Top SBA Lenders in Wisconsin

Small businesses in Wisconsin seeking financial support have a plethora of options when it comes to Small Business Administration (SBA) loans. Let’s explore the top 10 SBA lenders in the state, providing insights into the unique strengths and characteristics of each institution:

Wisconsin Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1U.S. BankCincinnati, OH84 $113,014 6.9%
2Hiawatha National BankHager City, WI40 $567,648 5.7%
3Nicolet National BankGreen Bay, WI40 $381,755 5.7%
4Citizens Community FederalAltoona, WI36 $454,417 6.6%
5Waukesha State BankWaukesha, WI30 $764,313 7.2%
6Byline BankChicago, IL29 $1,432,690 7.2%
7The Huntington National BankColumbus, OH28 $479,786 7.2%
8Bank FirstManitowoc, WI27 $567,348 5.9%
9Summit CUCottage Grove, WI27 $279,630 5.9%
10Associated BankGreen Bay, WI23 $264,078 6.9%
11Community State BankUnion Grove, WI22 $304,582 6.1%
12Bank Five NineOconomowoc, WI18 $467,178 6.1%
13Fortifi BankBerlin, WI18 $312,722 6.3%
14Forward BankMarshfield, WI16 $182,719 5.7%
15Wisconsin Women’s Business Initiative CorporationMilwaukee, WI16 $163,750 9.0%
16Old National BankEvansville, IN15 $1,524,513 6.4%
17Citizens State Bank of La CrosseLa Crosse, WI11 $320,482 7.2%
18United Midwest Savings BankDe Graff, OH10 $200,000 8.2%
19American National Bank-Fox CitiesAppleton, WI9 $439,711 6.7%
20Celtic BankSalt Lake City, UT9 $398,256 7.0%
21Citizens BankMukwonago, WI9 $602,144 6.4%
22First Internet Bank of IndianaFishers, IN9 $1,266,556 8.1%
23JPMorgan Chase BankColumbus, OH9 $286,400 7.9%
24Live OakWilmington, NC9 $1,463,500 6.0%
25Oak BankFitchburg, WI9 $310,300 5.3%
26Citizens State BankHudson, WI8 $321,550 6.0%
27Coulee BankLa Crosse, WI8 $836,088 6.0%
28IncredibleBankWausau, WI8 $883,125 5.7%
29Oostburg State BankOostburg, WI8 $430,513 5.4%
30Readycap Lending, LLCBerkeley Heights, NJ8 $787,650 7.3%
31The Park BankMadison, WI8 $116,913 6.4%
32The Stephenson National Bank and TrustMarinette, WI8 $881,750 5.6%
33Wells FargoSioux Falls, SD8 $94,563 9.6%
34BancorpSouth BankTupelo, MS7 $228,714 7.1%
35National Exchange Bank and TrustFond Du Lac, WI7 $339,971 5.7%
36First Business BankMadison, WI6 $970,333 7.2%
37First National Community BankNew Richmond, WI6 $134,283 6.3%
38Peoples State BankWausau, WI6 $181,333 6.2%
39BayFirst National BankSaint Petersburg, FL5 $129,000 7.7%
40BMO Harris BankChicago, IL5 $663,900 5.4%

1. U.S. Bank

U.S. Bank, based in Cincinnati, Ohio, takes the lead as a national player with a significant presence in Wisconsin. Facilitating 84 loans, the bank provides an average loan amount of $113,014 at a competitive 6.9% interest rate. Wisconsin businesses can benefit from U.S. Bank’s national backing and substantial lending support.

2. Hiawatha National Bank

Hiawatha National Bank, located in Hager City, Wisconsin, secures the second position with a strong regional focus. With 40 loans, the bank offers an average loan amount of $567,648 at a low 5.7% interest rate. Hiawatha National Bank stands out for businesses seeking localized support and competitive financing terms.

3. Nicolet National Bank

Nicolet National Bank, headquartered in Green Bay, Wisconsin, distinguishes itself with a focus on the local community. With 40 loans, the bank provides an average loan amount of $381,755 at a 5.7% interest rate. Nicolet National Bank is a strategic partner for businesses in Wisconsin, offering personalized service and competitive financing terms.

4. Citizens Community Federal

Citizens Community Federal, located in Altoona, Wisconsin, secures the fourth position. With 36 loans, the bank offers an average loan of $454,417 at a 6.6% interest rate. Wisconsin businesses seeking substantial financial backing with a regional touch may find Citizens Community Federal to be an ideal partner.

