Lenders › Nicolet National Bank
7(a) lenderGreen Bay, WisconsinFDIC-insured bank85th of 2,184 by approvals
Nicolet 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.
In FY2021 to FY2025 SBA approved 455 7(a) loans, worth $270M, through Nicolet National Bank of Green Bay, Wisconsin, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 85th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 79 approvals totalling $50.9M, about level with FY2024 (74). FY2026 to 30 Jun 2026 adds 34 more.
The median approval was $312K, against $190K for the 7(a) program as a whole; 30.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 9 states and territories and 92 counties, led by Wisconsin (57.4%), Iowa (11.9%) and Michigan (11.4%). The largest industry group was retail trade at 19.6% of approvals, and 11.6% of approvals were to franchise businesses.
Of 965 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (2.8%), 695 as paid in full and 243 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* | 34 | $13.7M | $249K | $402K | 278 |
| FY2025 | 79 | $50.9M | $417K | $644K | 691 |
| FY2024 | 74 | $33.7M | $263K | $455K | 787 |
| FY2023 | 72 | $45.2M | $255K | $627K | 1,029 |
| FY2022 | 83 | $41.2M | $321K | $497K | 929 |
| FY2021 | 147 | $98.7M | $300K | $672K | 2,373 |
| FY2020 | 104 | $49.7M | $305K | $478K | 1,069 |
| FY2019 | 91 | $41.1M | $215K | $451K | 814 |
| FY2018 | 88 | $39.4M | $264K | $448K | 903 |
| FY2017 | 88 | $34.8M | $265K | $395K | 683 |
| FY2016 | 72 | $37.1M | $242K | $516K | 722 |
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 443 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 | 1,017 | 16,853 | 639,905 |
| Cancelled or never disbursed | 52 | 1,983 | 79,313 |
| Disbursed loans | 965 | 14,870 | 560,592 |
| Paid in full | 695 | 12,167 | 435,813 |
| Charged off | 27 | 736 | 36,891 |
| Still outstanding (status exempt from disclosure) | 243 | 1,967 | 87,888 |
| Charged off, share of disbursed loans | 2.8% | 4.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.8% | 2.6% | 2.5% |
| Dollars charged off | $3.6M | $143M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 141 | 52 | 1 | 0.7% | 2.8% |
| FY2020 | 98 | 57 | 2 | 2.0% | 4.0% |
| FY2019 | 87 | 56 | 4 | 4.6% | 6.7% |
| FY2018 | 85 | 57 | 3 | 3.5% | 7.9% |
| FY2017 | 86 | 59 | 0 | 0.0% | 7.7% |
| FY2016 | 70 | 60 | 3 | 4.3% | 7.2% |
| FY2015 | 88 | 78 | 2 | 2.3% | 6.9% |
| FY2014 | 61 | 53 | 2 | 3.3% | 6.4% |
| FY2013 | 68 | 59 | 3 | 4.4% | 6.0% |
| FY2012 | 56 | 51 | 2 | 3.6% | 6.3% |
| FY2011 | 71 | 62 | 3 | 4.2% | 6.9% |
| FY2010 | 54 | 51 | 2 | 3.7% | 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 | $312K | $190K |
| Average approval | $593K | $518K |
| Approvals of $150,000 or less | 30.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 36.3% | 34.3% |
| Approvals to franchise businesses | 11.6% | 11.5% |
| Jobs supported per approval, as reported | 12.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.8% | 6.6% |
States served
| # | State of the business (9 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wisconsin | 261 | $138M | 57.4% | |
| 2 | Iowa | 54 | $17.3M | 11.9% | |
| 3 | Michigan | 52 | $40.4M | 11.4% | |
| 4 | Minnesota | 43 | $29.6M | 9.5% | |
| 5 | Colorado | 38 | $38.4M | 8.4% | |
| 6 | Illinois | 3 | $2.5M | 0.7% | |
| 7 | Missouri | 2 | — | 0.4% | |
| 8 | Florida | 1 | — | 0.2% | |
| 9 | Utah | 1 | — | 0.2% |
In Wisconsin the lender accounts for 4.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (92 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Brown County, WI | 38 | $19.1M | 8.4% | |
| 2 | Outagamie County, WI | 32 | $22.7M | 7.0% | |
| 3 | Manitowoc County, WI | 31 | $17.9M | 6.8% | |
| 4 | Winnebago County, WI | 26 | $9.9M | 5.7% | |
