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Top FY19 SBA Lenders in Wisconsin Announced

Community-Based Lenders Play Large SBA Role
Release Date: 
Monday, January 6, 2020
Release Number: 
20-7
Contact: 
Shirah Apple/rachel.apple@sba.gov

MILWAUKEE  - The U.S. Small Business Administration’s Wisconsin office has recognized 14 lenders in 16 volume and speciality categories for fiscal year 2019, which ended on September 30, 2019. Community-based lenders throughout Wisconsin won in six asset categories under $1 billion. Four lenders made more than 70 SBA-backed loans, including the Huntington National Bank, Byline Small Business Capital, Summit Credit Union, and WBD, Inc. The latter, an SBA Certified Development Corporation, made 155 loans for $112.6 million. Byline also made the highest number of SBA export loans.

Eric Ness, SBA’s Wisconsin district director said, “SBA-backed lending is one of the most effective options for small businesses to start, grow, expand, and recover from adversity. These top lenders loaned more than half of all SBA-backed dollars in Wisconsin last year. We congratulate them on their commitment to small business success and the SBA programs.”

In partnership with SBA’s Wisconsin office, lenders helped the state’s small businesses access a total of $564 million in capital via various SBA-backed loan programs in FY19.

Top SBA Lenders in Wisconsin FY19

 

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The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.