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County2nd of 71 in Wisconsin by approvalsFIPS 55133
SBA loans in Waukesha 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 710 loans to businesses in Waukesha County, Wisconsin, in FY2021 to FY2025, worth $462M: 577 under 7(a) and 133 under 504.
That is 55.6 approvals per 1,000 business establishments (12,761 establishments in 2023), above the Wisconsin figure of 46.3 and above the national 41.0.
It ranks 2nd of 71 Wisconsin counties with approvals. In FY2025 there were 141, about level with FY2024.
83 lenders had approvals here; the most active were WBD, Inc. (120), Waukesha State Bank (67) and U.S. Bank, National Association (52). 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 Waukesha County
By number of approvals to businesses in the county, FY2021–FY2025; 83 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | WBD, Inc.Madison, WI · CDC | 120 | $102M | 16.9% | |
| 2 | Waukesha State BankWaukesha, WI | 67 | $44.5M | 9.4% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 52 | $9.8M | 7.3% | |
| 4 | The Huntington National BankColumbus, OH | 47 | $20.0M | 6.6% | |
| 5 | Old National BankEvansville, IN | 45 | $38.1M | 6.3% | |
| 6 | Bank Five NineOconomowoc, WI | 42 | $20.6M | 5.9% | |
| 7 | Associated Bank National AssociationGreen Bay, WI | 24 | $14.5M | 3.4% | |
| 8 | Summit CUCottage Grove, WI | 22 | $7.3M | 3.1% | |
| 9 | Byline BankChicago, IL | 21 | $25.5M | 3.0% | |
| 10 | Wisconsin Women's Business Initiative CorporationMilwaukee, WI | 20 | $3.4M | 2.8% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 16 | $24.6M | 2.3% | |
| 12 | Ixonia BankIxonia, WI | 16 | $15.5M | 2.3% | |
| 13 | Citizens BankMukwonago, WI | 13 | $6.1M | 1.8% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 12 | $1.9M | 1.7% | |
| 15 | Northeast BankLewiston, ME | 11 | $2.0M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 50 | 7.0% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 27 | 3.8% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 25 | 3.5% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 25 | 3.5% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 23 | 3.2% | |
| 6 | General Freight TruckingNAICS 4841 | 22 | 3.1% | |
| 7 | Child Day Care ServicesNAICS 6244 | 20 | 2.8% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 20 | 2.8% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 19 | 2.7% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 17 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 93 | 13.1% | |
| 2 | Construction | 93 | 13.1% | |
| 3 | Health Care and Social Assistance | 74 | 10.4% | |
| 4 | Retail Trade | 74 | 10.4% | |
| 5 | Professional, Scientific, and Technical Services | 66 | 9.3% | |
| 6 | Other Services (except Public Administration) | 61 | 8.6% | |
| 7 | Accommodation and Food Services | 60 | 8.5% | |
| 8 | Transportation and Warehousing | 40 | 5.6% |
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* | 64 | $42.6M | $246K | 16 | $16.0M | 80 | 888 |
| FY2025 | 128 | $69.7M | $250K | 13 | $10.6M | 141 | 1,726 |
| FY2024 | 129 | $74.4M | $260K | 16 | $17.7M | 145 | 2,048 |
| FY2023 | 110 | $75.3M | $350K | 14 | $19.4M | 124 | 1,625 |
| FY2022 | 77 | $46.4M | $300K | 41 | $32.8M | 118 | 1,533 |
| FY2021 | 133 | $81.9M | $338K | 49 | $34.3M | 182 | 2,240 |
| FY2020 | 105 | $46.7M | $200K | 28 | $21.4M | 133 | 1,042 |
| FY2019 | 151 | $79.9M | $210K | 19 | $12.0M | 170 | 1,582 |
| FY2018 | 110 | $46.9M | $202K | 20 | $15.2M | 130 | 1,485 |
| FY2017 | 155 | $68.0M | $150K | 25 | $18.8M | 180 | 1,617 |
| FY2016 | 164 | $59.2M | $150K | 19 | $17.3M | 183 | 1,981 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 796 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Waukesha County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 710 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 55.6 | 46.3 | 41.0 |
| Median 7(a) approval | $300K | $225K | $190K |
| Median 504 approval | $638K | $616K | $657K |
| Average approval | $651K | $594K | $573K |
| 504 share of approvals | 18.7% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 12.9 | 11.0 | 10.5 |
| Share of state approvals | 10.6% | 100.0% | — |
Approval sizes
- $50,000 or less10.8%77
- $50,001 to $150,00014.8%105
- $150,001 to $350,00025.4%180
- $350,001 to $1 million29.7%211
- $1 million to $2 million13.0%92
- Over $2 million6.3%45
Age of the businesses
- Existing, more than 2 years old50.3%357
- New business, 2 years or less14.2%101
- Startup, loan funds will open the business18.3%130
- Change of ownership16.8%119
- Not answered0.4%3
Questions and answers
Which lenders make the most SBA loans in Waukesha County?
By approvals in FY2021 to FY2025: WBD, Inc. (120), Waukesha State Bank (67), U.S. Bank, National Association (52), The Huntington National Bank (47), Old National Bank (45). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Waukesha County?
The median 7(a) approval was $300K and the median 504 approval $638K; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Waukesha County?
Restaurants and Other Eating Places (50); Services to Buildings and Dwellings (27); Other Amusement and Recreation Industries (25); Offices of Other Health Practitioners (25); Building Equipment Contractors (23).
Is SBA lending in Waukesha County rising?
Approvals in the three latest complete fiscal years total 410, against 433 in the three before: broadly level (-5%).
How does Waukesha County compare with the rest of Wisconsin?
55.6 approvals per 1,000 establishments against 46.3 statewide, and 710 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