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SBA lenders in Racine, WI

SBA 7(a) and 504 loans to businesses in Racine (Racine County), October 2021 to June 30, 2026 · Updated October 15, 2026
94
SBA loans approved
$36.7M
Total approved
$156,750
Median loan
34
Lenders active
26%
To startups

94 SBA loans worth $36.7M went to businesses in Racine, WI between October 2021 and June 2026, from 34 lenders. U.S. Bank made the most, 14 loans. The median loan was $156,750, compared with $269,000 across Wisconsin, and construction was the most financed industry.

Most active SBA lenders in Racine

#LenderLoansApprovedMedian loanTo startups
1U.S. Bank
Bank · Cincinnati, OH
14$2.4M$42,50036%
2Community State Bank
Bank · Union Grove, WI
13$3.6M$100,00031%
3Huntington National Bank
Bank · Columbus, OH
13$912K$45,00031%
4Racine County Economic Development
Certified development company · Sturtevant, WI
7$5.0M$286,00014%
5Town Bank
Bank · Hartland, WI
5$1.1M$169,00040%
6Old National Bank
Bank · Evansville, IN
4$3.0M$793,2000%
7JPMorgan Chase Bank
Bank · Columbus, OH
4$570K$125,0000%
8Waukesha State Bank
Bank · Waukesha, WI
3$1.9M$458,10033%
9WBD
Certified development company · Madison, WI
2$1.3M$642,0000%
10Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$550K$275,0000%
11Legacy Redevelopment
Non-bank lender · Milwaukee, WI
2$438K$218,75050%
12Wisconsin Women's Business Initiative
Non-bank lender · Milwaukee, WI
2$360K$180,00050%
13Wells Fargo Bank
Bank · Sioux Falls, SD
2$35K$17,500100%
14Port 51 Lending
Non-bank lender · New York, NY
1$4.0M$4,000,0000%
15Merchants Bank of Indiana
Bank · Carmel, IN
1$3.8M$3,772,4000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Racine. For 504 loans the lender shown is the certified development company.

What gets financed in Racine

IndustryLoansShareMedian loanMost active lender
Construction12
13%
$132,500Community State Bank
Other services (repair, personal care)11
12%
$170,000Huntington National Bank
Restaurants and hotels11
12%
$450,000U.S. Bank
Arts, entertainment and recreation10
11%
$50,000U.S. Bank
Manufacturing10
11%
$538,300Old National Bank
Retail9
10%
$200,000Town Bank
Professional and technical services9
10%
$150,000Old National Bank
Health care and social assistance9
10%
$120,000Huntington National Bank
Loan size mix
  • Under $150,00047%
  • $150,000 to $500,00030%
  • $500,000 to $2 million21%
  • $2 million and up2%
Compared with Wisconsin
Median loan, Racine
$156,750
Median loan, Wisconsin
$269,000
Startup share, Racine
26%
Startup share, Wisconsin
34%
Share of state's SBA loans
1.6%

SBA loans per fiscal year in Racine

0132740FY14: 25 loansFY14FY15: 18 loansFY15FY16: 32 loansFY1632FY17: 21 loansFY17FY18: 26 loansFY18FY19: 20 loansFY19FY20: 13 loansFY20FY21: 23 loansFY21FY22: 22 loansFY22FY23: 24 loansFY23FY24: 21 loansFY24FY25: 20 loansFY25FY26 (Oct to Jun): 7 loansFY267
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.