High-Volume SBA-Approved Wisconsin Lenders to Receive FY22 Awards
The U.S. Small Business Administration’s (SBA) Wisconsin office is recognizing 14 lenders in 15 volume and specialty categories for FY2022, the twelve months ending Sept. 30, 2022. With total SBA-backed FY22 lending in Wisconsin reaching more than $789 million, community lenders again played a strong role with 12 of 15 awards going to Wisconsin-based lenders. For the first time, CAP Services, based in Stevens Point, made the most microloans of the six microlenders serving Wisconsin. The Wisconsin Women’s Business Initiative Corp (WWBIC), made the most SBA Community Advantage loans as one of five lenders statewide offering these loans at up to $350,000 to disadvantaged borrowers. WBD, Inc., made 297 SBA 504 loans for $255 million. U.S. Bank made the highest number of 7(a) loans, while Byline Bank loaned the highest dollar amount.
“SBA-backed lending in Wisconsin saw its second highest level in recent years with $789 million delivered to small business owners through SBA’s core lending programs in FY22. While a drop from the more than $1 billion in loans last year, lenders are still delivering much needed capital to Wisconsin’s startups and more seasoned entrepreneurs,” stated Eric Ness, SBA’s Wisconsin district director. “These high-volume lenders showcase the importance and continued availability of SBA-backed financing for small businesses at all stages of growth through Wisconsin’s many commercial and community banks, credit unions, CDC’s, CDFI’s, and other financing institutions.”
A complete list of Wisconsin’s SBA-approved lenders, along with daily updates and history on 7(a) and 504 SBA lending activity in Wisconsin, is available on the SBA Wisconsin website at sba.gov/wi under “Doing Business in our Area.”
The SBA will recognize its volume lenders at the 2023 Wisconsin Lenders Conference hosted by UW-Stevens Point on May 18. Find more information about the conference here.
Congratulations to several WBA members that will be receiving an award:
Wisconsin SBA Volume Lender Awards
- Cleveland State Bank
- First National Community Bank, New Richmond
- Oostburg State Bank
- Hiawatha National Bank, Hager City
- Citizens Community Federal National Association, Altoona
- Byline Bank, Brookfield
Wisconsin SBA Specialty Lender Awards
- Ixonia Bank: Most Veteran 7(a) Loans Approved
- Byline Bank, Brookfield: Most 7(a) Export Loans Approved
- Nicolet National Bank: Most 504 Loan Participations
- WBD, Inc., Madison: Most 504 Loans Approved
- WWBIC, Milwaukee: Community Advantage Lender with Most Loans Approved
