FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Wisconsin, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 1,293 loans in Wisconsin: 958 under 7(a) and 335 under 504, worth $787M.
That is down 22% on FY2021, when there were 1,667 approvals worth $1.07bn.
Wisconsin accounted for 2.3% of the 56,932 approvals nationwide that year. 131 lenders had at least one approval in the state; WBD, Inc. had the most, 297.
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 FY2022, of 131 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 297 | $255M | 23.0% | 294 | +3 |
| 2 | U.S. Bank, National Association | 7(a) | 65 | $7.2M | 5.0% | 75 | -10 |
| 3 | Nicolet National Bank | 7(a) | 49 | $18.3M | 3.8% | 101 | -52 |
| 4 | Hiawatha National Bank | 7(a) | 46 | $20.3M | 3.6% | 54 | -8 |
| 5 | CCFBank National Association | 7(a) | 40 | $16.4M | 3.1% | 53 | -13 |
| 6 | Summit CU | 7(a) | 40 | $10.3M | 3.1% | 67 | -27 |
| 7 | The Huntington National Bank | 7(a) | 37 | $15.7M | 2.9% | 33 | +4 |
| 8 | Bank First, N.A. | 7(a) | 34 | $22.5M | 2.6% | 92 | -58 |
| 9 | Waukesha State Bank | 7(a) | 32 | $24.2M | 2.5% | 44 | -12 |
| 10 | Associated Bank National Association | 7(a) | 31 | $13.5M | 2.4% | 29 | +2 |
| 11 | Byline Bank | 7(a) | 27 | $33.7M | 2.1% | 51 | -24 |
| 12 | Community State Bank | 7(a) | 25 | $8.6M | 1.9% | 64 | -39 |
| 13 | Racine County Economic Development Corporation | 504 | 24 | $18.5M | 1.9% | 36 | -12 |
| 14 | Lake Ridge Bank | 7(a) | 24 | $8.1M | 1.9% | 21 | +3 |
| 15 | Wisconsin Women's Business Initiative Corporation | 7(a) | 24 | $3.8M | 1.9% | 26 | -2 |
| 16 | Old National Bank | 7(a) | 22 | $24.4M | 1.7% | 12 | +10 |
| 17 | Bank Five Nine | 7(a) | 20 | $12.3M | 1.5% | 51 | -31 |
| 18 | Fortifi Bank | 7(a) | 20 | $6.6M | 1.5% | 5 | +15 |
| 19 | Forward Bank | 7(a) | 17 | $2.8M | 1.3% | 4 | +13 |
| 20 | The Stephenson National Bank and Trust | 7(a) | 16 | $11.3M | 1.2% | 16 | 0 |
| 21 | Wells Fargo Bank National Association | 7(a) | 13 | $4.5M | 1.0% | 18 | -5 |
| 22 | One Community Bank | 7(a) | 12 | $4.0M | 0.9% | 8 | +4 |
| 23 | IncredibleBank | 7(a) | 11 | $9.6M | 0.9% | 13 | -2 |
| 24 | National Exchange Bank and Trust | 7(a) | 11 | $8.5M | 0.9% | 7 | +4 |
| 25 | Celtic Bank Corporation | 7(a) | 11 | $4.0M | 0.9% | 13 | -2 |
| 26 | Oak Bank | 7(a) | 11 | $3.0M | 0.9% | 7 | +4 |
| 27 | Live Oak Banking Company | 7(a) | 10 | $15.8M | 0.8% | 27 | -17 |
| 28 | Oostburg State Bank | 7(a) | 10 | $3.8M | 0.8% | 20 | -10 |
| 29 | Newtek Small Business Finance, Inc. | 7(a) | 9 | $6.1M | 0.7% | 7 | +2 |
| 30 | Peoples State Bank | 7(a) | 9 | $1.8M | 0.7% | 6 | +3 |
| 31 | Citizens Bank | 7(a) | 9 | $1.6M | 0.7% | 7 | +2 |
| 32 | Fox Communities CU | 7(a) | 9 | $1.0M | 0.7% | 8 | +1 |
| 33 | Frandsen Bank and Trust | 7(a) | 8 | $4.0M | 0.6% | 1 | +7 |
| 34 | American National Bank-Fox Cities | 7(a) | 8 | $3.5M | 0.6% | 13 | -5 |
| 35 | Citizens State Bank of La Crosse | 7(a) | 8 | $3.1M | 0.6% | 4 | +4 |
| 36 | Coulee Bank | 7(a) | 7 | $6.3M | 0.5% | 4 | +3 |
| 37 | BMO Bank National Association | 7(a) | 7 | $4.5M | 0.5% | 16 | -9 |
| 38 | The Park Bank | 7(a) | 7 | $2.3M | 0.5% | 5 | +2 |
| 39 | Citizens State Bank | 7(a) | 7 | $1.4M | 0.5% | 2 | +5 |
