FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Wisconsin, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 1,146 loans in Wisconsin: 964 under 7(a) and 182 under 504, worth $655M.
That is down 11% on FY2022, when there were 1,293 approvals worth $787M.
Wisconsin accounted for 1.8% of the 63,286 approvals nationwide that year. 155 lenders had at least one approval in the state; WBD, Inc. had the most, 152.
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 FY2023, of 155 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 152 | $139M | 13.3% | 297 | -145 |
| 2 | U.S. Bank, National Association | 7(a) | 70 | $10.7M | 6.1% | 65 | +5 |
| 3 | The Huntington National Bank | 7(a) | 60 | $15.2M | 5.2% | 37 | +23 |
| 4 | Hiawatha National Bank | 7(a) | 45 | $18.8M | 3.9% | 46 | -1 |
| 5 | Bank First, N.A. | 7(a) | 39 | $13.7M | 3.4% | 34 | +5 |
| 6 | Nicolet National Bank | 7(a) | 38 | $27.2M | 3.3% | 49 | -11 |
| 7 | Wisconsin Women's Business Initiative Corporation | 7(a) | 37 | $5.9M | 3.2% | 24 | +13 |
| 8 | Old National Bank | 7(a) | 36 | $33.8M | 3.1% | 22 | +14 |
| 9 | Summit CU | 7(a) | 34 | $7.4M | 3.0% | 40 | -6 |
| 10 | Community State Bank | 7(a) | 28 | $5.6M | 2.4% | 25 | +3 |
| 11 | CCFBank National Association | 7(a) | 27 | $18.9M | 2.4% | 40 | -13 |
| 12 | Associated Bank National Association | 7(a) | 26 | $13.8M | 2.3% | 31 | -5 |
| 13 | Byline Bank | 7(a) | 24 | $28.1M | 2.1% | 27 | -3 |
| 14 | Waukesha State Bank | 7(a) | 23 | $16.8M | 2.0% | 32 | -9 |
| 15 | Fortifi Bank | 7(a) | 23 | $6.4M | 2.0% | 20 | +3 |
| 16 | BayFirst National Bank | 7(a) | 20 | $4.5M | 1.7% | 6 | +14 |
| 17 | Bank Five Nine | 7(a) | 18 | $10.2M | 1.6% | 20 | -2 |
| 18 | Racine County Economic Development Corporation | 504 | 17 | $18.5M | 1.5% | 24 | -7 |
| 19 | American National Bank-Fox Cities | 7(a) | 14 | $2.2M | 1.2% | 8 | +6 |
| 20 | Newtek Bank, National Association | 7(a) | 13 | $2.4M | 1.1% | 0 | new |
| 21 | IncredibleBank | 7(a) | 12 | $12.3M | 1.0% | 11 | +1 |
| 22 | Celtic Bank Corporation | 7(a) | 12 | $8.1M | 1.0% | 11 | +1 |
| 23 | Forward Bank | 7(a) | 12 | $2.1M | 1.0% | 17 | -5 |
| 24 | Town Bank, National Association | 7(a) | 10 | $4.5M | 0.9% | 3 | +7 |
| 25 | JPMorgan Chase Bank, National Association | 7(a) | 10 | $1.4M | 0.9% | 6 | +4 |
| 26 | Live Oak Banking Company | 7(a) | 9 | $18.4M | 0.8% | 10 | -1 |
| 27 | United Midwest Savings Bank National Association | 7(a) | 9 | $1.4M | 0.8% | 5 | +4 |
| 28 | Wells Fargo Bank National Association | 7(a) | 9 | $351K | 0.8% | 13 | -4 |
| 29 | Ixonia Bank | 7(a) | 8 | $8.1M | 0.7% | 6 | +2 |
| 30 | Fox Communities CU | 7(a) | 8 | $957K | 0.7% | 9 | -1 |
| 31 | First Internet Bank of Indiana | 7(a) | 7 | $8.8M | 0.6% | 4 | +3 |
| 32 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $4.9M | 0.6% | 9 | -2 |
| 33 | Readycap Lending, LLC | 7(a) | 7 | $3.2M | 0.6% | 6 | +1 |
| 34 | Lake Ridge Bank | 7(a) | 7 | $2.6M | 0.6% | 24 | -17 |
| 35 | One Community Bank | 7(a) | 7 | $2.2M | 0.6% | 12 | -5 |
| 36 | Security Financial Bank | 7(a) | 7 | $1.4M | 0.6% | 4 | +3 |
| 37 | BMO Bank National Association | 7(a) | 6 | $2.5M | 0.5% | 7 | -1 |
| 38 | Citizens State Bank | 7(a) | 6 | $1.8M | 0.5% | 7 | -1 |
