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County38th of 71 in Wisconsin by approvalsFIPS 55031
SBA loans in Douglas 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.
SBA approved 31 loans to businesses in Douglas County, Wisconsin, in FY2021 to FY2025, worth $11.8M: 22 under 7(a) and 9 under 504.
That is 31.1 approvals per 1,000 business establishments (998 establishments in 2023), below the Wisconsin figure of 46.3 and below the national 41.0.
It ranks 38th of 71 Wisconsin counties with approvals. In FY2025 there were 8.
12 lenders had approvals here; the most active were WBD, Inc. (8), Northeast Entrepreneur Fund, Inc. (8) and National Bank of Commerce (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 Douglas County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | WBD, Inc.Madison, WI · CDC | 8 | $3.5M | 25.8% | |
| 2 | Northeast Entrepreneur Fund, Inc.Duluth, MN | 8 | $870K | 25.8% | |
| 3 | National Bank of CommerceSuperior, WI | 4 | $1.3M | 12.9% | |
| 4 | The Huntington National BankColumbus, OH | 2 | — | 6.5% | |
| 5 | Northeast BankLewiston, ME | 2 | — | 6.5% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.2% | |
| 7 | Bell BankFargo, ND | 1 | — | 3.2% | |
| 8 | First Bank & TrustBrookings, SD | 1 | — | 3.2% | |
| 9 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 3.2% | |
| 10 | Superior Choice CUSuperior, WI | 1 | — | 3.2% | |
| 11 | Midwest Business Finance CorporationSt. Cloud, MN · CDC | 1 | — | 3.2% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 12.9% | |
| 2 | Nursing Care Facilities (Skilled Nursing Facilities)NAICS 6231 | 2 | 6.5% | |
| 3 | Residential Building ConstructionNAICS 2361 | 2 | 6.5% | |
| 4 | General Freight TruckingNAICS 4841 | 2 | 6.5% | |
| 5 | Utility System ConstructionNAICS 2371 | 2 | 6.5% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 6.5% | |
| 7 | Personal Care ServicesNAICS 8121 | 2 | 6.5% | |
| 8 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 2 | 6.5% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 1 | 3.2% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 25.8% | |
| 2 | Construction | 5 | 16.1% | |
| 3 | Other Services (except Public Administration) | 4 | 12.9% | |
| 4 | Health Care and Social Assistance | 3 | 9.7% | |
| 5 | Manufacturing | 3 | 9.7% | |
| 6 | Transportation and Warehousing | 3 | 9.7% | |
| 7 | Retail Trade | 2 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.2% |
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 | $1.2M | $180K | 0 | — | 4 | 18 |
| FY2025 | 4 | $1.2M | $325K | 4 | $1.8M | 8 | 59 |
| FY2024 | 2 | — | — | 0 | — | 2 | 21 |
| FY2023 | 5 | $3.0M | $353K | 1 | — | 6 | 55 |
| FY2022 | 5 | $3.0M | $276K | 2 | — | 7 | 71 |
| FY2021 | 6 | $476K | $79K | 2 | — | 8 | 38 |
| FY2020 | 9 | $980K | $53K | 3 | $853K | 12 | 130 |
| FY2019 | 14 | $3.5M | $134K | 1 | — | 15 | 238 |
| FY2018 | 12 | $1.9M | $130K | 1 | — | 13 | 130 |
| FY2017 | 5 | $1.8M | $265K | 4 | $848K | 9 | 67 |
| FY2016 | 1 | — | — | 1 | — | 2 | 36 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 51 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Douglas County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 31 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 31.1 | 46.3 | 41.0 |
| Median 7(a) approval | $231K | $225K | $190K |
| Median 504 approval | $403K | $616K | $657K |
| Average approval | $381K | $594K | $573K |
| 504 share of approvals | 29.0% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 7.9 | 11.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less9.7%3
- $50,001 to $150,00022.6%7
- $150,001 to $350,00029.0%9
- $350,001 to $1 million29.0%9
- $1 million to $2 million9.7%3
Age of the businesses
- Existing, more than 2 years old54.8%17
- New business, 2 years or less22.6%7
- Startup, loan funds will open the business9.7%3
- Change of ownership12.9%4
Questions and answers
Which lenders make the most SBA loans in Douglas County?
By approvals in FY2021 to FY2025: WBD, Inc. (8), Northeast Entrepreneur Fund, Inc. (8), National Bank of Commerce (4), The Huntington National Bank (2), Northeast Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Douglas County?
The median 7(a) approval was $231K and the median 504 approval $403K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Douglas County?
Restaurants and Other Eating Places (4); Nursing Care Facilities (Skilled Nursing Facilities) (2); Residential Building Construction (2); General Freight Trucking (2); Utility System Construction (2).
Is SBA lending in Douglas County rising?
Approvals in the three latest complete fiscal years total 16, against 27 in the three before: falling (-41%).
How does Douglas County compare with the rest of Wisconsin?
31.1 approvals per 1,000 establishments against 46.3 statewide, and 31 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