Lenders › IncredibleBank
7(a) lenderWausau, WisconsinFDIC-insured bank132nd of 2,184 by approvals
IncredibleBank
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.
IncredibleBank (Wausau, Wisconsin) is an FDIC-insured bank in the SBA 7(a) program, 132nd of 2,184 by approvals in FY2021 to FY2025: 278 loans worth $345M.
In FY2025, the latest complete fiscal year, it had 11 approvals totalling $8.7M, down 59% on FY2024 (27). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $815K, against $190K for the 7(a) program as a whole; 5.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 37 states and territories and 149 counties, led by Wisconsin (16.9%), Florida (11.5%) and California (10.4%). The largest industry group was accommodation and food services at 21.6% of approvals, and 23.0% of approvals were to franchise businesses.
Of 547 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (4.9%), 331 as paid in full and 189 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* | 10 | $5.5M | $493K | $554K | 216 |
| FY2025 | 11 | $8.7M | $315K | $793K | 164 |
| FY2024 | 27 | $28.6M | $675K | $1.1M | 362 |
| FY2023 | 47 | $51.7M | $720K | $1.1M | 1,008 |
| FY2022 | 80 | $95.2M | $867K | $1.2M | 1,735 |
| FY2021 | 113 | $161M | $910K | $1.4M | 1,712 |
| FY2020 | 135 | $156M | $796K | $1.2M | 2,412 |
| FY2019 | 148 | $148M | $628K | $1.0M | 2,355 |
| FY2018 | 35 | $18.1M | $239K | $517K | 546 |
| FY2017 | 34 | $11.9M | $199K | $350K | 528 |
| FY2016 | 43 | $18.8M | $210K | $437K | 497 |
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 395 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 | 612 | 16,853 | 639,905 |
| Cancelled or never disbursed | 65 | 1,983 | 79,313 |
| Disbursed loans | 547 | 14,870 | 560,592 |
| Paid in full | 331 | 12,167 | 435,813 |
| Charged off | 27 | 736 | 36,891 |
| Still outstanding (status exempt from disclosure) | 189 | 1,967 | 87,888 |
| Charged off, share of disbursed loans | 4.9% | 4.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.0% | 2.6% | 2.5% |
| Dollars charged off | $10.2M | $143M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 95 | 32 | 2 | 2.1% | 2.8% |
| FY2020 | 120 | 63 | 5 | 4.2% | 4.0% |
| FY2019 | 136 | 74 | 12 | 8.8% | 6.7% |
| FY2018 | 34 | 28 | 0 | 0.0% | 7.9% |
| FY2017 | 31 | 26 | 0 | 0.0% | 7.7% |
| FY2016 | 35 | 29 | 1 | 2.9% | 7.2% |
| FY2015 | 15 | 13 | 1 | — | 6.9% |
| FY2014 | 20 | 18 | 1 | — | 6.4% |
| FY2013 | 14 | 11 | 1 | — | 6.0% |
| FY2012 | 7 | 7 | 0 | — | 6.3% |
| FY2011 | 23 | 19 | 2 | — | 6.9% |
| FY2010 | 17 | 11 | 2 | — | 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 | $815K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 5.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 30.2% | 34.3% |
| Approvals to franchise businesses | 23.0% | 11.5% |
| Jobs supported per approval, as reported | 17.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.9% | 6.6% |
States served
| # | State of the business (37 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wisconsin | 47 | $44.6M | 16.9% | |
| 2 | Florida | 32 | $37.9M | 11.5% | |
| 3 | California | 29 | $54.7M | 10.4% | |
| 4 | Texas | 29 | $46.3M | 10.4% | |
| 5 | Michigan | 28 | $20.0M | 10.1% | |
| 6 | Colorado | 24 | $30.2M | 8.6% | |
| 7 | North Carolina | 14 | $26.2M | 5.0% | |
| 8 | Indiana | 8 | $15.4M | 2.9% | |
| 9 | Illinois | 7 | $5.3M | 2.5% | |
| 10 | Pennsylvania | 5 | $3.6M | 1.8% | |
| 11 | Georgia | 5 | $3.2M | 1.8% | |
| 12 | Alabama | 4 | $3.8M | 1.4% |
In Wisconsin the lender accounts for 0.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (149 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wayne County, MI | 11 | $9.2M | 4.0% | |
