FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Wisconsin, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 1,272 loans in Wisconsin: 1,099 under 7(a) and 173 under 504, worth $713M.
That is up 11% on FY2023, when there were 1,146 approvals worth $655M.
Wisconsin accounted for 1.7% of the 76,235 approvals nationwide that year. 147 lenders had at least one approval in the state; WBD, Inc. had the most, 155.
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 FY2024, of 147 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 155 | $174M | 12.2% | 152 | +3 |
| 2 | U.S. Bank, National Association | 7(a) | 117 | $22.5M | 9.2% | 70 | +47 |
| 3 | The Huntington National Bank | 7(a) | 80 | $20.6M | 6.3% | 60 | +20 |
| 4 | Old National Bank | 7(a) | 63 | $59.3M | 5.0% | 36 | +27 |
| 5 | Readycap Lending, LLC | 7(a) | 51 | $10.1M | 4.0% | 7 | +44 |
| 6 | Hiawatha National Bank | 7(a) | 49 | $12.3M | 3.9% | 45 | +4 |
| 7 | Nicolet National Bank | 7(a) | 40 | $14.1M | 3.1% | 38 | +2 |
| 8 | Wisconsin Women's Business Initiative Corporation | 7(a) | 40 | $6.6M | 3.1% | 37 | +3 |
| 9 | Bank First, N.A. | 7(a) | 36 | $10.8M | 2.8% | 39 | -3 |
| 10 | Associated Bank National Association | 7(a) | 29 | $14.9M | 2.3% | 26 | +3 |
| 11 | Newtek Bank, National Association | 7(a) | 29 | $14.0M | 2.3% | 13 | +16 |
| 12 | BayFirst National Bank | 7(a) | 29 | $3.6M | 2.3% | 20 | +9 |
| 13 | Northeast Bank | 7(a) | 26 | $2.5M | 2.0% | 5 | +21 |
| 14 | Byline Bank | 7(a) | 23 | $26.7M | 1.8% | 24 | -1 |
| 15 | CCFBank National Association | 7(a) | 21 | $19.5M | 1.7% | 27 | -6 |
| 16 | Live Oak Banking Company | 7(a) | 20 | $23.3M | 1.6% | 9 | +11 |
| 17 | Summit CU | 7(a) | 19 | $3.0M | 1.5% | 34 | -15 |
| 18 | Bank Five Nine | 7(a) | 17 | $8.0M | 1.3% | 18 | -1 |
| 19 | Town Bank, National Association | 7(a) | 16 | $10.4M | 1.3% | 10 | +6 |
| 20 | JPMorgan Chase Bank, National Association | 7(a) | 16 | $2.9M | 1.3% | 10 | +6 |
| 21 | Lake Ridge Bank | 7(a) | 16 | $2.5M | 1.3% | 7 | +9 |
| 22 | American National Bank-Fox Cities | 7(a) | 15 | $5.6M | 1.2% | 14 | +1 |
| 23 | Racine County Economic Development Corporation | 504 | 13 | $6.3M | 1.0% | 17 | -4 |
| 24 | First National Community Bank | 7(a) | 11 | $2.5M | 0.9% | 1 | +10 |
| 25 | First Bank of the Lake | 7(a) | 10 | $11.5M | 0.8% | 2 | +8 |
| 26 | Waukesha State Bank | 7(a) | 10 | $5.1M | 0.8% | 23 | -13 |
| 27 | Oostburg State Bank | 7(a) | 9 | $3.3M | 0.7% | 5 | +4 |
| 28 | Celtic Bank Corporation | 7(a) | 8 | $10.1M | 0.6% | 12 | -4 |
| 29 | Peoples State Bank | 7(a) | 8 | $6.4M | 0.6% | 5 | +3 |
| 30 | Wells Fargo Bank National Association | 7(a) | 8 | $485K | 0.6% | 9 | -1 |
| 31 | First Internet Bank of Indiana | 7(a) | 7 | $11.1M | 0.6% | 7 | 0 |
| 32 | Fortifi Bank | 7(a) | 7 | $3.8M | 0.6% | 23 | -16 |
| 33 | PyraMax Bank FSB | 7(a) | 7 | $1.6M | 0.6% | 3 | +4 |
| 34 | One Community Bank | 7(a) | 7 | $788K | 0.6% | 7 | 0 |
| 35 | CIBM Bank | 7(a) | 6 | $9.6M | 0.5% | 5 | +1 |
| 36 | Cleveland State Bank | 7(a) | 6 | $5.6M | 0.5% | 6 | 0 |
| 37 | VelocitySBA, LLC | 7(a) | 6 | $4.4M | 0.5% | 4 | +2 |
| 38 | Citizens State Bank of La Crosse | 7(a) | 6 | $1.7M | 0.5% | 6 | 0 |
| 39 | United Midwest Savings Bank National Association | 7(a) | 6 | $1.1M | 0.5% | 9 | -3 |