5. Waukesha State Bank

Waukesha State Bank, based in Waukesha, Wisconsin, specializes in larger loan amounts. With 30 loans, the bank provides an average loan of $764,313 at a 7.2% interest rate. Waukesha State Bank is an attractive option for businesses in Wisconsin looking for substantial financial support.

6. Byline Bank

Byline Bank, headquartered in Chicago, Illinois, secures the sixth position. With 29 loans, the bank offers an average loan amount of $1,432,690 at a 7.2% interest rate. Byline Bank is a strategic choice for businesses in Wisconsin seeking substantial funding for growth and expansion.

7. The Huntington National Bank

The Huntington National Bank, based in Columbus, Ohio, is a national player with a presence in Wisconsin. With 28 loans, the bank provides an average loan amount of $479,786 at a 7.2% interest rate. The Huntington National Bank offers businesses a mix of national backing and substantial lending support.

8. Bank First

Bank First, located in Manitowoc, Wisconsin, takes the eighth position. With 27 loans, the bank offers an average loan amount of $567,348 at a 5.9% interest rate. Bank First is an attractive option for businesses seeking community-oriented financing and competitive terms.

9. Summit Credit Union (CU)

Summit Credit Union, based in Cottage Grove, Wisconsin, stands out with a focus on the local community. With 27 loans, the credit union provides an average loan amount of $279,630 at a 5.9% interest rate. Summit CU offers businesses in Wisconsin a member-focused approach to lending.

10. Associated Bank

Associated Bank, headquartered in Green Bay, Wisconsin, closes the top 10 SBA lenders in the state. With 23 loans, the bank offers an average loan amount of $264,078 at a 6.9% interest rate. Associated Bank provides businesses with a mix of regional and national support.

In conclusion, Wisconsin businesses have a diverse array of SBA lenders to choose from, each offering unique advantages. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Badger State.

Top Industries for SBA loans in Wisconsin

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants47 $410,126 6.7%
2Limited-Service Restaurants29 $476,445 6.6%
3Drinking Places (Alcoholic Beverages)25 $241,048 7.1%
4General Automotive Repair19 $464,184 6.2%
5Hotels (except Casino Hotels) and Motels17 $2,473,947 6.4%
6Landscaping Services17 $205,112 6.2%
7Offices of Chiropractors15 $223,093 6.5%
8Machine Shops14 $844,000 6.2%
9Fitness and Recreational Sports Centers12 $186,175 6.7%
10Residential Remodelers12 $160,000 7.1%
11Beauty Salons11 $113,245 6.3%
12Plumbing, Heating, and Air-Conditioning Contractors11 $233,036 6.9%
13Insurance Agencies and Brokerages9 $351,667 5.6%
14Supermarkets and Other Grocery (except Convenience) Stores9 $465,133 6.2%
15Dairy Cattle and Milk Production9 $714,111 5.3%
16General Freight Trucking, Local9 $303,633 6.4%
17General Freight Trucking, Long Distance, Truckload8 $454,125 8.4%
18Other Personal Care Services8 $171,138 6.8%
19Commercial and Institutional Building Construction7 $598,214 6.6%
20Child Day Care Services7 $721,129 7.3%
21Painting and Wall Covering Contractors7 $168,786 8.1%
22Lessors of Nonresidential Buildings (except Miniwarehouses)7 $391,129 6.5%
23All Other Specialty Trade Contractors6 $516,433 5.7%
24Janitorial Services6 $126,367 7.1%
25Specialized Freight (except Used Goods) Trucking, Local6 $62,967 6.3%
26Snack and Nonalcoholic Beverage Bars6 $341,550 6.3%
27Offices of Dentists6 $1,968,783 5.1%
28New Single-Family Housing Construction (except Operative Builders)6 $277,700 6.0%
29Car Washes5 $885,420 6.0%
30Veterinary Services5 $167,100 7.0%
31Coin-Operated Laundries and Drycleaners5 $751,760 6.2%
32Site Preparation Contractors5 $332,800 6.3%
33Other Building Finishing Contractors5 $47,640 8.1%
34Support Activities for Animal Production5 $221,800 6.1%
35All Other Amusement and Recreation Industries5 $482,600 7.1%
36Funeral Homes and Funeral Services5 $1,065,460 5.8%
37Optical Goods Stores4 $314,500 9.0%
38Other Individual and Family Services4 $163,250 7.3%
39Pet Care (except Veterinary) Services4 $862,000 7.4%
40Septic Tank and Related Services4 $87,100 6.3%

