FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Wisconsin, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,328 loans in Wisconsin: 1,128 under 7(a) and 200 under 504, worth $757M.
That is about level with FY2024, when there were 1,272 approvals worth $713M.
Wisconsin accounted for 1.6% of the 84,840 approvals nationwide that year. 160 lenders had at least one approval in the state; WBD, Inc. had the most, 166.
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 FY2025, of 160 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | WBD, Inc. | 504 | 166 | $165M | 12.5% | 155 | +11 |
| 2 | U.S. Bank, National Association | 7(a) | 116 | $28.1M | 8.7% | 117 | -1 |
| 3 | Northeast Bank | 7(a) | 82 | $12.5M | 6.2% | 26 | +56 |
| 4 | The Huntington National Bank | 7(a) | 80 | $28.4M | 6.0% | 80 | 0 |
| 5 | Old National Bank | 7(a) | 54 | $59.6M | 4.1% | 63 | -9 |
| 6 | Newtek Bank, National Association | 7(a) | 52 | $17.6M | 3.9% | 29 | +23 |
| 7 | Wisconsin Women's Business Initiative Corporation | 7(a) | 37 | $5.6M | 2.8% | 40 | -3 |
| 8 | Bank First, N.A. | 7(a) | 35 | $11.7M | 2.6% | 36 | -1 |
| 9 | Nicolet National Bank | 7(a) | 33 | $18.9M | 2.5% | 40 | -7 |
| 10 | Readycap Lending, LLC | 7(a) | 30 | $5.5M | 2.3% | 51 | -21 |
| 11 | Associated Bank National Association | 7(a) | 28 | $11.1M | 2.1% | 29 | -1 |
| 12 | Byline Bank | 7(a) | 26 | $27.2M | 2.0% | 23 | +3 |
| 13 | CCFBank National Association | 7(a) | 26 | $17.4M | 2.0% | 21 | +5 |
| 14 | Live Oak Banking Company | 7(a) | 24 | $23.2M | 1.8% | 20 | +4 |
| 15 | Racine County Economic Development Corporation | 504 | 21 | $20.7M | 1.6% | 13 | +8 |
| 16 | Waukesha State Bank | 7(a) | 21 | $12.5M | 1.6% | 10 | +11 |
| 17 | Lake Ridge Bank | 7(a) | 18 | $7.8M | 1.4% | 16 | +2 |
| 18 | Bank Five Nine | 7(a) | 17 | $9.0M | 1.3% | 17 | 0 |
| 19 | United Midwest Savings Bank National Association | 7(a) | 17 | $5.3M | 1.3% | 6 | +11 |
| 20 | First Bank of the Lake | 7(a) | 16 | $6.0M | 1.2% | 10 | +6 |
| 21 | Celtic Bank Corporation | 7(a) | 16 | $3.2M | 1.2% | 8 | +8 |
| 22 | JPMorgan Chase Bank, National Association | 7(a) | 16 | $2.2M | 1.2% | 16 | 0 |
| 23 | BayFirst National Bank | 7(a) | 15 | $1.9M | 1.1% | 29 | -14 |
| 24 | Lendistry SBLC, LLC | 7(a) | 13 | $3.7M | 1.0% | 5 | +8 |
| 25 | Summit CU | 7(a) | 13 | $2.5M | 1.0% | 19 | -6 |
| 26 | First Internet Bank of Indiana | 7(a) | 12 | $14.0M | 0.9% | 7 | +5 |
| 27 | Frandsen Bank and Trust | 7(a) | 11 | $5.7M | 0.8% | 3 | +8 |
| 28 | Peoples State Bank | 7(a) | 8 | $6.6M | 0.6% | 8 | 0 |
| 29 | VelocitySBA, LLC | 7(a) | 8 | $3.9M | 0.6% | 6 | +2 |
| 30 | Oostburg State Bank | 7(a) | 8 | $1.5M | 0.6% | 9 | -1 |
| 31 | Hiawatha National Bank | 7(a) | 8 | $813K | 0.6% | 49 | -41 |
| 32 | Wells Fargo Bank National Association | 7(a) | 8 | $245K | 0.6% | 8 | 0 |
| 33 | IncredibleBank | 7(a) | 7 | $7.8M | 0.5% | 4 | +3 |
| 34 | First American Bank | 7(a) | 7 | $5.7M | 0.5% | 4 | +3 |
| 35 | Harvest Small Business Finance, LLC | 7(a) | 7 | $4.7M | 0.5% | 5 | +2 |
| 36 | Town Bank, National Association | 7(a) | 7 | $2.0M | 0.5% | 16 | -9 |
| 37 | Ixonia Bank | 7(a) | 6 | $2.9M | 0.5% | 4 | +2 |
| 38 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 6 | $1.5M | 0.5% | 1 | +5 |
| 39 | Bank of Luxemburg | 7(a) | 6 | $1.3M | 0.5% | 0 | new |