| 2 | Los Angeles County, CA | 9 | $25.3M | 3.2% | |
| 3 | Dallas County, TX | 9 | $12.0M | 3.2% | |
| 4 | Marathon County, WI | 8 | $4.9M | 2.9% | |
| 5 | Vilas County, WI | 7 | $6.6M | 2.5% | |
| 6 | Lee County, FL | 6 | $10.8M | 2.2% | |
| 7 | Jefferson County, CO | 6 | $6.8M | 2.2% | |
| 8 | Oakland County, MI | 6 | $5.3M | 2.2% | |
| 9 | San Bernardino County, CA | 5 | $5.2M | 1.8% | |
| 10 | Oneida County, WI | 5 | $4.7M | 1.8% | |
| 11 | Marquette County, MI | 5 | $3.0M | 1.8% | |
| 12 | Johnston County, NC | 4 | $9.7M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 60 | 21.6% | |
| 2 | Retail Trade | 56 | 20.1% | |
| 3 | Other Services (except Public Administration) | 23 | 8.3% | |
| 4 | Construction | 22 | 7.9% | |
| 5 | Transportation and Warehousing | 19 | 6.8% | |
| 6 | Manufacturing | 19 | 6.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 14 | 5.0% | |
| 8 | Health Care and Social Assistance | 13 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 31 | 11.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 27 | 9.7% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 19 | 6.8% | |
| 4 | Gasoline StationsNAICS 4471 | 12 | 4.3% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 3.6% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 9 | 3.2% | |
| 7 | General Freight TruckingNAICS 4841 | 8 | 2.9% | |
| 8 | Death Care ServicesNAICS 8122 | 8 | 2.9% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 8 | 2.9% | |
| 10 | Grocery StoresNAICS 4451 | 8 | 2.9% |
Approval sizes
- $50,000 or less1.4%4
- $50,001 to $150,0004.0%11
- $150,001 to $350,00012.2%34
- $350,001 to $1 million43.5%121
- $1 million to $2 million19.8%55
- Over $2 million19.1%53
Loan terms
- 5 years or less0.7%2
- Over 5 to 10 years45.0%125
- Over 10 to 20 years11.5%32
- Over 20 years42.8%119
Age of the businesses
- Existing, more than 2 years old36.0%100
- New business, 2 years or less21.2%59
- Startup, loan funds will open the business9.0%25
- Change of ownership33.8%94
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 244 | 87.8% | |
| 2 | SBA Express Program | 24 | 8.6% | |
| 3 | 7a General | 9 | 3.2% | |
| 4 | International Trade Loans | 1 | 0.4% |
Franchise share
64 of 278 approvals in FY2021–FY2025 (23.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 7 | 2.5% | |
| 2 | Days Inn | 6 | 2.2% | |
| 3 | Midas | 3 | 1.1% | |
| 4 | Ruth's Chris Steak House | 2 | 0.7% | |
| 5 | Americas Best Value Inn | 2 | 0.7% | |
| 6 | Epic Wings | 2 | 0.7% | |
| 7 | Armada Oil & Gas Co. | 2 | 0.7% | |
| 8 | Restore Hyper Wellness | 2 | 0.7% |
Questions and answers
How many SBA loans does IncredibleBank make?
SBA approved 11 7(a) loans through IncredibleBank in FY2025, worth $8.7M, and 278 over FY2021 to FY2025. That ranks 132nd of 2,184 active 7(a) lenders by number of approvals.
How large are IncredibleBank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $815K and the average $1.2M. The program-wide median was $190K.
What is IncredibleBank's charge-off rate?
Of 547 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (4.9%), 331 as paid in full and 189 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 IncredibleBank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (31); traveler accommodation (27); beer, wine, and liquor stores (19); gasoline stations (12).
Where does IncredibleBank make SBA loans?
In 37 states and territories. Wisconsin 47, Florida 32, California 29, Texas 29, Michigan 28. In Wisconsin it accounts for 0.9% of all 7(a) approvals.
Is IncredibleBank's SBA lending rising?
Approvals in the three latest complete fiscal years total 85, against 328 in the three before: falling (-74%).
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