SBA by industry · WI

SBA lenders for medical practices in Wisconsin

56 lenders made 136 SBA loans to medical practices in Wisconsin in the 36 months ending September 30, 2026. Live Oak Banking Company made the most, with 8. The typical loan was about $190K.

Evidence
SBA 7(a) and 504 loans to medical practices in Wisconsin, NAICS 621, excluding dental
Data as of
SBA, September 30, 2026
Page last changed
November 12, 2026
Lenders on record
56
SBA FOIA,
SBA loans, 36 months
136
SBA FOIA,
7(a) net of cancelled; 504 funded first liens
Dollars, 36 months
$60.1M
SBA FOIA,
Last 12 months
39
SBA FOIA,

Cite this

Source: The Lender Report, SBA lenders for medical practices in Wisconsin, https://lender.report/sba-lenders-for/medical-practices/wisconsin/, data as of September 30, 2026.

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SBA lenders for medical practices in Wisconsin. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order. First 25 of 56.
LenderKindBased inLoansDollars7(a)504Last 12 months
Live Oak Banking Company SBA 7(a) recordBankWilmington, NC8$6.70M802
The Huntington National Bank SBA 7(a) recordBankColumbus, OH8$1.23M802
U.S. Bank National Association SBA 7(a) recordBankCincinnati, OH7$3.94M701
Readycap Lending, LLC SBA 7(a) recordNon-bankBerkeley Heights, NJ6$1.02M600
Citizens Bank SBA 7(a) recordBankMukwonago, WI5$901K502
Wisconsin Women's Business Initiative Corporation SBA 7(a) recordNon-bankMilwaukee, WI5$750K500
Bank First, N.A. SBA 7(a) recordBankManitowoc, WI4$1.54M311
Newtek Bank, National Association SBA 7(a) recordBankMiami, FL4$1.35M402
United Midwest Savings Bank, National Association SBA 7(a) recordBankDegraff, OH4$1.03M401
Citizens State Bank of La Crosse SBA 7(a) recordBankLa Crosse, WI4$640K401
BMO Bank National Association SBA 7(a) recordBankChicago, IL3$1.54M301
Old National Bank SBA 7(a) recordBankEvansville, IN3$920K301
Lake Ridge Bank SBA 7(a) recordBankMiddleton, WI3$403K300
BayFirst National Bank SBA 7(a) recordBankSaint Petersburg, FL3$386K300
Associated Bank, National Association SBA 7(a) recordBankGreen Bay, WI2$2.35M202
Banc of California SBA 7(a) recordBankLos Angeles, CA2$1.95M202
Community First Credit Union SBA 504 recordCredit unionAppleton, WI2$1.82M020
First Business Bank SBA 7(a) recordBankMadison, WI2$1.38M111
First Internet Bank of Indiana SBA 7(a) recordBankFishers, IN2$1.18M200
Ixonia Bank SBA 7(a) recordBankIxonia, WI2$1.02M202
VelocitySBA, LLC SBA 7(a) recordNon-bankIrving, TX2$980K200
Peoples State Bank SBA 7(a) recordBankWausau, WI2$450K201
The Farmers & Merchants BankBankBerlin, WI2$330K200
Colony Bank SBA 7(a) recordBankFitzgerald, GA2$300K200
Summit Credit Union SBA 7(a) recordCredit unionMadison, WI2$260K200
SBA FOIA,

Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.

Detailed industries in this group in Wisconsin
IndustryLoans
Offices of Chiropractors32
Home Health Care Services25
Offices of Mental Health Practitioners (except Physicians)21
Offices of All Other Miscellaneous Health Practitioners20
Offices of Physical, Occupational and Speech Therapists, and Audiologists11
Offices of Physicians (except Mental Health Specialists)11
All Other Miscellaneous Ambulatory Health Care Services5
All Other Outpatient Care Centers3
Medical Laboratories2
Offices of Physicians, Mental Health Specialists2
SBA FOIA,
SBA loans for medical practices in Wisconsin, by size
Loan sizeLoans
Under $150K41
$150K to $350K47
$350K to $1M25
$1M to $2.5M7
$2.5M or more1
SBA FOIA,
  • SBA lenders recorded 136 loans to medical practices totaling $60.1M in Wisconsin in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
  • The typical loan was about $190K, with the middle half between $100K and $400K. SBA FOIA,
  • 113 were SBA 7(a) loans and 8 were SBA 504 first liens. SBA FOIA,
  • SBA 7(a) lenders reported a median initial rate of 10.00% on 113 loans. SBA FOIA,
  • The median term was 10 years. SBA FOIA,
  • Banks and savings institutions made 101 of the loans, credit unions 5, and non-banks 15. SBA FOIA,
  • The five most active lenders made 25.0% of the loans. SBA FOIA,
  • The three most active lenders were Live Oak Banking Company with 8, The Huntington National Bank with 8, and U.S. Bank National Association with 7. SBA FOIA,
  • 41 of the loans were under $150K, and 8 were $1M or more. SBA FOIA,
  • 15 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
  • The SBA file shows 39 approvals of these loans dated in the 12 months to September 30, 2026, versus 51 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
  • 26 of the 56 lenders are based in Wisconsin. The rest are based elsewhere, most often in Ohio, Illinois and California. SBA FOIA,
  • The most common detailed industry in Wisconsin was Offices of Chiropractors, with 32 loans. SBA FOIA,

How this list is defined

Measure
SBA loans made to medical practices in Wisconsin
Period
October 2023 to September 2026
Formula
Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Wisconsin, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 621, excluding dental.
Order
Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
As of
September 30, 2026
Source
SBA FOIA
Changelog
  • : First published, with the data built on this date.

What we don't know

  • Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
  • Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
  • The borrower, the address and every term beyond rate and term. The public file does not show them.

Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.

SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.