| 40 | Readycap Lending, LLC | 7(a) | 6 | $4.3M | 0.5% | 2 | +4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 153 | $96.5M | 11.8% | 204 | -51 |
| 2 | Dane County | 152 | $94.3M | 11.8% | 153 | -1 |
| 3 | Waukesha County | 118 | $79.2M | 9.1% | 182 | -64 |
| 4 | Brown County | 62 | $36.7M | 4.8% | 79 | -17 |
| 5 | Outagamie County | 60 | $32.8M | 4.6% | 79 | -19 |
| 6 | Racine County | 48 | $20.0M | 3.7% | 78 | -30 |
| 7 | Winnebago County | 42 | $24.1M | 3.2% | 51 | -9 |
| 8 | Sheboygan County | 37 | $18.1M | 2.9% | 61 | -24 |
| 9 | St. Croix County | 36 | $13.2M | 2.8% | 56 | -20 |
| 10 | Marathon County | 35 | $23.4M | 2.7% | 35 | 0 |
| 11 | Eau Claire County | 33 | $19.2M | 2.6% | 28 | +5 |
| 12 | La Crosse County | 32 | $18.3M | 2.5% | 36 | -4 |
| 13 | Kenosha County | 31 | $28.3M | 2.4% | 37 | -6 |
| 14 | Walworth County | 28 | $20.0M | 2.2% | 40 | -12 |
| 15 | Washington County | 27 | $20.3M | 2.1% | 36 | -9 |
| 16 | Marinette County | 23 | $10.3M | 1.8% | 18 | +5 |
| 17 | Polk County | 21 | $14.1M | 1.6% | 23 | -2 |
| 18 | Fond du Lac County | 20 | $19.3M | 1.5% | 33 | -13 |
| 19 | Columbia County | 18 | $10.9M | 1.4% | 24 | -6 |
| 20 | Ozaukee County | 17 | $13.7M | 1.3% | 30 | -13 |
| 21 | Rock County | 15 | $21.8M | 1.2% | 15 | 0 |
| 22 | Manitowoc County | 14 | $8.1M | 1.1% | 36 | -22 |
| 23 | Chippewa County | 14 | $6.9M | 1.1% | 18 | -4 |
| 24 | Barron County | 14 | $9.7M | 1.1% | 9 | +5 |
| 25 | Door County | 14 | $7.5M | 1.1% | 9 | +5 |
| 26 | Pierce County | 13 | $6.8M | 1.0% | 9 | +4 |
| 27 | Jefferson County | 12 | $4.7M | 0.9% | 18 | -6 |
| 28 | Dodge County | 11 | $7.2M | 0.9% | 12 | -1 |
| 29 | Juneau County | 10 | $5.9M | 0.8% | 12 | -2 |
| 30 | Sawyer County | 10 | $4.3M | 0.8% | 11 | -1 |
| 31 | Trempealeau County | 10 | $1.2M | 0.8% | 14 | -4 |
| 32 | Portage County | 9 | $8.1M | 0.7% | 17 | -8 |
| 33 | Clark County | 9 | $4.8M | 0.7% | 2 | +7 |
| 34 | Waupaca County | 8 | $2.4M | 0.6% | 4 | +4 |
| 35 | Dunn County | 8 | $10.4M | 0.6% | 13 | -5 |
| 36 | Oneida County | 8 | $4.2M | 0.6% | 9 | -1 |
| 37 | Monroe County | 7 | $1.1M | 0.5% | 10 | -3 |
| 38 | Douglas County | 7 | $4.0M | 0.5% | 8 | -1 |
| 39 | Langlade County | 6 | $3.0M | 0.5% | 3 | +3 |
| 40 | Vilas County | 6 | $5.4M | 0.5% | 11 | -5 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2022 against FY2021
| Wisconsin | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 958 | 1,326 |
| 7(a) dollars | $500M | $775M |
| Median 7(a) approval | $234K | $283K |
| 504 approvals | 335 | 341 |
| 504 dollars | $287M | $298M |
| Jobs supported, as reported | 14,404 | 19,927 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2022?
WBD, Inc. (297), U.S. Bank, National Association (65), Nicolet National Bank (49), Hiawatha National Bank (46), CCFBank National Association (40). 131 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2022?
1,293: 958 under 7(a) worth $500M and 335 under 504 worth $287M.
Which Wisconsin counties had the most SBA approvals in FY2022?
Milwaukee County (153), Dane County (152), Waukesha County (118), Brown County (62), Outagamie County (60).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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