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County25th of 71 in Wisconsin by approvalsFIPS 55075
SBA loans in Marinette 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 54 loans to businesses in Marinette County, Wisconsin, in FY2021 to FY2025, worth $33.9M: 52 under 7(a) and 2 under 504.
That is 51.2 approvals per 1,000 business establishments (1,054 establishments in 2023), close to the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 25th of 71 Wisconsin counties with approvals. In FY2025 there were 2.
16 lenders had approvals here; the most active were The Stephenson National Bank and Trust (25), First National Bank & Trust Co (6) and Farmers & Merchants Bank & Trust (5). The most common industry was machine shops; turned product; and screw, nut, and bolt manufacturing.
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 Marinette County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Stephenson National Bank and TrustMarinette, WI | 25 | $11.0M | 46.3% | |
| 2 | First National Bank & Trust CoIron Mountain, MI | 6 | $2.0M | 11.1% | |
| 3 | Farmers & Merchants Bank & TrustMarinette, WI | 5 | $4.9M | 9.3% | |
| 4 | Fortifi BankBerlin, WI | 3 | $1.6M | 5.6% | |
| 5 | Nicolet National BankGreen Bay, WI | 2 | — | 3.7% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.7% | |
| 7 | The Huntington National BankColumbus, OH | 2 | — | 3.7% | |
| 8 | Shoreham BankWarwick, RI | 1 | — | 1.9% | |
| 9 | T Bank, National AssociationDallas, TX | 1 | — | 1.9% | |
| 10 | Racine County Economic Development CorporationSturtevant, WI · CDC | 1 | — | 1.9% | |
| 11 | Bank First, N.A.Manitowoc, WI | 1 | — | 1.9% | |
| 12 | IncredibleBankWausau, WI | 1 | — | 1.9% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.9% | |
| 14 | WBD, Inc.Madison, WI · CDC | 1 | — | 1.9% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 9 | 16.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 9.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 3 | 5.6% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.6% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 5.6% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 5.6% | |
| 7 | Lessors of Real EstateNAICS 5311 | 2 | 3.7% | |
| 8 | Beverage ManufacturingNAICS 3121 | 2 | 3.7% | |
| 9 | Gasoline StationsNAICS 4571 | 2 | 3.7% | |
| 10 | Grocery StoresNAICS 4451 | 2 | 3.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 24.1% | |
| 2 | Manufacturing | 12 | 22.2% | |
| 3 | Accommodation and Food Services | 9 | 16.7% | |
| 4 | Other Services (except Public Administration) | 5 | 9.3% | |
| 5 | Construction | 4 | 7.4% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 5.6% | |
| 7 | Professional, Scientific, and Technical Services | 3 | 5.6% | |
| 8 | Real Estate and Rental and Leasing | 2 | 3.7% |
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 | $1.1M | $233K | 2 | — | 6 | 15 |
| FY2025 | 2 | — | — | 0 | — | 2 | 3 |
| FY2024 | 6 | $4.7M | $240K | 0 | — | 6 | 50 |
| FY2023 | 4 | $2.4M | $604K | 1 | — | 5 | 32 |
| FY2022 | 23 | $10.3M | $250K | 0 | — | 23 | 386 |
| FY2021 | 17 | $13.5M | $368K | 1 | — | 18 | 145 |
| FY2020 | 5 | $632K | $124K | 1 | — | 6 | 43 |
| FY2019 | 6 | $2.3M | $155K | 1 | — | 7 | 115 |
| FY2018 | 7 | $6.2M | $520K | 0 | — | 7 | 97 |
| FY2017 | 8 | $3.2M | $150K | 0 | — | 8 | 39 |
| FY2016 | 11 | $2.4M | $95K | 0 | — | 11 | 82 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 39 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Marinette County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 54 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 51.2 | 46.3 | 41.0 |
| Median 7(a) approval | $282K | $225K | $190K |
| Median 504 approval | — | $616K | $657K |
| Average approval | $629K | $594K | $573K |
| 504 share of approvals | 3.7% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 11.4 | 11.0 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less13.0%7
- $50,001 to $150,00020.4%11
- $150,001 to $350,00020.4%11
- $350,001 to $1 million29.6%16
- $1 million to $2 million9.3%5
- Over $2 million7.4%4
Age of the businesses
- Existing, more than 2 years old38.9%21
- New business, 2 years or less18.5%10
- Startup, loan funds will open the business5.6%3
- Change of ownership37.0%20
Questions and answers
Which lenders make the most SBA loans in Marinette County?
By approvals in FY2021 to FY2025: The Stephenson National Bank and Trust (25), First National Bank & Trust Co (6), Farmers & Merchants Bank & Trust (5), Fortifi Bank (3), Nicolet National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Marinette County?
The median 7(a) approval was $282K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Marinette County?
Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (9); Restaurants and Other Eating Places (5); Traveler Accommodation (3); Automotive Repair and Maintenance (3); Other Amusement and Recreation Industries (3).
Is SBA lending in Marinette County rising?
Approvals in the three latest complete fiscal years total 13, against 47 in the three before: falling (-72%).
How does Marinette County compare with the rest of Wisconsin?
51.2 approvals per 1,000 establishments against 46.3 statewide, and 54 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