SBA 7(a) lenders in Burnett, WI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
19 institutions have SBA 7(a) loans on record in Burnett, together $12.3M across 43 loans. Hiawatha National Bank is the largest, with 18% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Hiawatha National Bank | 4 | $2.2M | 17.9% | 0.00% |
| 2 | Live Oak Banking Company | 1 | $1.7M | 13.8% | 0.00% |
| 3 | Alerus Financial, National Association | 2 | $1.4M | 11.5% | 0.00% |
| 4 | Community Bank of Cameron | 1 | $1.3M | 10.5% | 0.00% |
| 5 | Nicolet National Bank | 3 | $1.1M | 8.8% | 0.00% |
| 6 | Frandsen Bank and Trust | 6 | $908K | 7.4% | 0.00% |
| 7 | Old National Bank | 3 | $805K | 6.5% | 0.00% |
| 8 | The Bank of Elk River | 1 | $750K | 6.1% | 0.00% |
| 9 | CCFBank National Association | 2 | $664K | 5.4% | 0.00% |
| 10 | U.S. Bank, National Association | 8 | $494K | 4.0% | 0.00% |
| 11 | The RiverBank | 1 | $350K | 2.8% | 0.00% |
| 12 | Associated Bank National Association | 1 | $200K | 1.6% | 0.00% |
| 13 | Stearns Bank National Association | 1 | $120K | 1.0% | 0.00% |
| 14 | BMO Bank National Association | 1 | $101K | 0.8% | 0.00% |
| 15 | Highland Bank | 3 | $77K | 0.6% | 0.00% |
| 16 | Unity Bank | 1 | $64K | 0.5% | 0.00% |
| 17 | Members Cooperative Credit Union | 1 | $40K | 0.3% | 0.00% |
| 18 | First Citizens Bank | 2 | $38K | 0.3% | 0.00% |
| 19 | Readycap Lending, LLC | 1 | $20K | 0.2% | 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 | 7 | $4.6M | 37.4% |
| 2 | Manufacturing | 3 | $2.1M | 16.7% |
| 3 | Finance & insurance | 3 | $2.0M | 15.9% |
| 4 | Accommodation & food services | 10 | $1.3M | 10.3% |
| 5 | Other services | 3 | $828K | 6.7% |
| 6 | Professional & technical services | 2 | $607K | 4.9% |
| 7 | Real estate & leasing | 2 | $301K | 2.4% |
| 8 | Arts, entertainment & recreation | 1 | $300K | 2.4% |
| 9 | Wholesale trade | 5 | $183K | 1.5% |
| 10 | Construction | 4 | $130K | 1.1% |
| 11 | Transportation & warehousing | 1 | $40K | 0.3% |
| 12 | Retail trade | 1 | $20K | 0.2% |
| 13 | Health care & social assistance | 1 | $20K | 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.