Lenders › Hiawatha National Bank
7(a) lenderHager City, WisconsinFDIC-insured bank108th of 2,184 by approvals
Hiawatha National Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Hiawatha National Bank, based in Hager City, Wisconsin, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 349 of its 7(a) loans worth $159M in FY2021 to FY2025, which places it 108th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 19 approvals totalling $5.9M, down 78% on FY2024 (87). FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $200K, against $190K for the 7(a) program as a whole; 42.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 11 states and territories and 49 counties, led by Wisconsin (57.9%), Minnesota (38.1%) and Illinois (0.9%). The largest industry group was accommodation and food services at 15.8% of approvals, and 3.4% of approvals were to franchise businesses.
Of 265 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (3.8%), 172 as paid in full and 83 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 6 | $7.3M | $418K | $1.2M | 147 |
| FY2025 | 19 | $5.9M | $200K | $311K | 190 |
| FY2024 | 87 | $30.5M | $190K | $350K | 943 |
| FY2023 | 79 | $37.2M | $225K | $471K | 713 |
| FY2022 | 88 | $38.6M | $152K | $439K | 1,167 |
| FY2021 | 76 | $47.0M | $250K | $618K | 1,036 |
| FY2020 | 27 | $12.0M | $350K | $446K | 445 |
| FY2019 | 19 | $4.3M | $150K | $226K | 197 |
| FY2018 | 31 | $17.6M | $125K | $567K | 227 |
| FY2017 | 17 | $3.1M | $120K | $184K | 158 |
| FY2016 | 38 | $15.1M | $159K | $398K | 601 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 132 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Wisconsin | 7(a) program |
|---|---|---|---|
| Approvals in these years | 285 | 16,853 | 639,905 |
| Cancelled or never disbursed | 20 | 1,983 | 79,313 |
| Disbursed loans | 265 | 14,870 | 560,592 |
| Paid in full | 172 | 12,167 | 435,813 |
| Charged off | 10 | 736 | 36,891 |
| Still outstanding (status exempt from disclosure) | 83 | 1,967 | 87,888 |
| Charged off, share of disbursed loans | 3.8% | 4.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.9% | 2.6% | 2.5% |
| Dollars charged off | $2.2M | $143M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 70 | 31 | 1 | 1.4% | 2.8% |
| FY2020 | 27 | 13 | 2 | — | 4.0% |
| FY2019 | 18 | 10 | 1 | — | 6.7% |
| FY2018 | 30 | 20 | 1 | 3.3% | 7.9% |
| FY2017 | 17 | 11 | 1 | — | 7.7% |
| FY2016 | 36 | 30 | 0 | 0.0% | 7.2% |
| FY2015 | 22 | 18 | 3 | — | 6.9% |
| FY2014 | 10 | 8 | 0 | — | 6.4% |
| FY2013 | 14 | 10 | 1 | — | 6.0% |
| FY2012 | 15 | 15 | 0 | — | 6.3% |
| FY2011 | 5 | 5 | 0 | — | 6.9% |
| FY2010 | 1 | 1 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $200K | $190K |
| Average approval | $456K | $518K |
| Approvals of $150,000 or less | 42.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 40.4% | 34.3% |
| Approvals to franchise businesses | 3.4% | 11.5% |
| Jobs supported per approval, as reported | 11.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.8% | 6.6% |
States served
| # | State of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wisconsin | 202 | $76.7M | 57.9% | |
| 2 | Minnesota | 133 | $75.4M | 38.1% | |
| 3 | Illinois | 3 | $1.9M | 0.9% | |
| 4 | Michigan | 2 | — | 0.6% | |
| 5 | Colorado | 2 | — | 0.6% | |
| 6 | Massachusetts | 2 | — | 0.6% | |
| 7 | Montana | 1 | — | 0.3% | |
| 8 | Missouri | 1 | — | 0.3% | |
| 9 | Georgia | 1 | — | 0.3% | |
| 10 | Kansas | 1 | — | 0.3% | |
| 11 | Pennsylvania | 1 | — | 0.3% |
In Wisconsin the lender accounts for 3.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (49 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | St. Croix County, WI | 57 | $18.3M | 16.3% | |
| 2 | Hennepin County, MN | 33 | $24.4M | 9.5% | |
| 3 | Ramsey County, MN | 29 | $20.2M | 8.3% | |
| 4 | Trempealeau County, WI | 27 | $9.0M | 7.7% | |
