
| 3 | Arts, Entertainment, and Recreation | 5 | 10.0% | |
| 4 | Manufacturing | 5 | 10.0% | |
| 5 | Construction | 2 | 4.0% | |
| 6 | Health Care and Social Assistance | 2 | 4.0% | |
| 7 | Other Services (except Public Administration) | 2 | 4.0% | |
| 8 | Professional, Scientific, and Technical Services | 1 | 2.0% |
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* | 3 | $2.6M | $640K | 1 | — | 4 | 24 |
| FY2025 | 8 | $4.0M | $375K | 2 | — | 10 | 62 |
| FY2024 | 6 | $5.8M | $192K | 3 | $2.5M | 9 | 75 |
| FY2023 | 8 | $1.4M | $103K | 0 | — | 8 | 68 |
| FY2022 | 10 | $4.5M | $350K | 4 | $3.0M | 14 | 91 |
| FY2021 | 7 | $1.9M | $75K | 2 | — | 9 | 53 |
| FY2020 | 11 | $2.9M | $234K | 4 | $4.2M | 15 | 139 |
| FY2019 | 7 | $903K | $104K | 1 | — | 8 | 48 |
| FY2018 | 8 | $6.9M | $305K | 0 | — | 8 | 64 |
| FY2017 | 17 | $9.2M | $250K | 2 | — | 19 | 257 |
| FY2016 | 12 | $7.2M | $289K | 2 | — | 14 | 139 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 64 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Door County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 50 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 38.7 | 46.3 | 41.0 |
| Median 7(a) approval | $175K | $225K | $190K |
| Median 504 approval | $403K | $616K | $657K |
| Average approval | $493K | $594K | $573K |
| 504 share of approvals | 22.0% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 11.0 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less20.0%10
- $50,001 to $150,00018.0%9
- $150,001 to $350,00026.0%13
- $350,001 to $1 million20.0%10
- $1 million to $2 million12.0%6
- Over $2 million4.0%2
Age of the businesses
- Existing, more than 2 years old34.0%17
- New business, 2 years or less10.0%5
- Startup, loan funds will open the business28.0%14
- Change of ownership28.0%14
Questions and answers
Which lenders make the most SBA loans in Door County?
By approvals in FY2021 to FY2025: Nicolet National Bank (16), WBD, Inc. (8), Horicon Bank (3), Byline Bank (3), Associated Bank National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Door County?
The median 7(a) approval was $175K and the median 504 approval $403K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Door County?
Traveler Accommodation (6); Other Amusement and Recreation Industries (5); Furniture and Home Furnishings Retailers (5); Restaurants and Other Eating Places (5); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (3).
Is SBA lending in Door County rising?
Approvals in the three latest complete fiscal years total 27, against 38 in the three before: falling (-29%).
How does Door County compare with the rest of Wisconsin?
38.7 approvals per 1,000 establishments against 46.3 statewide, and 50 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