SBA 7(a) lenders in Ashland, WI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
22 institutions have SBA 7(a) loans on record in Ashland, together $20.7M across 54 loans. First Business Bank is the largest, with 12% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Business Bank | 3 | $2.5M | 12.1% | 0.00% |
| 2 | Bank Five Nine | 2 | $1.8M | 8.5% | 0.00% |
| 3 | Old National Bank | 4 | $1.7M | 8.3% | 0.00% |
| 4 | Live Oak Banking Company | 1 | $1.7M | 8.2% | 0.00% |
| 5 | Forward Bank | 5 | $1.5M | 7.3% | 0.00% |
| 6 | Zeal Credit Union | 4 | $1.4M | 6.8% | 0.00% |
| 7 | Platinum Bank | 3 | $1.3M | 6.2% | 0.00% |
| 8 | Summit CU | 1 | $1.3M | 6.0% | 0.00% |
| 9 | The Huntington National Bank | 2 | $1.2M | 5.7% | 0.00% |
| 10 | IncredibleBank | 2 | $1.2M | 5.7% | 0.00% |
| 11 | Frandsen Bank and Trust | 7 | $1.1M | 5.2% | 0.00% |
| 12 | U.S. Bank, National Association | 2 | $1.0M | 4.8% | 0.00% |
| 13 | BMO Bank National Association | 4 | $812K | 3.9% | 10.96% |
| 14 | Newtek Bank, National Association | 2 | $800K | 3.9% | 0.00% |
| 15 | Associated Bank National Association | 5 | $563K | 2.7% | 0.00% |
| 16 | Chippewa Valley Bank | 1 | $461K | 2.2% | 0.00% |
| 17 | Newtek Small Business Finance, Inc. | 1 | $177K | 0.9% | 0.00% |
| 18 | Wisconsin Women's Business Initiative Corporation | 1 | $150K | 0.7% | 0.00% |
| 19 | Northern State Bank | 1 | $110K | 0.5% | 0.00% |
| 20 | Northeast Entrepreneur Fund, Inc. | 1 | $49K | 0.2% | 0.00% |
| 21 | Celtic Bank Corporation | 1 | $35K | 0.2% | 0.00% |
| 22 | Wells Fargo Bank National Association | 1 | $5K | 0.0% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Retail trade | 12 | $6.6M | 31.8% |
| 2 | Retail trade | 10 | $3.6M | 17.4% |
| 3 | Real estate & leasing | 3 | $2.7M | 13.2% |
| 4 | Accommodation & food services | 6 | $2.5M | 12.0% |
| 5 | Construction | 5 | $1.6M | 7.6% |
| 6 | Health care & social assistance | 3 | $1.2M | 6.0% |
| 7 | Administrative & waste services | 4 | $996K | 4.8% |
| 8 | Professional & technical services | 5 | $862K | 4.2% |
| 9 | Utilities | 1 | $242K | 1.2% |
| 10 | Transportation & warehousing | 1 | $185K | 0.9% |
| 11 | Agriculture, forestry & fishing | 1 | $110K | 0.5% |
| 12 | Manufacturing | 2 | $56K | 0.3% |
| 13 | Wholesale trade | 1 | $37K | 0.2% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.