Top SBA Loan Franchises in Wisconsin

RankFranchiseName# of Loans Avg Loan Avg Interest
1360 Painting4 $150,000 9.4%
2Window World4 $332,500 7.3%
3Two Maids/Two Maids & A Mop3 $150,000 8.3%
4Piggly Wiggly3 $472,067 5.4%
5Culver’s ButterBurgers & Froze3 $1,238,933 5.6%
6Super 83 $2,729,333 5.1%
7Motel 63 $2,357,100 6.2%
8Chrysler – Sales and Service A2 $2,700,000 5.1%
9Real Property Management2 $86,000 9.0%
10Fastest Labs2 $150,000 6.3%
11Biggby Coffee2 $575,500 5.5%
12MaidPro2 $96,000 6.0%
13Comfort Inn2 $4,478,400 7.3%
14FIRE Fitness Camp2 $71,000 5.2%
15The UPS Store2 $285,000 6.0%
16Maaco2 $565,000 8.0%
17Cold Stone Creamery2 $200,000 9.0%

Top Wisconsin SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1DIVERSIFIED MANAGEMENT GROUPEau Claire, WIConvenience Stores $500K – $1M 4.9%177
2WOLLER PRECISION MACHINE LLCPound, WIMachine Shops $250K – $500K 5.6%135
3VECTOR & EAT LLCWisconsin Dells, WIAdvertising Agencies $250K – $500K 5.8%100
4SRW ACQUISITION LLCMilwaukee, WIFull-Service Restaurants $2.5M – $5M 6.5%97
5MURSAU FOODS LLCColeman, WISupermarkets and Other Grocery (except Convenience) Stores $250K – $500K 5.3%96
6HARVEST HOME SENIOR LIVING SERSheboygan, WIHomes for the Elderly $500K – $1M 5.5%92
7GABE'S CONSTRUCTION CO. ISheboygan, WIOther Heavy and Civil Engineering Construction $500K – $1M 4.9%90
8THE ELEGANT FARMER INC.Mukwonago, WIFruit and Vegetable Markets $1M – $2.5M 7.4%90
9DETJEN ENTERPRISES INC.Princeton, WISupermarkets and Other Grocery (except Convenience) Stores $250K – $500K 5.8%86
10VICO PLASTIC MOLDING LLCWaunakee, WIAll Other Plastics Product Manufacturing $1M – $2.5M 9.5%84
11MIDWEST DINERS LLCGreendale, WIFull-Service Restaurants $250K or less 6.3%83
12CREDIT SERVICE INTERNATIONAL CHudson, WICollection Agencies $250K – $500K 8.3%81
13BAKALARS SAUSAGE COMPANY INC.La Crosse, WIMeat Processed from Carcasses $1M – $2.5M 6.0%80
14T & G DESSERTS INC.Fond Du Lac, WILimited-Service Restaurants $1M – $2.5M 4.5%75
15FOX VALLEY IN-HOME CARE INC.Appleton, WIHome Health Care Services $500K – $1M 6.0%71
16D-LUX SCREEN PRINTING INC.Holmen, WICommercial Screen Printing $1M – $2.5M 1.4%70
17K2 CAPITAL LLCMadison, WIComputer Systems Design Services $250K or less 7.8%68
18MERCHANT MADISON LLCMadison, WIFull-Service Restaurants $500K – $1M 7.7%67
19MIDWEST VETERINARY SPECIALISTSMilwaukee, WIVeterinary Services $250K or less 6.6%66
20LA FOGATA MEXICAN GRILLKenosha, WIFull-Service Restaurants $1M – $2.5M 6.3%66
21FREEDOM METALS INC.Coleman, WIMachine Shops $500K – $1M 6.0%63
22LITTLE BEAR LEARNING CENTER LLMuskego, WIChild Day Care Services $1M – $2.5M 6.0%62
23PARBS REAL ESTATE LLCWest Allis, WIAll Other Specialty Trade Contractors $250K – $500K 6.0%60
24AZARA HOOKAH ZONE LLCElk Mound, WITobacco Stores $500K – $1M 4.8%60
25CITY CDJRF OF BROOKFIELDBrookfield, WINew Car Dealers $2.5M – $5M 5.4%60
26WAUSAU FOODS INC.Wausau, WISupermarkets and Other Grocery (except Convenience) Stores $250K – $500K 5.5%58
27RIB FOODS LLCWausau, WISupermarkets and Other Grocery (except Convenience) Stores $250K – $500K 5.5%58
28R & M DESSERTS INC.Fond Du Lac, WILimited-Service Restaurants $1M – $2.5M 5.3%58
29VOLANTE LLCMilwaukee, WIFull-Service Restaurants $250K – $500K 7.3%56
30HOUSEHOLDER TAVERNS LLCLa Crosse, WIDrinking Places (Alcoholic Beverages) $250K or less 7.3%50
