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County6th of 71 in Wisconsin by approvalsFIPS 55101
SBA loans in Racine 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 Racine County, Wisconsin, received 266 SBA loan approvals worth $137M in FY2021 to FY2025 (231 7(a), 35 504).
That is 64.7 approvals per 1,000 business establishments (4,114 establishments in 2023), above the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 6th of 71 Wisconsin counties with approvals. In FY2025 there were 52, up 27% on FY2024.
51 lenders had approvals here; the most active were Community State Bank (78), U.S. Bank, National Association (36) and Racine County Economic Development Corporation (24). The most common industry was other amusement and recreation industries.
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 Racine County
By number of approvals to businesses in the county, FY2021–FY2025; 51 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community State BankUnion Grove, WI | 78 | $21.5M | 29.3% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 36 | $5.7M | 13.5% | |
| 3 | Racine County Economic Development CorporationSturtevant, WI · CDC | 24 | $19.6M | 9.0% | |
| 4 | The Huntington National BankColumbus, OH | 14 | $1.1M | 5.3% | |
| 5 | WBD, Inc.Madison, WI · CDC | 9 | $8.2M | 3.4% | |
| 6 | Byline BankChicago, IL | 7 | $8.2M | 2.6% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 7 | $530K | 2.6% | |
| 8 | Town Bank, National AssociationHartland, WI | 6 | $1.2M | 2.3% | |
| 9 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $850K | 2.3% | |
| 10 | Old National BankEvansville, IN | 5 | $3.4M | 1.9% | |
| 11 | Waukesha State BankWaukesha, WI | 5 | $2.6M | 1.9% | |
| 12 | First American BankElk Grove Village, IL | 4 | $6.2M | 1.5% | |
| 13 | Associated Bank National AssociationGreen Bay, WI | 4 | $2.3M | 1.5% | |
| 14 | Wisconsin Women's Business Initiative CorporationMilwaukee, WI | 4 | $760K | 1.5% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 3 | $5.9M | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 16 | 6.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 5.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 13 | 4.9% | |
| 4 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 13 | 4.9% | |
| 5 | General Freight TruckingNAICS 4841 | 11 | 4.1% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 4.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 10 | 3.8% | |
| 8 | Residential Building ConstructionNAICS 2361 | 10 | 3.8% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 8 | 3.0% | |
| 10 | Traveler AccommodationNAICS 7211 | 7 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 39 | 14.7% | |
| 2 | Manufacturing | 33 | 12.4% | |
| 3 | Accommodation and Food Services | 28 | 10.5% | |
| 4 | Retail Trade | 28 | 10.5% | |
| 5 | Other Services (except Public Administration) | 27 | 10.2% | |
| 6 | Professional, Scientific, and Technical Services | 22 | 8.3% | |
| 7 | Arts, Entertainment, and Recreation | 20 | 7.5% | |
| 8 | Transportation and Warehousing | 17 | 6.4% |
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* | 13 | $3.8M | $130K | 2 | — | 15 | 199 |
| FY2025 | 47 | $31.5M | $200K | 5 | $10.3M | 52 | 470 |
| FY2024 | 37 | $10.8M | $125K | 4 | $2.0M | 41 | 244 |
| FY2023 | 42 | $12.8M | $150K | 5 | $2.6M | 47 | 326 |
| FY2022 | 39 | $13.8M | $135K | 9 | $6.2M | 48 | 397 |
| FY2021 | 66 | $37.6M | $121K | 12 | $9.3M | 78 | 552 |
| FY2020 | 41 | $12.6M | $150K | 10 | $10.4M | 51 | 464 |
| FY2019 | 42 | $14.3M | $150K | 4 | $6.0M | 46 | 372 |
| FY2018 | 50 | $17.6M | $138K | 6 | $3.7M | 56 | 301 |
| FY2017 | 50 | $13.7M | $150K | 6 | $3.2M | 56 | 609 |
| FY2016 | 79 | $16.4M | $100K | 2 | — | 81 | 454 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 290 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Racine County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 266 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 64.7 | 46.3 | 41.0 |
| Median 7(a) approval | $150K | $225K | $190K |
| Median 504 approval | $500K | $616K | $657K |
| Average approval | $514K | $594K | $573K |
| 504 share of approvals | 13.2% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 11.0 | 10.5 |
| Share of state approvals | 4.0% | 100.0% | — |
Approval sizes
- $50,000 or less24.1%64
- $50,001 to $150,00021.8%58
- $150,001 to $350,00022.9%61
- $350,001 to $1 million18.8%50
- $1 million to $2 million6.4%17
- Over $2 million6.0%16
Age of the businesses
- Existing, more than 2 years old59.4%158
- New business, 2 years or less21.8%58
- Startup, loan funds will open the business7.5%20
- Change of ownership11.3%30
Questions and answers
Which lenders make the most SBA loans in Racine County?
By approvals in FY2021 to FY2025: Community State Bank (78), U.S. Bank, National Association (36), Racine County Economic Development Corporation (24), The Huntington National Bank (14), WBD, Inc. (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Racine County?
The median 7(a) approval was $150K and the median 504 approval $500K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Racine County?
Other Amusement and Recreation Industries (16); Restaurants and Other Eating Places (15); Building Equipment Contractors (13); Other Professional, Scientific, and Technical Services (13); General Freight Trucking (11).
Is SBA lending in Racine County rising?
Approvals in the three latest complete fiscal years total 140, against 177 in the three before: falling (-21%).
How does Racine County compare with the rest of Wisconsin?
64.7 approvals per 1,000 establishments against 46.3 statewide, and 266 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