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County7th of 71 in Wisconsin by approvalsFIPS 55109
SBA loans in St. Croix 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 221 loans to businesses in St. Croix County, Wisconsin, in FY2021 to FY2025, worth $99.9M: 177 under 7(a) and 44 under 504.
That is 91.2 approvals per 1,000 business establishments (2,422 establishments in 2023), above the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 7th of 71 Wisconsin counties with approvals. In FY2025 there were 33, down 43% on FY2024.
43 lenders had approvals here; the most active were Hiawatha National Bank (57), WBD, Inc. (33) and First National Community Bank (17). 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 St. Croix County
By number of approvals to businesses in the county, FY2021–FY2025; 43 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hiawatha National BankHager City, WI | 57 | $18.3M | 25.8% | |
| 2 | WBD, Inc.Madison, WI · CDC | 33 | $26.1M | 14.9% | |
| 3 | First National Community BankNew Richmond, WI | 17 | $2.3M | 7.7% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 17 | $563K | 7.7% | |
| 5 | Old National BankEvansville, IN | 11 | $10.7M | 5.0% | |
| 6 | Citizens State BankHudson, WI | 11 | $1.9M | 5.0% | |
| 7 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 7 | $4.8M | 3.2% | |
| 8 | Platinum BankOakdale, MN | 6 | $6.8M | 2.7% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 6 | $2.8M | 2.7% | |
| 10 | BankVistaSartell, MN | 4 | $3.3M | 1.8% | |
| 11 | First State Bank and TrustBayport, MN | 4 | $650K | 1.8% | |
| 12 | Choice Financial GroupFargo, ND | 3 | $774K | 1.4% | |
| 13 | Security Financial BankDurand, WI | 3 | $521K | 1.4% | |
| 14 | Northeast BankLewiston, ME | 3 | $286K | 1.4% | |
| 15 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $28K | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 21 | 9.5% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 13 | 5.9% | |
| 3 | Other Personal ServicesNAICS 8129 | 11 | 5.0% | |
| 4 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 10 | 4.5% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 10 | 4.5% | |
| 6 | Residential Building ConstructionNAICS 2361 | 9 | 4.1% | |
| 7 | Other Food ManufacturingNAICS 3119 | 8 | 3.6% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 8 | 3.6% | |
| 9 | Specialty Food StoresNAICS 4452 | 6 | 2.7% | |
| 10 | Child Day Care ServicesNAICS 6244 | 6 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 41 | 18.6% | |
| 2 | Construction | 28 | 12.7% | |
| 3 | Retail Trade | 26 | 11.8% | |
| 4 | Accommodation and Food Services | 26 | 11.8% | |
| 5 | Other Services (except Public Administration) | 21 | 9.5% | |
| 6 | Health Care and Social Assistance | 19 | 8.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 16 | 7.2% | |
| 8 | Professional, Scientific, and Technical Services | 15 | 6.8% |
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* | 21 | $6.2M | $60K | 5 | $3.4M | 26 | 183 |
| FY2025 | 26 | $7.9M | $57K | 7 | $5.1M | 33 | 237 |
| FY2024 | 54 | $18.5M | $128K | 4 | $4.6M | 58 | 635 |
| FY2023 | 24 | $13.4M | $192K | 14 | $8.4M | 38 | 402 |
| FY2022 | 30 | $5.6M | $100K | 6 | $7.6M | 36 | 311 |
| FY2021 | 43 | $20.4M | $192K | 13 | $8.4M | 56 | 637 |
| FY2020 | 30 | $16.7M | $212K | 9 | $7.8M | 39 | 475 |
| FY2019 | 25 | $6.3M | $128K | 12 | $5.0M | 37 | 229 |
| FY2018 | 47 | $13.9M | $100K | 10 | $5.6M | 57 | 403 |
| FY2017 | 28 | $11.2M | $163K | 10 | $9.3M | 38 | 371 |
| FY2016 | 40 | $8.3M | $143K | 10 | $8.3M | 50 | 522 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 221 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | St. Croix County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 221 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 91.2 | 46.3 | 41.0 |
| Median 7(a) approval | $115K | $225K | $190K |
| Median 504 approval | $530K | $616K | $657K |
| Average approval | $452K | $594K | $573K |
| 504 share of approvals | 19.9% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 11.0 | 10.5 |
| Share of state approvals | 3.3% | 100.0% | — |
Approval sizes
- $50,000 or less25.3%56
- $50,001 to $150,00022.2%49
- $150,001 to $350,00019.9%44
- $350,001 to $1 million18.6%41
- $1 million to $2 million10.0%22
- Over $2 million4.1%9
Age of the businesses
- Existing, more than 2 years old46.2%102
- New business, 2 years or less22.6%50
- Startup, loan funds will open the business18.1%40
- Change of ownership13.1%29
Questions and answers
Which lenders make the most SBA loans in St. Croix County?
By approvals in FY2021 to FY2025: Hiawatha National Bank (57), WBD, Inc. (33), First National Community Bank (17), U.S. Bank, National Association (17), Old National Bank (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in St. Croix County?
The median 7(a) approval was $115K and the median 504 approval $530K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in St. Croix County?
Restaurants and Other Eating Places (21); Services to Buildings and Dwellings (13); Other Personal Services (11); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (10); Foundation, Structure, and Building Exterior Contractors (10).
Is SBA lending in St. Croix County rising?
Approvals in the three latest complete fiscal years total 129, against 131 in the three before: broadly level (-2%).
How does St. Croix County compare with the rest of Wisconsin?
91.2 approvals per 1,000 establishments against 46.3 statewide, and 221 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