States › Wisconsin › Vilas County
County37th of 71 in Wisconsin by approvalsFIPS 55125
SBA loans in Vilas 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 34 loans to businesses in Vilas County, Wisconsin, in FY2021 to FY2025, worth $27.5M: 28 under 7(a) and 6 under 504.
That is 35.4 approvals per 1,000 business establishments (961 establishments in 2023), below the Wisconsin figure of 46.3 and close to the national 41.0.
It ranks 37th of 71 Wisconsin counties with approvals. In FY2025 there were 5.
13 lenders had approvals here; the most active were IncredibleBank (7), WBD, Inc. (6) and Nicolet National Bank (5). 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 Vilas County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | IncredibleBankWausau, WI | 7 | $6.6M | 20.6% | |
| 2 | WBD, Inc.Madison, WI · CDC | 6 | $3.1M | 17.6% | |
| 3 | Nicolet National BankGreen Bay, WI | 5 | $1.3M | 14.7% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 3 | $97K | 8.8% | |
| 5 | Hiawatha National BankHager City, WI | 2 | — | 5.9% | |
| 6 | First Internet Bank of IndianaFishers, IN | 2 | — | 5.9% | |
| 7 | Byline BankChicago, IL | 2 | — | 5.9% | |
| 8 | The Huntington National BankColumbus, OH | 2 | — | 5.9% | |
| 9 | Bank Five NineOconomowoc, WI | 1 | — | 2.9% | |
| 10 | T Bank, National AssociationDallas, TX | 1 | — | 2.9% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.9% | |
| 12 | Great North BankFlorence, WI | 1 | — | 2.9% | |
| 13 | Northeast BankLewiston, ME | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.8% | |
| 2 | Gasoline StationsNAICS 4571 | 3 | 8.8% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 3 | 8.8% | |
| 4 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 5.9% | |
| 5 | Lessors of Real EstateNAICS 5311 | 2 | 5.9% | |
| 6 | Grocery StoresNAICS 4451 | 2 | 5.9% | |
| 7 | Residential Building ConstructionNAICS 2361 | 2 | 5.9% | |
| 8 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 2 | 5.9% | |
| 9 | General Rental CentersNAICS 5323 | 1 | 2.9% | |
| 10 | Gasoline StationsNAICS 4471 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 23.5% | |
| 2 | Retail Trade | 8 | 23.5% | |
| 3 | Real Estate and Rental and Leasing | 4 | 11.8% | |
| 4 | Professional, Scientific, and Technical Services | 3 | 8.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 8.8% | |
| 6 | Manufacturing | 2 | 5.9% | |
| 7 | Other Services (except Public Administration) | 2 | 5.9% | |
| 8 | Construction | 2 | 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* | 8 | $8.5M | $793K | 1 | — | 9 | 68 |
| FY2025 | 5 | $1.3M | $50K | 0 | — | 5 | 49 |
| FY2024 | 1 | — | — | 1 | — | 2 | 7 |
| FY2023 | 8 | $13.6M | $685K | 2 | — | 10 | 83 |
| FY2022 | 6 | $5.4M | $726K | 0 | — | 6 | 50 |
| FY2021 | 8 | $2.6M | $291K | 3 | $1.3M | 11 | 64 |
| FY2020 | 4 | $1.2M | $270K | 2 | — | 6 | 58 |
| FY2019 | 6 | $4.4M | $709K | 2 | — | 8 | 68 |
| FY2018 | 2 | — | — | 1 | — | 3 | 2 |
| FY2017 | 5 | $786K | $148K | 0 | — | 5 | 10 |
| FY2016 | 7 | $1.9M | $210K | 0 | — | 7 | 64 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 29 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Vilas County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 34 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 35.4 | 46.3 | 41.0 |
| Median 7(a) approval | $357K | $225K | $190K |
| Median 504 approval | $388K | $616K | $657K |
| Average approval | $809K | $594K | $573K |
| 504 share of approvals | 17.6% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 7.4 | 11.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less20.6%7
- $50,001 to $150,0002.9%1
- $150,001 to $350,00023.5%8
- $350,001 to $1 million29.4%10
- $1 million to $2 million11.8%4
- Over $2 million11.8%4
Age of the businesses
- Existing, more than 2 years old44.1%15
- New business, 2 years or less23.5%8
- Startup, loan funds will open the business11.8%4
- Change of ownership20.6%7
Questions and answers
Which lenders make the most SBA loans in Vilas County?
By approvals in FY2021 to FY2025: IncredibleBank (7), WBD, Inc. (6), Nicolet National Bank (5), U.S. Bank, National Association (3), Hiawatha National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Vilas County?
The median 7(a) approval was $357K and the median 504 approval $388K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Vilas County?
Restaurants and Other Eating Places (4); Gasoline Stations (3); Services to Buildings and Dwellings (3); RV (Recreational Vehicle) Parks and Recreational Camps (2); Lessors of Real Estate (2).
Is SBA lending in Vilas County rising?
Approvals in the three latest complete fiscal years total 17, against 23 in the three before: falling (-26%).
How does Vilas County compare with the rest of Wisconsin?
35.4 approvals per 1,000 establishments against 46.3 statewide, and 34 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