| 40 | Citizens State Bank | 7(a) | 6 | $994K | 0.5% | 3 | +3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Milwaukee County | 210 | $110M | 15.8% | 194 | +16 |
| 2 | Waukesha County | 141 | $80.3M | 10.6% | 145 | -4 |
| 3 | Dane County | 139 | $64.7M | 10.5% | 127 | +12 |
| 4 | Brown County | 64 | $39.7M | 4.8% | 59 | +5 |
| 5 | Racine County | 52 | $41.7M | 3.9% | 41 | +11 |
| 6 | Outagamie County | 50 | $34.8M | 3.8% | 44 | +6 |
| 7 | Kenosha County | 46 | $23.8M | 3.5% | 32 | +14 |
| 8 | Eau Claire County | 41 | $32.8M | 3.1% | 41 | 0 |
| 9 | Sheboygan County | 38 | $21.4M | 2.9% | 31 | +7 |
| 10 | Winnebago County | 35 | $19.4M | 2.6% | 21 | +14 |
| 11 | Washington County | 34 | $18.9M | 2.6% | 35 | -1 |
| 12 | St. Croix County | 33 | $13.0M | 2.5% | 58 | -25 |
| 13 | Ozaukee County | 32 | $17.8M | 2.4% | 28 | +4 |
| 14 | Manitowoc County | 30 | $20.3M | 2.3% | 26 | +4 |
| 15 | La Crosse County | 28 | $17.1M | 2.1% | 32 | -4 |
| 16 | Marathon County | 22 | $9.2M | 1.7% | 29 | -7 |
| 17 | Rock County | 21 | $12.0M | 1.6% | 26 | -5 |
| 18 | Columbia County | 21 | $13.3M | 1.6% | 7 | +14 |
| 19 | Walworth County | 20 | $6.5M | 1.5% | 20 | 0 |
| 20 | Chippewa County | 17 | $7.2M | 1.3% | 15 | +2 |
| 21 | Jefferson County | 16 | $8.8M | 1.2% | 18 | -2 |
| 22 | Pierce County | 13 | $3.4M | 1.0% | 6 | +7 |
| 23 | Barron County | 13 | $14.0M | 1.0% | 10 | +3 |
| 24 | Fond du Lac County | 12 | $8.6M | 0.9% | 10 | +2 |
| 25 | Polk County | 11 | $8.3M | 0.8% | 19 | -8 |
| 26 | Oneida County | 11 | $4.0M | 0.8% | 10 | +1 |
| 27 | Dunn County | 10 | $6.5M | 0.8% | 11 | -1 |
| 28 | Door County | 10 | $4.9M | 0.8% | 9 | +1 |
| 29 | Waupaca County | 9 | $9.8M | 0.7% | 9 | 0 |
| 30 | Sauk County | 9 | $8.3M | 0.7% | 9 | 0 |
| 31 | Oconto County | 8 | $5.1M | 0.6% | 3 | +5 |
| 32 | Douglas County | 8 | $3.0M | 0.6% | 2 | +6 |
| 33 | Wood County | 7 | $3.6M | 0.5% | 7 | 0 |
| 34 | Sawyer County | 7 | $3.4M | 0.5% | 10 | -3 |
| 35 | Monroe County | 7 | $2.8M | 0.5% | 5 | +2 |
| 36 | Dodge County | 6 | $2.1M | 0.5% | 6 | 0 |
| 37 | Green County | 6 | $11.7M | 0.5% | 2 | +4 |
| 38 | Grant County | 6 | $1.6M | 0.5% | 4 | +2 |
| 39 | Shawano County | 5 | $3.2M | 0.4% | 6 | -1 |
| 40 | Portage County | 5 | $5.5M | 0.4% | 8 | -3 |
The 40 counties with the most approvals; every county is on the Wisconsin page.
FY2025 against FY2024
| Wisconsin | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 1,128 | 1,099 |
| 7(a) dollars | $551M | $525M |
| Median 7(a) approval | $204K | $193K |
| 504 approvals | 200 | 173 |
| 504 dollars | $205M | $188M |
| Jobs supported, as reported | 14,316 | 13,132 |
Questions and answers
Which lenders made the most SBA loans in Wisconsin in FY2025?
WBD, Inc. (166), U.S. Bank, National Association (116), Northeast Bank (82), The Huntington National Bank (80), Old National Bank (54). 160 lenders had at least one approval.
How many SBA loans were approved in Wisconsin in FY2025?
1,328: 1,128 under 7(a) worth $551M and 200 under 504 worth $205M.
Which Wisconsin counties had the most SBA approvals in FY2025?
Milwaukee County (210), Waukesha County (141), Dane County (139), Brown County (64), Racine County (52).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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