FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Wisconsin, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,667 loans in Wisconsin: 1,326 under 7(a) and 341 under 504, worth $1.07bn.
That is up 36% on FY2020, when there were 1,223 approvals worth $664M.
Wisconsin accounted for 2.7% of the 61,532 approvals nationwide that year. 168 lenders had at least one approval in the state; WBD, Inc. had the most, 294.
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 FY2021, of 168 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 294 | $257M | 17.6% | 220 | +74 |
| 2 | Nicolet National Bank | 7(a) | 101 | $59.9M | 6.1% | 63 | +38 |
| 3 | Bank First, N.A. | 7(a) | 92 | $54.3M | 5.5% | 50 | +42 |
| 4 | U.S. Bank, National Association | 7(a) | 75 | $10.8M | 4.5% | 97 | -22 |
| 5 | Summit CU | 7(a) | 67 | $17.8M | 4.0% | 42 | +25 |
| 6 | Community State Bank | 7(a) | 64 | $19.7M | 3.8% | 17 | +47 |
| 7 | Hiawatha National Bank | 7(a) | 54 | $24.4M | 3.2% | 18 | +36 |
| 8 | CCFBank National Association | 7(a) | 53 | $40.9M | 3.2% | 13 | +40 |
| 9 | Byline Bank | 7(a) | 51 | $57.6M | 3.1% | 53 | -2 |
| 10 | Bank Five Nine | 7(a) | 51 | $37.3M | 3.1% | 34 | +17 |
| 11 | Waukesha State Bank | 7(a) | 44 | $28.4M | 2.6% | 37 | +7 |
| 12 | Racine County Economic Development Corporation | 504 | 36 | $30.0M | 2.2% | 21 | +15 |
| 13 | The Huntington National Bank | 7(a) | 33 | $11.8M | 2.0% | 17 | +16 |
| 14 | Associated Bank National Association | 7(a) | 29 | $15.3M | 1.7% | 21 | +8 |
| 15 | Live Oak Banking Company | 7(a) | 27 | $42.4M | 1.6% | 17 | +10 |
| 16 | Wisconsin Women's Business Initiative Corporation | 7(a) | 26 | $4.5M | 1.6% | 11 | +15 |
| 17 | Security Financial Bank | 7(a) | 22 | $8.7M | 1.3% | 34 | -12 |
| 18 | Lake Ridge Bank | 7(a) | 21 | $7.7M | 1.3% | 21 | 0 |
| 19 | Oostburg State Bank | 7(a) | 20 | $12.0M | 1.2% | 20 | 0 |
| 20 | Wells Fargo Bank National Association | 7(a) | 18 | $7.5M | 1.1% | 14 | +4 |
| 21 | The Stephenson National Bank and Trust | 7(a) | 16 | $8.1M | 1.0% | 5 | +11 |
| 22 | BMO Bank National Association | 7(a) | 16 | $7.1M | 1.0% | 10 | +6 |
| 23 | The Bank of Kaukauna | 7(a) | 15 | $4.5M | 0.9% | 5 | +10 |
| 24 | United Midwest Savings Bank National Association | 7(a) | 15 | $4.1M | 0.9% | 13 | +2 |
| 25 | Celtic Bank Corporation | 7(a) | 13 | $15.4M | 0.8% | 7 | +6 |
| 26 | IncredibleBank | 7(a) | 13 | $10.7M | 0.8% | 11 | +2 |
| 27 | American National Bank-Fox Cities | 7(a) | 13 | $2.3M | 0.8% | 8 | +5 |
| 28 | Old National Bank | 7(a) | 12 | $13.5M | 0.7% | 6 | +6 |
| 29 | Cleveland State Bank | 7(a) | 11 | $3.3M | 0.7% | 7 | +4 |
| 30 | One Community Bank | 7(a) | 8 | $4.9M | 0.5% | 4 | +4 |
| 31 | PyraMax Bank FSB | 7(a) | 8 | $3.1M | 0.5% | 3 | +5 |
| 32 | Fox Communities CU | 7(a) | 8 | $1.6M | 0.5% | 9 | -1 |
| 33 | Oak Bank | 7(a) | 7 | $5.5M | 0.4% | 4 | +3 |
| 34 | BankVista | 7(a) | 7 | $5.2M | 0.4% | 2 | +5 |
| 35 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $4.3M | 0.4% | 11 | -4 |
| 36 | National Exchange Bank and Trust | 7(a) | 7 | $3.2M | 0.4% | 9 | -2 |
| 37 | Town Bank, National Association | 7(a) | 7 | $2.8M | 0.4% | 11 | -4 |
| 38 | Citizens Bank | 7(a) | 7 | $1.4M | 0.4% | 10 | -3 |
