SBA lending by metro area
SBA lenders in Milwaukee, WI
Which lenders fund Milwaukee-area businesses, how much, and how the market compares with Wisconsin: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Milwaukee area
Ranked by SBA volume funded to businesses located in the Milwaukee metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | WBD, Inc. | 825 | $626.8M | $760K | not reported |
| 2 | Bank Five Nine | 1,218 | $488.2M | $401K | 3.20% |
| 3 | Byline Bank | 375 | $376.9M | $1.0M | 5.60% |
| 4 | Waukesha State Bank | 401 | $181.1M | $452K | 3.99% |
| 5 | U.S. Bank, National Association | 672 | $121.0M | $180K | 4.02% |
| 6 | Old National Bank | 159 | $107.3M | $675K | 1.26% |
| 7 | Live Oak Banking Company | 80 | $99.8M | $1.2M | 1.25% |
| 8 | UMB Bank, National Association | 138 | $96.9M | $702K | 1.45% |
| 9 | Associated Bank, National Association | 493 | $94.9M | $192K | 1.42% |
| 10 | The Huntington National Bank | 240 | $93.2M | $388K | 3.33% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Milwaukee compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Milwaukee area | $205K ▲ 2.5% | 11.8% ▼ 1.8 pts |
| Wisconsin | $200K | 13.7% |
| United States | $179K | 11.2% |
What gets funded in Milwaukee
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 1,005 | $656.9M |
| Accommodation and Food Services | 927 | $468.1M |
| Retail Trade | 856 | $427.5M |
| Health Care and Social Assistance | 713 | $357.9M |
| Construction | 764 | $267.8M |
| Other Services | 660 | $227.6M |
| Professional and Technical Services | 730 | $226.6M |
| Wholesale Trade | 368 | $200.9M |
SBA lending in Milwaukee by year
Geography, precisely
"Milwaukee area" here means the Milwaukee-Waukesha, WI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Milwaukee County, WI; Ozaukee County, WI; Washington County, WI; Waukesha County, WI. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.