| 5 | Dakota County, MN | 21 | $8.7M | 6.0% | |
| 6 | Washington County, MN | 18 | $3.8M | 5.2% | |
| 7 | Polk County, WI | 15 | $8.4M | 4.3% | |
| 8 | Barron County, WI | 15 | $7.2M | 4.3% | |
| 9 | Sheboygan County, WI | 13 | $5.2M | 3.7% | |
| 10 | Eau Claire County, WI | 12 | $3.5M | 3.4% | |
| 11 | Dunn County, WI | 11 | $3.1M | 3.2% | |
| 12 | Pierce County, WI | 9 | $4.7M | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 55 | 15.8% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 40 | 11.5% | |
| 3 | Manufacturing | 39 | 11.2% | |
| 4 | Construction | 37 | 10.6% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 36 | 10.3% | |
| 6 | Health Care and Social Assistance | 35 | 10.0% | |
| 7 | Retail Trade | 21 | 6.0% | |
| 8 | Transportation and Warehousing | 21 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 38 | 10.9% | |
| 2 | Cattle Ranching and FarmingNAICS 1121 | 31 | 8.9% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 19 | 5.4% | |
| 4 | General Freight TruckingNAICS 4841 | 14 | 4.0% | |
| 5 | Residential Building ConstructionNAICS 2361 | 11 | 3.2% | |
| 6 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 10 | 2.9% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 10 | 2.9% | |
| 8 | Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse FacilitiesNAICS 6232 | 10 | 2.9% | |
| 9 | Remediation and Other Waste Management ServicesNAICS 5629 | 10 | 2.9% | |
| 10 | Computer Systems Design and Related ServicesNAICS 5415 | 8 | 2.3% |
Approval sizes
- $50,000 or less16.6%58
- $50,001 to $150,00026.1%91
- $150,001 to $350,00023.5%82
- $350,001 to $1 million22.9%80
- $1 million to $2 million7.7%27
- Over $2 million3.2%11
Loan terms
- 5 years or less32.4%113
- Over 5 to 10 years45.0%157
- Over 10 to 20 years8.0%28
- Over 20 years14.6%51
Age of the businesses
- Existing, more than 2 years old53.3%186
- New business, 2 years or less24.4%85
- Startup, loan funds will open the business16.0%56
- Change of ownership6.3%22
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 190 | 54.4% | |
| 2 | SBA Express Program | 140 | 40.1% | |
| 3 | 7a General | 9 | 2.6% | |
| 4 | Builders CAPLine | 5 | 1.4% | |
| 5 | Working Capital CAPLine | 5 | 1.4% |
Franchise share
12 of 349 approvals in FY2021–FY2025 (3.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | ProteinHouse | 2 | 0.6% | |
| 2 | Jimmy John's | 2 | 0.6% | |
| 3 | Americas Best Value Inn | 1 | 0.3% | |
| 4 | Biggby Coffee | 1 | 0.3% | |
| 5 | Monster Tree Service | 1 | 0.3% | |
| 6 | One Hour Air Conditioning & Heating | 1 | 0.3% | |
| 7 | Realty ONE Group | 1 | 0.3% | |
| 8 | Snap Fitness | 1 | 0.3% |
Questions and answers
How many SBA loans does Hiawatha National Bank make?
SBA approved 19 7(a) loans through Hiawatha National Bank in FY2025, worth $5.9M, and 349 over FY2021 to FY2025. That ranks 108th of 2,184 active 7(a) lenders by number of approvals.
How large are Hiawatha National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $200K and the average $456K. The program-wide median was $190K.
What is Hiawatha National Bank's charge-off rate?
Of 265 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (3.8%), 172 as paid in full and 83 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Hiawatha National Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (38); cattle ranching and farming (31); services to buildings and dwellings (19); general freight trucking (14).
Where does Hiawatha National Bank make SBA loans?
In 11 states and territories. Wisconsin 202, Minnesota 133, Illinois 3, Michigan 2, Colorado 2. In Wisconsin it accounts for 3.7% of all 7(a) approvals.
Is Hiawatha National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 185, against 191 in the three before: broadly level (-3%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error