| 39 | Northeast Entrepreneur Fund, Inc. | 7(a) | 7 | $510K | 0.4% | 9 | -2 |
| 40 | GBank | 7(a) | 6 | $11.8M | 0.4% | 4 | +2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 204 | $129M | 12.2% | 160 | +44 |
| 2 | Waukesha County | 182 | $116M | 10.9% | 133 | +49 |
| 3 | Dane County | 153 | $94.8M | 9.2% | 136 | +17 |
| 4 | Brown County | 79 | $52.9M | 4.7% | 48 | +31 |
| 5 | Outagamie County | 79 | $49.2M | 4.7% | 50 | +29 |
| 6 | Racine County | 78 | $47.0M | 4.7% | 51 | +27 |
| 7 | Sheboygan County | 61 | $36.0M | 3.7% | 42 | +19 |
| 8 | St. Croix County | 56 | $28.8M | 3.4% | 39 | +17 |
| 9 | Winnebago County | 51 | $27.4M | 3.1% | 39 | +12 |
| 10 | Walworth County | 40 | $19.5M | 2.4% | 20 | +20 |
| 11 | Kenosha County | 37 | $22.7M | 2.2% | 34 | +3 |
| 12 | Manitowoc County | 36 | $25.5M | 2.2% | 24 | +12 |
| 13 | La Crosse County | 36 | $30.7M | 2.2% | 37 | -1 |
| 14 | Washington County | 36 | $26.1M | 2.2% | 29 | +7 |
| 15 | Marathon County | 35 | $22.9M | 2.1% | 23 | +12 |
| 16 | Fond du Lac County | 33 | $21.2M | 2.0% | 21 | +12 |
| 17 | Ozaukee County | 30 | $25.1M | 1.8% | 23 | +7 |
| 18 | Eau Claire County | 28 | $27.7M | 1.7% | 23 | +5 |
| 19 | Columbia County | 24 | $14.6M | 1.4% | 12 | +12 |
| 20 | Polk County | 23 | $11.1M | 1.4% | 9 | +14 |
| 21 | Jefferson County | 18 | $13.2M | 1.1% | 13 | +5 |
| 22 | Chippewa County | 18 | $11.5M | 1.1% | 16 | +2 |
| 23 | Marinette County | 18 | $14.0M | 1.1% | 6 | +12 |
| 24 | Portage County | 17 | $14.5M | 1.0% | 9 | +8 |
| 25 | Rock County | 15 | $8.4M | 0.9% | 16 | -1 |
| 26 | Trempealeau County | 14 | $6.4M | 0.8% | 2 | +12 |
| 27 | Dunn County | 13 | $8.5M | 0.8% | 7 | +6 |
| 28 | Dodge County | 12 | $8.6M | 0.7% | 12 | 0 |
| 29 | Juneau County | 12 | $8.7M | 0.7% | 8 | +4 |
| 30 | Kewaunee County | 12 | $14.5M | 0.7% | 0 | new |
| 31 | Calumet County | 12 | $6.6M | 0.7% | 9 | +3 |
| 32 | Sawyer County | 11 | $8.0M | 0.7% | 8 | +3 |
| 33 | Vilas County | 11 | $3.9M | 0.7% | 6 | +5 |
| 34 | Monroe County | 10 | $3.2M | 0.6% | 8 | +2 |
| 35 | Pierce County | 9 | $8.8M | 0.5% | 11 | -2 |
| 36 | Barron County | 9 | $12.2M | 0.5% | 9 | 0 |
| 37 | Door County | 9 | $2.5M | 0.5% | 15 | -6 |
| 38 | Oneida County | 9 | $6.6M | 0.5% | 2 | +7 |
| 39 | Sauk County | 9 | $3.8M | 0.5% | 7 | +2 |
| 40 | Lincoln County | 8 | $4.1M | 0.5% | 4 | +4 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2021 against FY2020
| Wisconsin | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 1,326 | 972 |
| 7(a) dollars | $775M | $459M |
| Median 7(a) approval | $283K | $200K |
| 504 approvals | 341 | 251 |
| 504 dollars | $298M | $206M |
| Jobs supported, as reported | 19,927 | 12,809 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2021?
WBD, Inc. (294), Nicolet National Bank (101), Bank First, N.A. (92), U.S. Bank, National Association (75), Summit CU (67). 168 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2021?
1,667: 1,326 under 7(a) worth $775M and 341 under 504 worth $298M.
Which Wisconsin counties had the most SBA approvals in FY2021?
Milwaukee County (204), Waukesha County (182), Dane County (153), Brown County (79), Outagamie County (79).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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