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SBA lenders in Madison, WI

SBA 7(a) and 504 loans to businesses in Madison (Dane County), October 2021 to June 30, 2026 · Updated October 15, 2026
318
SBA loans approved
$182.1M
Total approved
$250,000
Median loan
55
Lenders active
39%
To startups

318 SBA loans worth $182.1M went to businesses in Madison, WI between October 2021 and June 2026, from 55 lenders. WBD made the most, 52 loans. The median loan was $250,000, compared with $269,000 across Wisconsin, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Madison

#LenderLoansApprovedMedian loanTo startups
1WBD
Certified development company · Madison, WI
52$59.8M$716,00019%
2Summit CU
Credit union · Cottage Grove, WI
30$4.1M$72,50043%
3Lake Ridge Bank
Bank · Middleton, WI
20$5.4M$131,85060%
4U.S. Bank
Bank · Cincinnati, OH
19$4.1M$40,00032%
5Wisconsin Women's Business Initiative
Non-bank lender · Milwaukee, WI
16$2.9M$150,00062%
6Oak Bank
Bank · Fitchburg, WI
14$6.7M$421,00021%
7Huntington National Bank
Bank · Columbus, OH
14$4.8M$175,00050%
8Northeast Bank
Bank · Portland, ME
12$1.3M$80,0008%
9Byline Bank
Bank · Chicago, IL
10$12.4M$617,50050%
10Park Bank
Bank · Madison, WI
10$2.9M$125,00060%
11Associated Bank
Bank · Green Bay, WI
9$2.8M$338,20056%
12Readycap Lending
Non-bank lender · Berkeley Heights, NJ
9$1.6M$104,00022%
13One Community Bank
Bank · Oregon, WI
7$2.3M$150,00057%
14Live Oak Banking
Bank · Wilmington, NC
6$10.4M$1,417,50067%
15Bank First
Bank · Manitowoc, WI
5$2.8M$365,00040%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Madison. For 504 loans the lender shown is the certified development company.

What gets financed in Madison

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels42
13%
$439,400WBD
Retail38
12%
$303,900WBD
Health care and social assistance37
12%
$215,700WBD
Arts, entertainment and recreation32
10%
$300,000Lake Ridge Bank
Professional and technical services32
10%
$200,000Summit CU
Other services (repair, personal care)27
8%
$200,000WBD
Construction26
8%
$344,250WBD
Manufacturing24
8%
$210,000WBD
Loan size mix
  • Under $150,00034%
  • $150,000 to $500,00036%
  • $500,000 to $2 million23%
  • $2 million and up7%
Compared with Wisconsin
Median loan, Madison
$250,000
Median loan, Wisconsin
$269,000
Startup share, Madison
39%
Startup share, Wisconsin
34%
Share of state's SBA loans
5.5%

SBA loans per fiscal year in Madison

067133200FY14: 95 loansFY14FY15: 124 loansFY15124FY16: 108 loansFY16FY17: 96 loansFY17FY18: 81 loansFY18FY19: 93 loansFY19FY20: 78 loansFY20FY21: 56 loansFY21FY22: 70 loansFY22FY23: 52 loansFY23FY24: 61 loansFY24FY25: 75 loansFY25FY26 (Oct to Jun): 60 loansFY2660
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.