Forward Bank approved 40 SBA loans worth $9.9M between October 2021 and June 2026, ranking #628 of 2,283 SBA lenders nationally by loan count. Its median loan was $128,250, and 80% went to startups or businesses under two years old. It lent in 2 states, most often in Wisconsin, and its most financed industry was restaurants and hotels.
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 8 | $152,500 | |
| Retail | 6 | $225,000 | |
| Construction | 5 | $100,000 | |
| Transportation and warehousing | 5 | $49,500 | |
| Manufacturing | 4 | $51,950 | |
| Real estate and rental | 3 | $332,000 | |
| Finance and insurance | 2 | $200,000 | |
| Education | 1 | $35,000 | |
| Administrative and support services | 1 | $145,000 | |
| Agriculture, forestry and fishing | 1 | $30,000 |