31WISCONSIN SUPERIOR PAINTING &Oshkosh, WIPainting and Wall Covering Contractors $250K – $500K 5.9%50
32ZENITH EXPRESS INC.Green Bay, WIBook, Periodical, and Newspaper Merchant Wholesalers $1M – $2.5M 6.8%50
33RUDY’S DRIVE INLa Crosse, WILimited-Service Restaurants $1M – $2.5M 4.4%50
34PILOT PROJECT BREWING LLCMilwaukee, WIBeer and Ale Merchant Wholesalers $2.5M – $5M 7.5%50
35SMA TRUCKING INC.Muskego, WICouriers $250K – $500K 5.8%49
36NATCGJENKINSLL LLCPlatteville, WIFull-Service Restaurants $500K – $1M 6.3%49
37PEACE OF MIND COUNSELING LLCLa Crosse, WIOther Individual and Family Services $250K or less 8.8%48
38VILLAGE BOWL & SOCIAL LLCMenomonee Falls, WIBowling Centers $2.5M – $5M 8.3%48
39STRATIS INC.Sheboygan, WIAll Other Specialty Trade Contractors $1M – $2.5M 4.9%47
40LIBERTY TAX SERVICEAppleton, WITax Preparation Services $250K or less 6.0%45
41FINISH LINE TOWING LLCMadison, WIMotor Vehicle Towing $1M – $2.5M 6.5%45
42C R INDUSTRIES ACQUISITION LLCCudahy, WIAll Other Miscellaneous Fabricated Metal Product Manufacturing $2.5M – $5M 6.3%45
43GS FAMILY SOLUTIONS LLCSouth Milwaukee, WIJanitorial Services $250K or less 9.8%44
44RAZOR SHARP FITNESS II LLCRacine, WIFitness and Recreational Sports Centers $250K or less 7.5%43
45SILVERSPRING SENTRY LLCMilwaukee, WISupermarkets and Other Grocery (except Convenience) Stores $500K – $1M 6.8%43
46SOUTHERN WISCONSIN EMERGENCY ABeloit, WIOffices of Physicians (except Mental Health Specialists) $500K – $1M 7.5%42
47ONGNA WOOD PRODUCTS INC.Sheboygan Falls, WIWood Container and Pallet Manufacturing $500K – $1M 4.8%42
48CARRINGTON PROPERTIES LLCMiddleton, WILandscaping Services $250K – $500K 5.0%41
49APOSTLE 22 NORTH INC.Rice Lake, WI $500K – $1M 5.0%41
50MPI COIN INC. & MPI CORPORATGrafton, WIData Processing, Hosting, and Related Services $1M – $2.5M 8.3%41
51SOUTHERN WISCONSIN EMERGENCY AJanesville, WIOffices of Physicians (except Mental Health Specialists) $2.5M – $5M 6.5%41
52TWO BIRDS BAKERY CAFE LLCDe Pere, WIBaked Goods Stores $250K or less 6.0%40
53CULVER’S OF PLEASANT PRAIRIEPleasant Prairie, WILimited-Service Restaurants $250K – $500K 7.0%40
54COTTA LLCBeloit, WISpeed Changer, Industrial High-Speed Drive, and Gear Manufacturing $2.5M – $5M 8.5%40
55SPINELLI GROUP LLCSheboygan, WIHome Health Care Services $250K or less 7.5%39
56ENB VENTURES INC.Osceola, WIAll Other Miscellaneous Wood Product Manufacturing $2.5M – $5M 4.3%39
57REDI TRANSPORTS LLCGreen Bay, WISpecial Needs Transportation $500K – $1M 6.5%38
58TWIN OAKS REAL ESTATE LLCDenmark, WIGolf Courses and Country Clubs $250K or less 4.8%37
59TWIN OAKS GOLF COURSE LLCDenmark, WIGolf Courses and Country Clubs $1M – $2.5M 4.3%37
60CENTRAL CITY DISTRIBUTION CO IWauwatosa, WIGeneral Line Grocery Merchant Wholesalers $1M – $2.5M 9.0%37
61SKIN & SOUL MILWAUKEE LLCMilwaukee, WIBeauty Salons $250K or less 4.8%36
62TREE WISE MEN LLCJanesville, WILandscaping Services $500K – $1M 5.8%36
63PEPIN HEALING HOUSE LLCPepin, WIHomes for the Elderly $500K – $1M 5.3%36
64LAKEWOOD MARKET LLCBoulder Junction, WI $1M – $2.5M 8.5%36
65THE DURAND SMOKEHOUSE LLCDurand, WIAnimal (except Poultry) Slaughtering $500K – $1M 5.0%35
66CLINICAL CONSULTING SOLUTIONSHudson, WITemporary Help Services $250K – $500K 7.8%34
67PERFORMANCE ELITE GYMNASTICS LLa Crosse, WISports Teams and Clubs $250K or less 9.0%33
