States › Wisconsin › Sawyer County
County32nd of 71 in Wisconsin by approvalsFIPS 55113
SBA loans in Sawyer 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 40 loans to businesses in Sawyer County, Wisconsin, in FY2021 to FY2025, worth $27.8M: 36 under 7(a) and 4 under 504.
That is 63.8 approvals per 1,000 business establishments (627 establishments in 2023), above the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 32nd of 71 Wisconsin counties with approvals. In FY2025 there were 7, down 30% on FY2024.
18 lenders had approvals here; the most active were Frandsen Bank and Trust (11), Old National Bank (5) and WBD, Inc. (4). The most common industry was other motor vehicle dealers.
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 Sawyer County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Frandsen Bank and TrustArden Hills, MN | 11 | $3.4M | 27.5% | |
| 2 | Old National BankEvansville, IN | 5 | $9.4M | 12.5% | |
| 3 | WBD, Inc.Madison, WI · CDC | 4 | $2.4M | 10.0% | |
| 4 | North Shore Bank of CommerceDuluth, MN | 3 | $1.6M | 7.5% | |
| 5 | Forward BankMarshfield, WI | 3 | $1.0M | 7.5% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 5.0% | |
| 7 | Bank Five NineOconomowoc, WI | 1 | — | 2.5% | |
| 8 | Byline BankChicago, IL | 1 | — | 2.5% | |
| 9 | Chippewa Valley BankHayward, WI | 1 | — | 2.5% | |
| 10 | CCFBank National AssociationAltoona, WI | 1 | — | 2.5% | |
| 11 | Northeast BankLewiston, ME | 1 | — | 2.5% | |
| 12 | Highland BankSt. Paul, MN | 1 | — | 2.5% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.5% | |
| 14 | Johnson BankRacine, WI | 1 | — | 2.5% | |
| 15 | Coulee BankLa Crosse, WI | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Motor Vehicle DealersNAICS 4412 | 5 | 12.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 10.0% | |
| 3 | Lessors of Real EstateNAICS 5311 | 4 | 10.0% | |
| 4 | Sporting Goods, Hobby, and Musical Instrument StoresNAICS 4511 | 2 | 5.0% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 5.0% | |
| 6 | Other Miscellaneous RetailersNAICS 4599 | 2 | 5.0% | |
| 7 | LoggingNAICS 1133 | 2 | 5.0% | |
| 8 | Drycleaning and Laundry ServicesNAICS 8123 | 2 | 5.0% | |
| 9 | Other Personal ServicesNAICS 8129 | 2 | 5.0% | |
| 10 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 32.5% | |
| 2 | Accommodation and Food Services | 9 | 22.5% | |
| 3 | Real Estate and Rental and Leasing | 4 | 10.0% | |
| 4 | Other Services (except Public Administration) | 4 | 10.0% | |
| 5 | Health Care and Social Assistance | 2 | 5.0% | |
| 6 | Transportation and Warehousing | 2 | 5.0% | |
| 7 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.0% | |
| 8 | Manufacturing | 2 | 5.0% |
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* | 2 | — | — | 1 | — | 3 | 56 |
| FY2025 | 6 | $2.6M | $444K | 1 | — | 7 | 53 |
| FY2024 | 10 | $11.5M | $531K | 0 | — | 10 | 267 |
| FY2023 | 2 | — | — | 0 | — | 2 | 13 |
| FY2022 | 9 | $3.9M | $293K | 1 | — | 10 | 68 |
| FY2021 | 9 | $6.9M | $360K | 2 | — | 11 | 84 |
| FY2020 | 5 | $1.3M | $250K | 3 | $1.0M | 8 | 61 |
| FY2019 | 5 | $525K | $81K | 1 | — | 6 | 26 |
| FY2018 | 2 | — | — | 1 | — | 3 | 16 |
| FY2017 | 6 | $1.1M | $165K | 1 | — | 7 | 29 |
| FY2016 | 1 | — | — | 1 | — | 2 | 7 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 26 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Sawyer County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 40 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 63.8 | 46.3 | 41.0 |
| Median 7(a) approval | $404K | $225K | $190K |
| Median 504 approval | $541K | $616K | $657K |
| Average approval | $694K | $594K | $573K |
| 504 share of approvals | 10.0% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 12.1 | 11.0 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less7.5%3
- $50,001 to $150,0007.5%3
- $150,001 to $350,00025.0%10
- $350,001 to $1 million45.0%18
- $1 million to $2 million7.5%3
- Over $2 million7.5%3
Age of the businesses
- Existing, more than 2 years old37.5%15
- New business, 2 years or less22.5%9
- Startup, loan funds will open the business10.0%4
- Change of ownership30.0%12
Questions and answers
Which lenders make the most SBA loans in Sawyer County?
By approvals in FY2021 to FY2025: Frandsen Bank and Trust (11), Old National Bank (5), WBD, Inc. (4), North Shore Bank of Commerce (3), Forward Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sawyer County?
The median 7(a) approval was $404K and the median 504 approval $541K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Sawyer County?
Other Motor Vehicle Dealers (5); Restaurants and Other Eating Places (4); Lessors of Real Estate (4); Sporting Goods, Hobby, and Musical Instrument Stores (2); Traveler Accommodation (2).
Is SBA lending in Sawyer County rising?
Approvals in the three latest complete fiscal years total 19, against 29 in the three before: falling (-34%).
How does Sawyer County compare with the rest of Wisconsin?
63.8 approvals per 1,000 establishments against 46.3 statewide, and 40 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