| 5 | Johnson County, IA | 16 | $2.8M | 3.5% | |
| 6 | Door County, WI | 16 | $2.8M | 3.5% | |
| 7 | Polk County, WI | 15 | $6.2M | 3.3% | |
| 8 | Marquette County, MI | 14 | $8.7M | 3.1% | |
| 9 | Marathon County, WI | 13 | $4.5M | 2.9% | |
| 10 | Dubuque County, IA | 13 | $2.9M | 2.9% | |
| 11 | Hennepin County, MN | 12 | $12.4M | 2.6% | |
| 12 | Denver County, CO | 9 | $12.1M | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 89 | 19.6% | |
| 2 | Accommodation and Food Services | 69 | 15.2% | |
| 3 | Manufacturing | 67 | 14.7% | |
| 4 | Other Services (except Public Administration) | 43 | 9.5% | |
| 5 | Construction | 36 | 7.9% | |
| 6 | Wholesale Trade | 26 | 5.7% | |
| 7 | Health Care and Social Assistance | 26 | 5.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 25 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 43 | 9.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 20 | 4.4% | |
| 3 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 18 | 4.0% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 16 | 3.5% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 15 | 3.3% | |
| 6 | Building Material and Supplies DealersNAICS 4441 | 15 | 3.3% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 14 | 3.1% | |
| 8 | Personal Care ServicesNAICS 8121 | 13 | 2.9% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 2.9% | |
| 10 | Grocery StoresNAICS 4451 | 11 | 2.4% |
Approval sizes
- $50,000 or less11.6%53
- $50,001 to $150,00018.5%84
- $150,001 to $350,00024.4%111
- $350,001 to $1 million29.5%134
- $1 million to $2 million10.5%48
- Over $2 million5.5%25
Loan terms
- 5 years or less3.1%14
- Over 5 to 10 years67.7%308
- Over 10 to 20 years17.4%79
- Over 20 years11.9%54
Age of the businesses
- Existing, more than 2 years old37.6%171
- New business, 2 years or less17.8%81
- Startup, loan funds will open the business18.5%84
- Change of ownership26.2%119
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 297 | 65.3% | |
| 2 | SBA Express Program | 102 | 22.4% | |
| 3 | 7a General | 43 | 9.5% | |
| 4 | Working Capital CAPLine | 12 | 2.6% | |
| 5 | Contract CAPLine | 1 | 0.2% |
Franchise share
53 of 455 approvals in FY2021–FY2025 (11.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ace Hardware | 8 | 1.8% | |
| 2 | Piggly Wiggly | 5 | 1.1% | |
| 3 | Firehouse Subs | 3 | 0.7% | |
| 4 | Face Foundrie | 3 | 0.7% | |
| 5 | Polaris | 2 | 0.4% | |
| 6 | Do it Best | 2 | 0.4% | |
| 7 | Restore Hyper Wellness | 2 | 0.4% | |
| 8 | Napa AutoCare Program Membership Agreement | 2 | 0.4% |
Questions and answers
How many SBA loans does Nicolet National Bank make?
SBA approved 79 7(a) loans through Nicolet National Bank in FY2025, worth $50.9M, and 455 over FY2021 to FY2025. That ranks 85th of 2,184 active 7(a) lenders by number of approvals.
How large are Nicolet National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $312K and the average $593K. The program-wide median was $190K.
What is Nicolet National Bank's charge-off rate?
Of 965 disbursed loans approved in FY2010 to FY2021, SBA records 27 as charged off (2.8%), 695 as paid in full and 243 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 Nicolet National Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (43); automotive repair and maintenance (20); drinking places (alcoholic beverages) (18); services to buildings and dwellings (16).
Where does Nicolet National Bank make SBA loans?
In 9 states and territories. Wisconsin 261, Iowa 54, Michigan 52, Minnesota 43, Colorado 38. In Wisconsin it accounts for 4.8% of all 7(a) approvals.
Is Nicolet National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 225, against 334 in the three before: falling (-33%).
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