| 40 | Forward Bank | 7(a) | 6 | $841K | 0.5% | 12 | -6 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 194 | $101M | 15.3% | 163 | +31 |
| 2 | Waukesha County | 145 | $92.1M | 11.4% | 124 | +21 |
| 3 | Dane County | 127 | $81.6M | 10.0% | 88 | +39 |
| 4 | Brown County | 59 | $29.9M | 4.6% | 69 | -10 |
| 5 | St. Croix County | 58 | $23.0M | 4.6% | 38 | +20 |
| 6 | Outagamie County | 44 | $24.5M | 3.5% | 48 | -4 |
| 7 | Eau Claire County | 41 | $24.7M | 3.2% | 27 | +14 |
| 8 | Racine County | 41 | $12.8M | 3.2% | 47 | -6 |
| 9 | Washington County | 35 | $15.1M | 2.8% | 25 | +10 |
| 10 | La Crosse County | 32 | $27.2M | 2.5% | 29 | +3 |
| 11 | Kenosha County | 32 | $19.7M | 2.5% | 32 | 0 |
| 12 | Sheboygan County | 31 | $13.4M | 2.4% | 38 | -7 |
| 13 | Marathon County | 29 | $11.1M | 2.3% | 23 | +6 |
| 14 | Ozaukee County | 28 | $16.3M | 2.2% | 37 | -9 |
| 15 | Manitowoc County | 26 | $16.7M | 2.0% | 17 | +9 |
| 16 | Rock County | 26 | $6.7M | 2.0% | 17 | +9 |
| 17 | Winnebago County | 21 | $12.3M | 1.7% | 30 | -9 |
| 18 | Walworth County | 20 | $14.7M | 1.6% | 22 | -2 |
| 19 | Polk County | 19 | $11.9M | 1.5% | 13 | +6 |
| 20 | Jefferson County | 18 | $15.1M | 1.4% | 2 | +16 |
| 21 | Chippewa County | 15 | $9.8M | 1.2% | 16 | -1 |
| 22 | Dunn County | 11 | $6.7M | 0.9% | 5 | +6 |
| 23 | Clark County | 11 | $6.1M | 0.9% | 6 | +5 |
| 24 | Fond du Lac County | 10 | $3.7M | 0.8% | 19 | -9 |
| 25 | Sawyer County | 10 | $11.5M | 0.8% | 2 | +8 |
| 26 | Barron County | 10 | $2.2M | 0.8% | 18 | -8 |
| 27 | Oneida County | 10 | $3.0M | 0.8% | 8 | +2 |
| 28 | Waupaca County | 9 | $7.6M | 0.7% | 6 | +3 |
| 29 | Door County | 9 | $8.4M | 0.7% | 8 | +1 |
| 30 | Sauk County | 9 | $9.1M | 0.7% | 5 | +4 |
| 31 | Portage County | 8 | $1.3M | 0.6% | 9 | -1 |
| 32 | Wood County | 7 | $1.5M | 0.6% | 5 | +2 |
| 33 | Columbia County | 7 | $3.6M | 0.6% | 7 | 0 |
| 34 | Trempealeau County | 7 | $701K | 0.6% | 6 | +1 |
| 35 | Pierce County | 6 | $3.8M | 0.5% | 12 | -6 |
| 36 | Dodge County | 6 | $3.7M | 0.5% | 5 | +1 |
| 37 | Marinette County | 6 | $4.7M | 0.5% | 5 | +1 |
| 38 | Shawano County | 6 | $6.3M | 0.5% | 2 | +4 |
| 39 | Vernon County | 6 | $3.6M | 0.5% | 5 | +1 |
| 40 | Crawford County | 6 | $2.0M | 0.5% | 3 | +3 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2024 against FY2023
| Wisconsin | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 1,099 | 964 |
| 7(a) dollars | $525M | $482M |
| Median 7(a) approval | $193K | $215K |
| 504 approvals | 173 | 182 |
| 504 dollars | $188M | $173M |
| Jobs supported, as reported | 13,132 | 11,827 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2024?
WBD, Inc. (155), U.S. Bank, National Association (117), The Huntington National Bank (80), Old National Bank (63), Readycap Lending, LLC (51). 147 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2024?
1,272: 1,099 under 7(a) worth $525M and 173 under 504 worth $188M.
Which Wisconsin counties had the most SBA approvals in FY2024?
Milwaukee County (194), Waukesha County (145), Dane County (127), Brown County (59), St. Croix County (58).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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