FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Wisconsin, FY2020
That fiscal year's approvals by lender and by county.
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 1,223 loans in Wisconsin: 972 under 7(a) and 251 under 504, worth $664M.
That is about level with FY2019, when there were 1,249 approvals worth $562M.
Wisconsin accounted for 2.5% of the 49,417 approvals nationwide that year. 140 lenders had at least one approval in the state; WBD, Inc. had the most, 220.
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.
Approvals by lender
The 40 lenders with the most approvals to Wisconsin businesses in FY2020, of 140 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 220 | $183M | 18.0% | 155 | +65 |
| 2 | U.S. Bank, National Association | 7(a) | 97 | $13.6M | 7.9% | 75 | +22 |
| 3 | Nicolet National Bank | 7(a) | 63 | $29.0M | 5.2% | 45 | +18 |
| 4 | Byline Bank | 7(a) | 53 | $55.7M | 4.3% | 75 | -22 |
| 5 | Bank First, N.A. | 7(a) | 50 | $30.4M | 4.1% | 16 | +34 |
| 6 | Summit CU | 7(a) | 42 | $11.3M | 3.4% | 86 | -44 |
| 7 | Waukesha State Bank | 7(a) | 37 | $15.6M | 3.0% | 35 | +2 |
| 8 | Bank Five Nine | 7(a) | 34 | $12.7M | 2.8% | 34 | 0 |
| 9 | Security Financial Bank | 7(a) | 34 | $9.5M | 2.8% | 4 | +30 |
| 10 | Racine County Economic Development Corporation | 504 | 21 | $17.6M | 1.7% | 10 | +11 |
| 11 | Lake Ridge Bank | 7(a) | 21 | $4.1M | 1.7% | 23 | -2 |
| 12 | Associated Bank National Association | 7(a) | 21 | $3.6M | 1.7% | 51 | -30 |
| 13 | Oostburg State Bank | 7(a) | 20 | $11.8M | 1.6% | 4 | +16 |
| 14 | Hiawatha National Bank | 7(a) | 18 | $5.8M | 1.5% | 12 | +6 |
| 15 | Live Oak Banking Company | 7(a) | 17 | $16.4M | 1.4% | 9 | +8 |
| 16 | The Huntington National Bank | 7(a) | 17 | $6.2M | 1.4% | 80 | -63 |
| 17 | Community State Bank | 7(a) | 17 | $5.4M | 1.4% | 23 | -6 |
| 18 | Citizens State Bank of La Crosse | 7(a) | 15 | $1.3M | 1.2% | 5 | +10 |
| 19 | Wells Fargo Bank National Association | 7(a) | 14 | $3.6M | 1.1% | 18 | -4 |
| 20 | CCFBank National Association | 7(a) | 13 | $7.3M | 1.1% | 8 | +5 |
| 21 | United Midwest Savings Bank National Association | 7(a) | 13 | $4.5M | 1.1% | 8 | +5 |
| 22 | Forward Bank | 7(a) | 12 | $3.1M | 1.0% | 12 | 0 |
| 23 | IncredibleBank | 7(a) | 11 | $9.7M | 0.9% | 23 | -12 |
| 24 | Newtek Small Business Finance, Inc. | 7(a) | 11 | $8.4M | 0.9% | 10 | +1 |
| 25 | Town Bank, National Association | 7(a) | 11 | $3.6M | 0.9% | 1 | +10 |
| 26 | Wisconsin Women's Business Initiative Corporation | 7(a) | 11 | $1.8M | 0.9% | 32 | -21 |
| 27 | BMO Bank National Association | 7(a) | 10 | $6.7M | 0.8% | 14 | -4 |
| 28 | Fortifi Bank | 7(a) | 10 | $5.1M | 0.8% | 7 | +3 |
| 29 | Citizens Bank | 7(a) | 10 | $1.1M | 0.8% | 9 | +1 |
| 30 | National Exchange Bank and Trust | 7(a) | 9 | $2.9M | 0.7% | 6 | +3 |
| 31 | Fox Communities CU | 7(a) | 9 | $1.1M | 0.7% | 10 | -1 |
| 32 | Northeast Entrepreneur Fund, Inc. | 7(a) | 9 | $708K | 0.7% | 10 | -1 |
| 33 | American National Bank-Fox Cities | 7(a) | 8 | $2.6M | 0.7% | 10 | -2 |
| 34 | Celtic Bank Corporation | 7(a) | 7 | $8.5M | 0.6% | 7 | 0 |
| 35 | North State Bank | 7(a) | 7 | $3.9M | 0.6% | 1 | +6 |
| 36 | Ixonia Bank | 7(a) | 7 | $3.1M | 0.6% | 4 | +3 |
| 37 | First American Bank | 7(a) | 7 | $2.9M | 0.6% | 0 | new |