68CENTRAL STANDARD LLCMilwaukee, WIDistilleries $250K – $500K 6.3%33
69HEALTHY HOME HEATING & COOLINGAppleton, WIPlumbing, Heating, and Air-Conditioning Contractors $500K – $1M 4.4%33
70ATARI INVESTMENTS LLCOconomowoc, WICouriers $250K – $500K 6.0%32
71DELTA TANGO FOUR LLCRacine, WILimited-Service Restaurants $250K – $500K 6.3%32
72MIND+ NEUROLOGY LLCMequon, WIOffices of Physicians (except Mental Health Specialists) $1M – $2.5M 6.3%32
73NETALEE PROPERTIES LLCMadison, WILimited-Service Restaurants $250K – $500K 4.1%31
74SOUTH PIER HOSPITALITY GROUP LSheboygan, WIFull-Service Restaurants $500K – $1M 7.8%31
75BULLWINKLE’S AT THE GALLERIABrookfield, WIFull-Service Restaurants $250K or less 5.5%30
76POWERS INN LLCWatertown, WIFull-Service Restaurants $250K or less 5.0%30
77KRB HOLDINGS LLCWautoma, WILimited-Service Restaurants $250K – $500K 5.5%30
78INSPIRE EARLY CHILDHOOD LLCWaunakee, WIChild Day Care Services $250K – $500K 5.0%30
79PMT PROPERTIES LLCFond Du Lac, WICommercial and Institutional Building Construction $250K – $500K 6.5%30
80MIAS KITCHEN AND PIZZERIAWaukesha, WIFull-Service Restaurants $250K – $500K 8.3%30
81KRB HOLDINGS LLCWaupaca, WILimited-Service Restaurants $500K – $1M 4.8%30
82SAM & GRAM LLCHayward, WIFull-Service Restaurants $1M – $2.5M 7.5%30
83CARDINAL CONSTRUCTION CO. INCFond Du Lac, WICommercial and Institutional Building Construction $1M – $2.5M 6.5%30
84MILESTONES CHILD CARE CENTER LChippewa Falls, WIChild Day Care Services $1M – $2.5M 6.0%30
85SAYNER PUB INC.Sayner, WIFull-Service Restaurants $1M – $2.5M 7.5%29
86DVSN 1 LLCAppleton, WIShoe Stores $250K or less 6.3%28
87MAKING A WAY TRANSPORT LLCLa Crosse, WITaxi Service $250K or less 8.3%28
88SIP LLCGreen Bay, WIDrinking Places (Alcoholic Beverages) $250K – $500K 6.9%28
89RICE LAKE AUTO SUPPLY INC.Rice Lake, WI $500K – $1M 5.0%28
90HANDI LIFTCumberland, WIGeneral Automotive Repair $500K – $1M 6.3%28
91NKS TIRE & SERVICE INC.Marinette, WIGeneral Automotive Repair $1M – $2.5M 5.3%28
92MDI LLCMilwaukee, WIIndustrial Machinery and Equipment Merchant Wholesalers $1M – $2.5M 6.5%28
93PAUL S WURTZ ENTERPRISES LLCPepin, WIDrinking Places (Alcoholic Beverages) $250K or less 5.3%27
94EATON & EATON INDUSTRIES INC.Waukesha, WILessors of Nonresidential Buildings (except Miniwarehouses) $250K or less 6.0%27
95MARC-ON SHOOTING LLCChippewa Falls, WIAll Other Amusement and Recreation Industries $250K or less 6.3%27
96STRAUS KNITTING MILLS INC.St. Croix Falls, WIKnit Fabric Mills $2.5M – $5M 4.3%27
97KONOP REFRIGERATION INC.Green Bay, WICommercial and Industrial Machinery and Equipment (except Automotive a $500K – $1M 6.8%26
98THE EAU CLAIRE BREWING PROJECTEau Claire, WIBreweries $1M – $2.5M 8.0%26
99METROPOLITAN SALON & DAY SPALa Crosse, WIOther Personal Care Services $250K or less 9.0%25
100GO FAST MFG LLCNew London, WISawmill, Woodworking, and Paper Machinery Manufacturing $250K or less 6.0%25

Note about SBA lenders near me in Wisconsin

When it comes to top Wisconsin SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Wisconsin preferred lender list, 2) approved lenders in Wisconsin, or 3) active participants in the Wisconsin SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Wisconsin swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Wisconsin, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.