States › Wisconsin › Monroe County
County34th of 71 in Wisconsin by approvalsFIPS 55081
SBA loans in Monroe 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 Monroe County, Wisconsin, received 36 SBA loan approvals worth $12.5M in FY2021 to FY2025 (29 7(a), 7 504).
That is 37.2 approvals per 1,000 business establishments (967 establishments in 2023), below the Wisconsin figure of 46.3 and close to the national 41.0.
It ranks 34th of 71 Wisconsin counties with approvals. In FY2025 there were 7.
11 lenders had approvals here; the most active were Bank First, N.A. (11), WBD, Inc. (7) and CCFBank National Association (7). The most common industry was rv (recreational vehicle) parks and recreational camps.
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 Monroe County
By number of approvals to businesses in the county, FY2021–FY2025; 11 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bank First, N.A.Manitowoc, WI | 11 | $3.3M | 30.6% | |
| 2 | WBD, Inc.Madison, WI · CDC | 7 | $3.3M | 19.4% | |
| 3 | CCFBank National AssociationAltoona, WI | 7 | $1.2M | 19.4% | |
| 4 | Merchants Bank, National AssociationWinona, MN | 2 | — | 5.6% | |
| 5 | River BankStoddard, WI | 2 | — | 5.6% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 5.6% | |
| 7 | Byline BankChicago, IL | 1 | — | 2.8% | |
| 8 | Ergo BankMarkesan, WI | 1 | — | 2.8% | |
| 9 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.8% | |
| 10 | Citizens State Bank of La CrosseLa Crosse, WI | 1 | — | 2.8% | |
| 11 | Park Bank National AssociationHolmen, WI | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 3 | 8.3% | |
| 2 | Drycleaning and Laundry ServicesNAICS 8123 | 2 | 5.6% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 5.6% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 2 | 5.6% | |
| 5 | Other Residential Care FacilitiesNAICS 6239 | 2 | 5.6% | |
| 6 | Computer Systems Design and Related ServicesNAICS 5415 | 2 | 5.6% | |
| 7 | Personal Care ServicesNAICS 8121 | 2 | 5.6% | |
| 8 | Lumber and Other Construction Materials Merchant WholesalersNAICS 4233 | 2 | 5.6% | |
| 9 | Traveler AccommodationNAICS 7211 | 1 | 2.8% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 6 | 16.7% | |
| 2 | Other Services (except Public Administration) | 6 | 16.7% | |
| 3 | Retail Trade | 5 | 13.9% | |
| 4 | Construction | 4 | 11.1% | |
| 5 | Professional, Scientific, and Technical Services | 4 | 11.1% | |
| 6 | Health Care and Social Assistance | 4 | 11.1% | |
| 7 | Wholesale Trade | 3 | 8.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 2.8% |
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* | 6 | $1.5M | $250K | 0 | — | 6 | 28 |
| FY2025 | 5 | $1.0M | $270K | 2 | — | 7 | 35 |
| FY2024 | 4 | $3.7M | $323K | 1 | — | 5 | 28 |
| FY2023 | 6 | $843K | $51K | 1 | — | 7 | 18 |
| FY2022 | 5 | $699K | $135K | 2 | — | 7 | 14 |
| FY2021 | 9 | $2.9M | $229K | 1 | — | 10 | 138 |
| FY2020 | 8 | $2.1M | $210K | 0 | — | 8 | 55 |
| FY2019 | 10 | $828K | $61K | 0 | — | 10 | 36 |
| FY2018 | 10 | $2.4M | $50K | 2 | — | 12 | 50 |
| FY2017 | 14 | $2.2M | $137K | 1 | — | 15 | 78 |
| FY2016 | 10 | $2.0M | $145K | 1 | — | 11 | 68 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 56 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Monroe County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 36 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 37.2 | 46.3 | 41.0 |
| Median 7(a) approval | $135K | $225K | $190K |
| Median 504 approval | $299K | $616K | $657K |
| Average approval | $346K | $594K | $573K |
| 504 share of approvals | 19.4% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 6.5 | 11.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less19.4%7
- $50,001 to $150,00025.0%9
- $150,001 to $350,00030.6%11
- $350,001 to $1 million19.4%7
- $1 million to $2 million2.8%1
- Over $2 million2.8%1
Age of the businesses
- Existing, more than 2 years old27.8%10
- New business, 2 years or less19.4%7
- Startup, loan funds will open the business27.8%10
- Change of ownership25.0%9
Questions and answers
Which lenders make the most SBA loans in Monroe County?
By approvals in FY2021 to FY2025: Bank First, N.A. (11), WBD, Inc. (7), CCFBank National Association (7), Merchants Bank, National Association (2), River Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monroe County?
The median 7(a) approval was $135K and the median 504 approval $299K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Monroe County?
RV (Recreational Vehicle) Parks and Recreational Camps (3); Drycleaning and Laundry Services (2); Other Professional, Scientific, and Technical Services (2); Building Equipment Contractors (2); Other Residential Care Facilities (2).
Is SBA lending in Monroe County rising?
Approvals in the three latest complete fiscal years total 19, against 25 in the three before: falling (-24%).
How does Monroe County compare with the rest of Wisconsin?
37.2 approvals per 1,000 establishments against 46.3 statewide, and 36 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