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SBA lenders in New Richmond, WI

SBA 7(a) and 504 loans to businesses in New Richmond (St. Croix County), October 2021 to June 30, 2026 · Updated October 15, 2026
44
SBA loans approved
$16.7M
Total approved
$112,500
Median loan
17
Lenders active
45%
To startups

44 SBA loans worth $16.7M went to businesses in New Richmond, WI between October 2021 and June 2026, from 17 lenders. Hiawatha National Bank made the most, 9 loans. The median loan was $112,500, compared with $269,000 across Wisconsin, and professional and technical services was the most financed industry.

Most active SBA lenders in New Richmond

#LenderLoansApprovedMedian loanTo startups
1Hiawatha National Bank
Bank · Hager City, WI
9$1.1M$75,00033%
2U.S. Bank
Bank · Cincinnati, OH
7$2.7M$49,00086%
3Old National Bank
Bank · Evansville, IN
4$4.3M$743,00025%
4WBD
Certified development company · Madison, WI
4$2.2M$439,50050%
5First State Bank and Trust
Bank · Bayport, MN
3$500K$50,00033%
6First National Community Bank
Bank · New Richmond, WI
3$269K$50,00033%
7Sunrise Banks
Bank · Sioux Falls, SD
2$1.3M$662,25050%
8Northeast Bank
Bank · Portland, ME
2$250K$125,0000%
9Huntington National Bank
Bank · Columbus, OH
2$81K$40,300100%
10Amplio Economic Development
Certified development company · Arden Hills, MN
1$1.5M$1,477,0000%
11First Resource Bank
Bank · Lino Lakes, MN
1$1.0M$1,000,0000%
12Central Minnesota Development
Certified development company · Andover, MN
1$385K$385,0000%
13Twin Cities-Metro Certified Development
Certified development company · Vadnais Heights, MN
1$345K$345,0000%
14Nicolet National Bank
Bank · Green Bay, WI
1$269K$269,0000%
15Platinum Bank
Bank · Oakdale, MN
1$250K$250,000100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in New Richmond. For 504 loans the lender shown is the certified development company.

What gets financed in New Richmond

IndustryLoansShareMedian loanMost active lender
Professional and technical services11
25%
$50,000U.S. Bank
Construction10
23%
$150,000Hiawatha National Bank
Manufacturing6
14%
$217,500Sunrise Banks
Other services (repair, personal care)5
11%
$385,000First State Bank and Trust
Retail5
11%
$200,000Northeast Bank
Health care and social assistance3
7%
$269,000Old National Bank
Administrative and support services2
5%
$58,750Hiawatha National Bank
Restaurants and hotels2
5%
$103,500WBD
Loan size mix
  • Under $150,00052%
  • $150,000 to $500,00030%
  • $500,000 to $2 million14%
  • $2 million and up5%
Compared with Wisconsin
Median loan, New Richmond
$112,500
Median loan, Wisconsin
$269,000
Startup share, New Richmond
45%
Startup share, Wisconsin
34%
Share of state's SBA loans
0.8%

SBA loans per fiscal year in New Richmond

0102030FY14: 7 loansFY14FY15: 6 loansFY15FY16: 11 loansFY16FY17: 2 loansFY17FY18: 14 loansFY18FY19: 3 loansFY19FY20: 3 loansFY20FY21: 26 loansFY2126FY22: 7 loansFY22FY23: 11 loansFY23FY24: 14 loansFY24FY25: 4 loansFY25FY26 (Oct to Jun): 8 loansFY268
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.