Wisconsin bankers have been working non-stop to provide their small business customers with access to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loans. Those efforts have paid off as Wisconsin is ranked 10th in the nation in loan applications approved and dollars approved under the program, according to the latest SBA numbers. 

Wisconsin’s SBA lenders have approved over 31,000 PPP loans and over $7 billion in funds as of April 13.  

“This is truly an impressive effort from Wisconsin’s banks,” said Rose Oswald Poels, president and CEO, Wisconsin Bankers Association. “We have heard from bankers who have manually processed these loans through the night and on weekends to ensure their customers get the help they need.” 

“In 2019, SBA loans for the year totaled $564 million. In just seven business days, Wisconsin businesses received SBA approval for over $7 billion,” she explained. 

“Keep in mind that PPP loans aren’t the only way Wisconsin’s banks are helping their customers,” said Oswald Poels. “They worked one-on-one with their customers to find solutions before PPP became available and they will continue to do so after the program is done.” 

There were and continue to be challenges with the program. Regulatory guidance is still being updated on a daily basis. The SBA portal has needed to be upgraded several times to keep up with the sheer volume of loan applications. 

The good news is Wisconsin’s banks entered this pandemic from a position of strength and are well-equipped to help their communities. 

The Wisconsin Bankers Association has created an online resource for small businesses and consumers located at www.wisbank.com/COVID-19

A table of the PPP loan amounts by state is below. You can also view the SBA report at  https://www.wisbank.com/media/567286/ppp-report-sba-41420.pdf 

State 

Number of Loans 

Dollar Amount 

TX 

88,434 

$21,776,306,479  

CA 

54,922 

$20,853,495,045  

FL 

52,021 

$12,656,107,018  

IL 

44,453 

$12,503,648,850  

NY 

40,975 

$11,737,950,918  

OH 

38,016 

$10,368,882,724  

PA 

36,604 

$9,910,549,957  

MO 

34,088 

$6,433,368,771  

MN 

33,819 

$7,633,395,870  

WI 

31,702 

$7,288,143,288  

GA 

29,423 

$6,725,718,213  

CO 

28,469 

$5,830,781,842  

MA 

27,315 

$7,073,245,593  

VA 

26,880 

$6,615,120,527  

OK 

26,451 

$4,009,914,991  

MI 

24,974 

$7,321,573,738  

NC 

23,786 

$5,729,549,254  

IN 

23,583 

$5,986,077,384  

IA 

22,295 

$3,748,993,223  

KS 

19,915 

$3,729,110,056  

AL 

19,244 

$3,819,600,518  

TN 

19,074 

$4,742,194,968  

WA 

18,906 

$4,928,845,742  

NE 

18,565 

$2,727,637,044  

KY 

17,216 

$3,336,402,794  

NJ 

17,187 

$5,897,533,934  

LA 

17,097 

$3,745,462,888  

AR 

14,803 

$2,166,563,254  

SC 

14,273 

$2,756,101,029  

MS 

14,209 

$1,921,783,598  

UT 

12,914 

$2,617,066,864  

MD 

11,937 

$3,756,206,258  

CT 

11,930 

$2,923,132,220  

AZ 

10,898 

$3,524,770,207  

ME 

10,889 

$1,710,424,025  

MT 

10,372 

$1,293,105,048  

OR 

9,508 

$2,427,776,445  

ID 

8,846 

$1,399,191,164  

HI 

8,426 

$1,626,051,108  

ND 

8,232 

$1,386,597,176  

SD 

7,986 

$1,156,576,164  

NH 

7,113 

$1,520,212,834  

NM 

5,365 

$1,103,753,677  

WV 

5,211 

$1,054,712,809  

VT 

4,886 

$853,707,598  

NV 

4,209 

$1,255,172,600  

RI 

4,110 

$875,591,033  

AK 

2,703 

$602,911,645  

DE 

1,974 

$590,422,870  

DC 

1,663 

$791,004,872  

PR 

1,001 

$319,308,946  

GU 

238 

$53,659,254  

VI 

68 

$13,116,530  

MP 

29 

$7,540,546  

AS 

1 

$389,500