Top Wisconsin SBA Lenders | SBA loans in WI

Last update: Apr 15, 2024

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Mostly Wisconsin-based banks were among the largest lenders to “The Badger State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Wisconsin:

Top SBA lenders in Wisconsin

RankBankBank HQs# of LoansAvg Interest Avg Loan
1U.S. BankCINCINNATI, OH929.7% $132,089
2Hiawatha National BankHAGER CITY, WI388.9% $401,421
3Huntington BankCOLUMBUS, OH3710.5% $243,451
4Bank FirstMANITOWOC, WI268.2% $339,673
5Wisconsin Women’s Business Initiative CorporationMilwaukee, WI259.3% $165,120
6BayFirst National BankSaint Petersburg, FL2412.8% $134,900
7Old National BankEVANSVILLE, IN238.2% $933,126
8Citizens Community FederalALTOONA, WI2010.6% $931,955
9Summit CUCOTTAGE GROVE, WI209.1% $236,220
10Byline BankCHICAGO, IL1610.9% $1,053,106
11Associated BankGREEN BAY, WI169.6% $487,944
12Fortifi BankBERLIN, WI158.5% $422,893
13Noah BankMiami, FL1312.8% $719,615
14Nicolet National BankGREEN BAY, WI138.4% $508,262
15Newtek BankMiami, FL1312.8% $719,615
16Town BankHARTLAND, WI128.0% $831,608
17Waukesha State BankWAUKESHA, WI1210.2% $658,092
18Live OakWILMINGTON, NC119.9% $2,013,782
19American National Bank-Fox CitiesAPPLETON, WI119.1% $202,991
20Community State BankUnion Grove, WI118.3% $343,218

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Top industries receiving SBA loans in Wisconsin

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Full-Service Restaurants279.7% $667,278
2Limited-Service Restaurants219.7% $386,248
3Child Day Care Services2011.0% $457,340
4General Freight Trucking, Local159.8% $408,553
5All Other Specialty Trade Contractors149.5% $844,143
6Fitness and Recreational Sports Centers1410.0% $588,907
7Drinking Places (Alcoholic Beverages)138.8% $391,885
8General Automotive Repair139.4% $743,408
9Residential Remodelers1310.1% $122,923
10Hotels (except Casino Hotels) and Motels1210.1% $1,698,658
11Snack and Nonalcoholic Beverage Bars129.6% $304,417
12Beauty Salons119.7% $131,945
13Dairy Cattle and Milk Production119.1% $340,091
14General Freight Trucking, Long Distance, Truckload911.1% $474,144
15Other Scientific and Technical Consulting Services99.5% $47,667
16Landscaping Services89.9% $408,788
17Plumbing, Heating, and Air-Conditioning Contractors810.4% $234,500
18Coin-Operated Laundries and Drycleaners79.1% $575,614
19Mobile Food Services78.3% $49,900
20Offices of Lawyers711.0% $183,643

SBA loans – Wisconsin

A note about these Wisconsin SBA lenders – People frequently ask us if one of the banks above is 1) on the Wisconsin preferred lender list 2) an approved lender in Wisconsin, or 3) participating in the Wisconsin SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Wisconsin and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Wisconsin and in Milwaukee.

We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time. Just click on the find SBA lenders near me button below to get started.

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