States › Wisconsin › Waupaca County
County35th of 71 in Wisconsin by approvalsFIPS 55135
SBA loans in Waupaca 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 Waupaca County, Wisconsin, received 36 SBA loan approvals worth $24.9M in FY2021 to FY2025 (30 7(a), 6 504).
That is 30.0 approvals per 1,000 business establishments (1,199 establishments in 2023), below the Wisconsin figure of 46.3 and below the national 41.0.
It ranks 35th of 71 Wisconsin counties with approvals. In FY2025 there were 9.
17 lenders had approvals here; the most active were WBD, Inc. (6), U.S. Bank, National Association (4) and Bank First, N.A. (4). The most common industry was rv (recreational vehicle) parks and recreational camps.
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 Waupaca County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | WBD, Inc.Madison, WI · CDC | 6 | $8.0M | 16.7% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 4 | $2.6M | 11.1% | |
| 3 | Bank First, N.A.Manitowoc, WI | 4 | $1.2M | 11.1% | |
| 4 | Northeast BankLewiston, ME | 4 | $400K | 11.1% | |
| 5 | First State BankNew London, WI | 2 | — | 5.6% | |
| 6 | Nicolet National BankGreen Bay, WI | 2 | — | 5.6% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 2 | — | 5.6% | |
| 8 | Colony BankFitzgerald, GA | 2 | — | 5.6% | |
| 9 | Fox Communities CUAppleton, WI | 2 | — | 5.6% | |
| 10 | Enterprise Bank & TrustClayton, MO | 1 | — | 2.8% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.8% | |
| 12 | Peoples State BankWausau, WI | 1 | — | 2.8% | |
| 13 | BMO Bank National AssociationChicago, IL | 1 | — | 2.8% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.8% | |
| 15 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 4 | 11.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.1% | |
| 3 | Natural Gas DistributionNAICS 2212 | 3 | 8.3% | |
| 4 | Health and Personal Care RetailersNAICS 4561 | 2 | 5.6% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 2 | 5.6% | |
| 6 | Building Material and Supplies DealersNAICS 4441 | 2 | 5.6% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 2 | 5.6% | |
| 8 | General Freight TruckingNAICS 4841 | 2 | 5.6% | |
| 9 | Traveler AccommodationNAICS 7211 | 1 | 2.8% | |
| 10 | Support Activities for Crop ProductionNAICS 1151 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 9 | 25.0% | |
| 2 | Retail Trade | 8 | 22.2% | |
| 3 | Utilities | 3 | 8.3% | |
| 4 | Construction | 3 | 8.3% | |
| 5 | Professional, Scientific, and Technical Services | 2 | 5.6% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 2 | 5.6% | |
| 7 | Manufacturing | 2 | 5.6% | |
| 8 | Transportation and Warehousing | 2 | 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* | 4 | $1.3M | $58K | 0 | — | 4 | 83 |
| FY2025 | 8 | $7.5M | $193K | 1 | — | 9 | 49 |
| FY2024 | 7 | $4.0M | $180K | 2 | — | 9 | 142 |
| FY2023 | 5 | $2.3M | $215K | 1 | — | 6 | 65 |
| FY2022 | 8 | $2.4M | $200K | 0 | — | 8 | 79 |
| FY2021 | 2 | — | — | 2 | — | 4 | 39 |
| FY2020 | 4 | $379K | $100K | 0 | — | 4 | 61 |
| FY2019 | 7 | $4.6M | $403K | 0 | — | 7 | 60 |
| FY2018 | 13 | $8.7M | $269K | 2 | — | 15 | 133 |
| FY2017 | 8 | $1.9M | $113K | 0 | — | 8 | 88 |
| FY2016 | 9 | $4.7M | $399K | 0 | — | 9 | 294 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 43 approvals.
Against Wisconsin and the country
| FY2021–FY2025 | Waupaca County | Wisconsin | United States |
|---|---|---|---|
| Approvals | 36 | 6,706 | 342,825 |
| Approvals per 1,000 establishments | 30.0 | 46.3 | 41.0 |
| Median 7(a) approval | $198K | $225K | $190K |
| Median 504 approval | $1.4M | $616K | $657K |
| Average approval | $693K | $594K | $573K |
| 504 share of approvals | 16.7% | 18.4% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 11.0 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less22.2%8
- $50,001 to $150,00016.7%6
- $150,001 to $350,00016.7%6
- $350,001 to $1 million19.4%7
- $1 million to $2 million16.7%6
- Over $2 million8.3%3
Age of the businesses
- Existing, more than 2 years old63.9%23
- New business, 2 years or less11.1%4
- Startup, loan funds will open the business16.7%6
- Change of ownership8.3%3
Questions and answers
Which lenders make the most SBA loans in Waupaca County?
By approvals in FY2021 to FY2025: WBD, Inc. (6), U.S. Bank, National Association (4), Bank First, N.A. (4), Northeast Bank (4), First State Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Waupaca County?
The median 7(a) approval was $198K and the median 504 approval $1.4M; the Wisconsin 7(a) median was $225K.
Which industries get the most SBA loans in Waupaca County?
RV (Recreational Vehicle) Parks and Recreational Camps (4); Restaurants and Other Eating Places (4); Natural Gas Distribution (3); Health and Personal Care Retailers (2); Building Equipment Contractors (2).
Is SBA lending in Waupaca County rising?
Approvals in the three latest complete fiscal years total 24, against 16 in the three before: rising (+50%).
How does Waupaca County compare with the rest of Wisconsin?
30.0 approvals per 1,000 establishments against 46.3 statewide, and 36 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