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County16th of 71 in Wisconsin by approvalsFIPS 55127
SBA loans in Walworth 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 Walworth County, Wisconsin, received 130 SBA loan approvals worth $71.2M in FY2021 to FY2025 (104 7(a), 26 504).
That is 46.0 approvals per 1,000 business establishments (2,829 establishments in 2023), close to the Wisconsin figure of 46.3 and close to the national 41.0.
It ranks 16th of 71 Wisconsin counties with approvals. In FY2025 there were 20, about level with FY2024.
41 lenders had approvals here; the most active were U.S. Bank, National Association (19), WBD, Inc. (15) and Community State Bank (12). 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 Walworth County
By number of approvals to businesses in the county, FY2021–FY2025; 41 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 19 | $2.6M | 14.6% | |
| 2 | WBD, Inc.Madison, WI · CDC | 15 | $20.6M | 11.5% | |
| 3 | Community State BankUnion Grove, WI | 12 | $2.4M | 9.2% | |
| 4 | Racine County Economic Development CorporationSturtevant, WI · CDC | 8 | $5.8M | 6.2% | |
| 5 | Associated Bank National AssociationGreen Bay, WI | 8 | $3.4M | 6.2% | |
| 6 | Town Bank, National AssociationHartland, WI | 6 | $3.3M | 4.6% | |
| 7 | First Citizens State BankWhitewater, WI | 6 | $2.4M | 4.6% | |
| 8 | The Huntington National BankColumbus, OH | 6 | $1.8M | 4.6% | |
| 9 | Waukesha State BankWaukesha, WI | 4 | $2.1M | 3.1% | |
| 10 | Byline BankChicago, IL | 3 | $2.5M | 2.3% | |
| 11 | Old National BankEvansville, IN | 3 | $2.0M | 2.3% | |
| 12 | Bank of Lake MillsLake Mills, WI | 3 | $662K | 2.3% | |
| 13 | Wisconsin Women's Business Initiative CorporationMilwaukee, WI | 3 | $310K | 2.3% | |
| 14 | IncredibleBankWausau, WI | 2 | — | 1.5% | |
| 15 | CIBM BankChampaign, IL | 2 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 6.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 6 | 4.6% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 6 | 4.6% | |
| 4 | Residential Building ConstructionNAICS 2361 | 6 | 4.6% | |
| 5 | Other Miscellaneous ManufacturingNAICS 3399 | 5 | 3.8% | |
| 6 | General Freight TruckingNAICS 4841 | 5 | 3.8% | |
| 7 | Lessors of Real EstateNAICS 5311 | 4 | 3.1% | |
| 8 | Other Personal ServicesNAICS 8129 | 4 | 3.1% | |
| 9 | Personal Care ServicesNAICS 8121 | 4 | 3.1% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 3 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 22 | 16.9% | |
| 2 | Manufacturing | 19 | 14.6% | |
| 3 | Accommodation and Food Services | 17 | 13.1% | |
| 4 | Retail Trade | 16 | 12.3% | |
| 5 | Other Services (except Public Administration) | 12 | 9.2% | |
| 6 | Transportation and Warehousing | 8 | 6.2% | |
| 7 | Health Care and Social Assistance | 7 | 5.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 6 | 4.6% |
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* | 9 | $10.3M | $360K | 2 | — | 11 | 105 |
| FY2025 | 18 | $4.6M | $112K | 2 | — | 20 | 187 |
| FY2024 | 16 | $4.9M | $91K | 4 | $9.7M | 20 | 75 |
| FY2023 | 18 | $7.6M | $218K | 4 | $3.0M | 22 | 203 |
| FY2022 | 19 | $12.4M | $350K | 9 | $7.6M | 28 | 194 |
| FY2021 | 33 | $12.3M | $250K | 7 | $7.2M | 40 | 481 |
| FY2020 | 19 | $11.2M | $184K | 1 | — | 20 | 286 |
| FY2019 | 22 | $5.7M | $95K | 2 | — | 24 | 204 |
| FY2018 | 26 | $12.9M | $150K | 1 | — | 27 | 122 |
| FY2017 | 26 | $11.1M | $195K | 1 | — | 27 | 504 |
| FY2016 | 35 | $10.2M | $150K | 1 | — | 36 | 180 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 134 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Walworth County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 130 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 46.0 | 46.3 | 41.0 |
| Median 7(a) approval | $216K | $225K | $190K |
| Median 504 approval | $683K | $616K | $657K |
| Average approval | $548K | $594K | $573K |
| 504 share of approvals | 20.0% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 11.0 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less16.2%21
- $50,001 to $150,00020.0%26
- $150,001 to $350,00022.3%29
- $350,001 to $1 million24.6%32
- $1 million to $2 million12.3%16
- Over $2 million4.6%6
Age of the businesses
- Existing, more than 2 years old61.5%80
- New business, 2 years or less19.2%25
- Startup, loan funds will open the business12.3%16
- Change of ownership6.9%9
Questions and answers
Which lenders make the most SBA loans in Walworth County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (19), WBD, Inc. (15), Community State Bank (12), Racine County Economic Development Corporation (8), Associated Bank National Association (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Walworth County?
The median 7(a) approval was $216K and the median 504 approval $683K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Walworth County?
Restaurants and Other Eating Places (8); Traveler Accommodation (6); Building Finishing Contractors (6); Residential Building Construction (6); Other Miscellaneous Manufacturing (5).
Is SBA lending in Walworth County rising?
Approvals in the three latest complete fiscal years total 62, against 88 in the three before: falling (-30%).
How does Walworth County compare with the rest of Wisconsin?
46.0 approvals per 1,000 establishments against 46.3 statewide, and 130 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