States › Wisconsin › Sheboygan County
County8th of 71 in Wisconsin by approvalsFIPS 55117
SBA loans in Sheboygan 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 Sheboygan County, Wisconsin, received 205 SBA loan approvals worth $105M in FY2021 to FY2025 (179 7(a), 26 504).
That is 76.8 approvals per 1,000 business establishments (2,671 establishments in 2023), above the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 8th of 71 Wisconsin counties with approvals. In FY2025 there were 38, up 23% on FY2024.
38 lenders had approvals here; the most active were Bank First, N.A. (38), Oostburg State Bank (36) and Cleveland State Bank (23). 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 Sheboygan County
By number of approvals to businesses in the county, FY2021–FY2025; 38 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bank First, N.A.Manitowoc, WI | 38 | $16.9M | 18.5% | |
| 2 | Oostburg State BankOostburg, WI | 36 | $14.0M | 17.6% | |
| 3 | Cleveland State BankCleveland, WI | 23 | $6.4M | 11.2% | |
| 4 | WBD, Inc.Madison, WI · CDC | 20 | $17.1M | 9.8% | |
| 5 | Summit CUCottage Grove, WI | 18 | $10.0M | 8.8% | |
| 6 | Hiawatha National BankHager City, WI | 13 | $5.2M | 6.3% | |
| 7 | Racine County Economic Development CorporationSturtevant, WI · CDC | 6 | $6.3M | 2.9% | |
| 8 | Nicolet National BankGreen Bay, WI | 6 | $4.0M | 2.9% | |
| 9 | The Huntington National BankColumbus, OH | 5 | $3.1M | 2.4% | |
| 10 | U.S. Bank, National AssociationCincinnati, OH | 4 | $1.6M | 2.0% | |
| 11 | CCFBank National AssociationAltoona, WI | 3 | $1.8M | 1.5% | |
| 12 | Waldo State BankWaldo, WI | 2 | — | 1.0% | |
| 13 | First Merchants BankIndianapolis, IN | 2 | — | 1.0% | |
| 14 | UnitedOne Credit UnionManitowoc, WI | 2 | — | 1.0% | |
| 15 | Lendistry SBLC, LLCLos Angeles, CA | 2 | — | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 6.8% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 5.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 10 | 4.9% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 8 | 3.9% | |
| 5 | General Freight TruckingNAICS 4841 | 8 | 3.9% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 2.9% | |
| 7 | Traveler AccommodationNAICS 7211 | 6 | 2.9% | |
| 8 | Other Miscellaneous ManufacturingNAICS 3399 | 6 | 2.9% | |
| 9 | Other Wood Product ManufacturingNAICS 3219 | 5 | 2.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 5 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 42 | 20.5% | |
| 2 | Other Services (except Public Administration) | 24 | 11.7% | |
| 3 | Accommodation and Food Services | 23 | 11.2% | |
| 4 | Retail Trade | 21 | 10.2% | |
| 5 | Construction | 21 | 10.2% | |
| 6 | Health Care and Social Assistance | 18 | 8.8% | |
| 7 | Transportation and Warehousing | 15 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 12 | 5.9% |
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* | 27 | $15.9M | $200K | 5 | $2.7M | 32 | 455 |
| FY2025 | 31 | $14.6M | $96K | 7 | $6.8M | 38 | 229 |
| FY2024 | 27 | $11.3M | $300K | 4 | $2.2M | 31 | 354 |
| FY2023 | 33 | $11.7M | $268K | 5 | $3.8M | 38 | 326 |
| FY2022 | 32 | $15.2M | $338K | 5 | $2.9M | 37 | 596 |
| FY2021 | 56 | $28.4M | $303K | 5 | $7.6M | 61 | 763 |
| FY2020 | 38 | $30.4M | $358K | 4 | $3.5M | 42 | 625 |
| FY2019 | 25 | $9.2M | $185K | 5 | $4.7M | 30 | 363 |
| FY2018 | 20 | $10.3M | $235K | 3 | $2.3M | 23 | 397 |
| FY2017 | 32 | $11.9M | $287K | 1 | — | 33 | 271 |
| FY2016 | 39 | $21.2M | $249K | 4 | $2.1M | 43 | 785 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 171 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Sheboygan County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 205 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 76.8 | 46.3 | 41.0 |
| Median 7(a) approval | $255K | $225K | $190K |
| Median 504 approval | $659K | $616K | $657K |
| Average approval | $510K | $594K | $573K |
| 504 share of approvals | 12.7% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 11.1 | 11.0 | 10.5 |
| Share of state approvals | 3.1% | 100.0% | — |
Approval sizes
- $50,000 or less11.7%24
- $50,001 to $150,00021.5%44
- $150,001 to $350,00023.9%49
- $350,001 to $1 million31.2%64
- $1 million to $2 million7.3%15
- Over $2 million4.4%9
Age of the businesses
- Existing, more than 2 years old54.1%111
- New business, 2 years or less10.7%22
- Startup, loan funds will open the business16.6%34
- Change of ownership18.5%38
Questions and answers
Which lenders make the most SBA loans in Sheboygan County?
By approvals in FY2021 to FY2025: Bank First, N.A. (38), Oostburg State Bank (36), Cleveland State Bank (23), WBD, Inc. (20), Summit CU (18). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sheboygan County?
The median 7(a) approval was $255K and the median 504 approval $659K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Sheboygan County?
Restaurants and Other Eating Places (14); Automotive Repair and Maintenance (11); Services to Buildings and Dwellings (10); Offices of Other Health Practitioners (8); General Freight Trucking (8).
Is SBA lending in Sheboygan County rising?
Approvals in the three latest complete fiscal years total 107, against 140 in the three before: falling (-24%).
How does Sheboygan County compare with the rest of Wisconsin?
76.8 approvals per 1,000 establishments against 46.3 statewide, and 205 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