| 38 | Cleveland State Bank | 7(a) | 7 | $1.7M | 0.6% | 3 | +4 |
| 39 | BayFirst National Bank | 7(a) | 7 | $1.6M | 0.6% | 14 | -7 |
| 40 | Stearns Bank National Association | 7(a) | 7 | $1.3M | 0.6% | 9 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 160 | $94.3M | 13.1% | 158 | +2 |
| 2 | Dane County | 136 | $88.3M | 11.1% | 177 | -41 |
| 3 | Waukesha County | 133 | $68.1M | 10.9% | 170 | -37 |
| 4 | Racine County | 51 | $23.0M | 4.2% | 46 | +5 |
| 5 | Outagamie County | 50 | $18.7M | 4.1% | 48 | +2 |
| 6 | Brown County | 48 | $29.7M | 3.9% | 53 | -5 |
| 7 | Sheboygan County | 42 | $33.8M | 3.4% | 30 | +12 |
| 8 | St. Croix County | 39 | $24.5M | 3.2% | 37 | +2 |
| 9 | Winnebago County | 39 | $18.6M | 3.2% | 45 | -6 |
| 10 | La Crosse County | 37 | $14.5M | 3.0% | 37 | 0 |
| 11 | Kenosha County | 34 | $23.2M | 2.8% | 26 | +8 |
| 12 | Washington County | 29 | $13.0M | 2.4% | 36 | -7 |
| 13 | Manitowoc County | 24 | $10.3M | 2.0% | 17 | +7 |
| 14 | Ozaukee County | 23 | $15.2M | 1.9% | 20 | +3 |
| 15 | Eau Claire County | 23 | $11.6M | 1.9% | 20 | +3 |
| 16 | Marathon County | 23 | $12.7M | 1.9% | 24 | -1 |
| 17 | Fond du Lac County | 21 | $13.8M | 1.7% | 16 | +5 |
| 18 | Walworth County | 20 | $11.6M | 1.6% | 24 | -4 |
| 19 | Rock County | 16 | $10.7M | 1.3% | 15 | +1 |
| 20 | Chippewa County | 16 | $5.8M | 1.3% | 12 | +4 |
| 21 | Door County | 15 | $7.1M | 1.2% | 8 | +7 |
| 22 | Jefferson County | 13 | $11.0M | 1.1% | 17 | -4 |
| 23 | Wood County | 12 | $7.5M | 1.0% | 11 | +1 |
| 24 | Dodge County | 12 | $11.9M | 1.0% | 6 | +6 |
| 25 | Columbia County | 12 | $9.9M | 1.0% | 7 | +5 |
| 26 | Douglas County | 12 | $1.8M | 1.0% | 15 | -3 |
| 27 | Pierce County | 11 | $5.4M | 0.9% | 6 | +5 |
| 28 | Barron County | 9 | $1.5M | 0.7% | 3 | +6 |
| 29 | Portage County | 9 | $3.3M | 0.7% | 12 | -3 |
| 30 | Polk County | 9 | $2.7M | 0.7% | 15 | -6 |
| 31 | Calumet County | 9 | $8.1M | 0.7% | 0 | new |
| 32 | Juneau County | 8 | $3.1M | 0.7% | 2 | +6 |
| 33 | Sawyer County | 8 | $2.3M | 0.7% | 6 | +2 |
| 34 | Monroe County | 8 | $2.1M | 0.7% | 10 | -2 |
| 35 | Dunn County | 7 | $2.2M | 0.6% | 9 | -2 |
| 36 | Sauk County | 7 | $4.3M | 0.6% | 8 | -1 |
| 37 | Taylor County | 7 | $1.5M | 0.6% | 2 | +5 |
| 38 | Price County | 7 | $2.7M | 0.6% | 1 | +6 |
| 39 | Marinette County | 6 | $800K | 0.5% | 7 | -1 |
| 40 | Vilas County | 6 | $2.2M | 0.5% | 8 | -2 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2020 against FY2019
| Wisconsin | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 972 | 1,074 |
| 7(a) dollars | $459M | $426M |
| Median 7(a) approval | $200K | $150K |
| 504 approvals | 251 | 175 |
| 504 dollars | $206M | $136M |
| Jobs supported, as reported | 12,809 | 13,131 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2020?
WBD, Inc. (220), U.S. Bank, National Association (97), Nicolet National Bank (63), Byline Bank (53), Bank First, N.A. (50). 140 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2020?
1,223: 972 under 7(a) worth $459M and 251 under 504 worth $206M.
Which Wisconsin counties had the most SBA approvals in FY2020?
Milwaukee County (160), Dane County (136), Waukesha County (133), Racine County (51), Outagamie County (50).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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