| 39 | Bank of Luxemburg | 7(a) | 6 | $1.7M | 0.5% | 1 | +5 |
| 40 | Cleveland State Bank | 7(a) | 6 | $1.4M | 0.5% | 6 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 163 | $76.7M | 14.2% | 153 | +10 |
| 2 | Waukesha County | 124 | $94.7M | 10.8% | 118 | +6 |
| 3 | Dane County | 88 | $60.9M | 7.7% | 152 | -64 |
| 4 | Brown County | 69 | $29.6M | 6.0% | 62 | +7 |
| 5 | Outagamie County | 48 | $26.2M | 4.2% | 60 | -12 |
| 6 | Racine County | 47 | $15.4M | 4.1% | 48 | -1 |
| 7 | St. Croix County | 38 | $21.9M | 3.3% | 36 | +2 |
| 8 | Sheboygan County | 38 | $15.5M | 3.3% | 37 | +1 |
| 9 | Ozaukee County | 37 | $27.7M | 3.2% | 17 | +20 |
| 10 | Kenosha County | 32 | $20.2M | 2.8% | 31 | +1 |
| 11 | Winnebago County | 30 | $14.0M | 2.6% | 42 | -12 |
| 12 | La Crosse County | 29 | $10.0M | 2.5% | 32 | -3 |
| 13 | Eau Claire County | 27 | $15.5M | 2.4% | 33 | -6 |
| 14 | Washington County | 25 | $13.3M | 2.2% | 27 | -2 |
| 15 | Marathon County | 23 | $14.9M | 2.0% | 35 | -12 |
| 16 | Walworth County | 22 | $10.6M | 1.9% | 28 | -6 |
| 17 | Fond du Lac County | 19 | $17.6M | 1.7% | 20 | -1 |
| 18 | Barron County | 18 | $7.4M | 1.6% | 14 | +4 |
| 19 | Manitowoc County | 17 | $9.5M | 1.5% | 14 | +3 |
| 20 | Rock County | 17 | $19.0M | 1.5% | 15 | +2 |
| 21 | Chippewa County | 16 | $7.6M | 1.4% | 14 | +2 |
| 22 | Polk County | 13 | $4.8M | 1.1% | 21 | -8 |
| 23 | Pierce County | 12 | $5.8M | 1.0% | 13 | -1 |
| 24 | Vilas County | 10 | $15.2M | 0.9% | 6 | +4 |
| 25 | Portage County | 9 | $2.3M | 0.8% | 9 | 0 |
| 26 | Door County | 8 | $1.4M | 0.7% | 14 | -6 |
| 27 | Oneida County | 8 | $5.5M | 0.7% | 8 | 0 |
| 28 | Oconto County | 8 | $4.1M | 0.7% | 1 | +7 |
| 29 | Price County | 8 | $5.0M | 0.7% | 6 | +2 |
| 30 | Monroe County | 7 | $981K | 0.6% | 7 | 0 |
| 31 | Columbia County | 7 | $6.6M | 0.6% | 18 | -11 |
| 32 | Adams County | 6 | $3.5M | 0.5% | 3 | +3 |
| 33 | Waupaca County | 6 | $3.7M | 0.5% | 8 | -2 |
| 34 | Trempealeau County | 6 | $3.5M | 0.5% | 10 | -4 |
| 35 | Clark County | 6 | $585K | 0.5% | 9 | -3 |
| 36 | Douglas County | 6 | $3.4M | 0.5% | 7 | -1 |
| 37 | Rusk County | 6 | $4.6M | 0.5% | 4 | +2 |
| 38 | Wood County | 5 | $1.9M | 0.4% | 3 | +2 |
| 39 | Dodge County | 5 | $2.5M | 0.4% | 11 | -6 |
| 40 | Marinette County | 5 | $4.0M | 0.4% | 23 | -18 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2023 against FY2022
| Wisconsin | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 964 | 958 |
| 7(a) dollars | $482M | $500M |
| Median 7(a) approval | $215K | $234K |
| 504 approvals | 182 | 335 |
| 504 dollars | $173M | $287M |
| Jobs supported, as reported | 11,827 | 14,404 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2023?
WBD, Inc. (152), U.S. Bank, National Association (70), The Huntington National Bank (60), Hiawatha National Bank (45), Bank First, N.A. (39). 155 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2023?
1,146: 964 under 7(a) worth $482M and 182 under 504 worth $173M.
Which Wisconsin counties had the most SBA approvals in FY2023?
Milwaukee County (163), Waukesha County (124), Dane County (88), Brown County (69), Outagamie County (48).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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