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SBA Names Top FY 20 Lenders in Wisconsin

Community-Based Lenders Continued Crucial Role
Release Date: 
Wednesday, February 17, 2021
Release Number: 
21-7
Contact: 
Shirah Apple/rachel.apple@sba.gov

MILWAUKEE  - The U.S. Small Business Administration’s Wisconsin office is recognizing 16 lenders in 15 volume and specialty categories for FY2020 ending Sept. 30, 2020.  Community-based lenders continued their strong support of SBA programs as the top lenders in seven asset categories under $5 billion.  WBD, Inc., one of two SBA 504 program lenders in Wisconsin made 220 loans for more than $183 million, increasing the dollar amount of its lending over FY19 by 63%. Four lenders each made nine loans as 504 program participations for a total of nearly $40 million.  U.S. Bank made the highest number of 7(a) loans, while Byline Bank loaned the highest dollar amount.  The Wisconsin Women’s Business Initiative Corp. was again Wisconsin’s top Community Advantage lender and top micro-lender.

“During this exceptional year, Wisconsin’s lenders supported small businesses as they start, grow, and expand as well as recover from the COVID-19 pandemic,” said Eric Ness, SBA’s Wisconsin district director.  “These top lenders provided more than 43% of all SBA-backed traditional loan program dollars in Wisconsin last year.  We congratulate them on their support for Wisconsin’s small businesses and their dedication to using SBA-backed lending.”

Wisconsin lenders that participate in SBA programs made 1312 7(a), 504, and micro-loans for $666.5 million in FY2020. Combined with relief program assistance including the Paycheck Protection Program and Economic Injury Disaster Loans (EIDLs are made directly by the SBA) and EIDL Advances, the SBA and SBA lenders provided more than $12.76 billion in funds via 195,651 payments to Wisconsin small businesses and nonprofits in FY20.

The SBA will recognize its top lenders at the 2021 virtual Wisconsin Lenders Conference hosted by UW-Stevens Point on May 20. Registration will open online soon.  

Note:  Table information reflects SBA traditional lending and does not include PPP loans. 

FY2020 Top Wisconsin lenders

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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.

 

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