SBA 7(a) lenders in Manitowoc, WI

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

40 institutions have SBA 7(a) loans on record in Manitowoc, together $153.8M across 400 loans. Bank First, N.A. is the largest, with 21% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Bank First, N.A.	77	$32.6M	21.2%	0.03%
2	Nicolet National Bank	74	$29.0M	18.8%	0.00%
3	UMB Bank, National Association	21	$17.5M	11.4%	9.16%
4	Bank of Ann Arbor	43	$13.2M	8.6%	2.09%
5	Byline Bank	9	$8.3M	5.4%	11.03%
6	Cleveland State Bank	8	$8.0M	5.2%	0.00%
7	Associated Bank National Association	16	$6.4M	4.2%	0.00%
8	Shoreline CU	47	$4.5M	3.0%	2.14%
9	Summit CU	8	$4.5M	2.9%	0.00%
10	Old National Bank	2	$2.2M	1.5%	0.00%
11	Oostburg State Bank	7	$2.1M	1.4%	0.00%
12	U.S. Bank, National Association	13	$1.8M	1.2%	0.00%
13	The Huntington National Bank	3	$1.7M	1.1%	0.00%
14	BMO Bank National Association	9	$1.7M	1.1%	0.00%
15	State Bank of Chilton	3	$1.7M	1.1%	0.00%
16	Newtek Small Business Finance, Inc.	1	$1.5M	1.0%	0.00%
17	Celtic Bank Corporation	2	$1.5M	1.0%	0.00%
18	IncredibleBank	2	$1.5M	1.0%	0.00%
19	UnitedOne Credit Union	10	$1.4M	0.9%	0.00%
20	GBank	1	$1.4M	0.9%	0.00%
21	Collins State Bank	6	$1.4M	0.9%	0.00%
22	BayFirst National Bank	3	$1.1M	0.7%	7.11%
23	First Business Bank	2	$1.1M	0.7%	0.00%
24	Hiawatha National Bank	8	$1.0M	0.7%	0.00%
25	Bank Five Nine	3	$1.0M	0.7%	0.00%
26	International Bank of Chicago	1	$926K	0.6%	0.00%
27	Waukesha State Bank	2	$843K	0.5%	0.00%
28	Readycap Lending, LLC	2	$786K	0.5%	0.00%
29	Newtek Bank, National Association	1	$720K	0.5%	0.00%
30	Live Oak Banking Company	1	$520K	0.3%	0.00%
31	Fox Communities CU	2	$500K	0.3%	0.00%
32	National Exchange Bank and Trust	2	$297K	0.2%	0.00%
33	Kohler CU	1	$200K	0.1%	0.00%
34	Bank of Luxemburg	2	$190K	0.1%	0.00%
35	Wells Fargo Bank National Association	3	$189K	0.1%	0.00%
36	United Midwest Savings Bank National Association	1	$150K	0.1%	78.27%
37	Verve, a Credit Union	1	$131K	0.1%	0.00%
38	State Bank of Reeseville	1	$112K	0.1%	0.00%
39	Fortifi Bank	1	$20K	0.0%	0.00%
40	VelocitySBA, LLC	1	$13K	0.0%	84.83%

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	Manufacturing	42	$28.4M	18.5%
2	Accommodation & food services	60	$19.6M	12.8%
3	Other services	38	$12.5M	8.1%
4	Retail trade	31	$11.7M	7.6%
5	Transportation & warehousing	33	$11.2M	7.3%
6	Manufacturing	11	$9.9M	6.4%
7	Wholesale trade	19	$9.4M	6.1%
8	Construction	41	$9.0M	5.8%
9	Health care & social assistance	28	$7.4M	4.8%
10	Manufacturing	17	$7.4M	4.8%
11	Arts, entertainment & recreation	9	$5.5M	3.6%
12	Administrative & waste services	17	$4.6M	3.0%
13	Information	4	$4.2M	2.8%
14	Professional & technical services	14	$3.8M	2.5%
15	Retail trade	8	$3.1M	2.0%
16	Agriculture, forestry & fishing	15	$3.1M	2.0%
17	Real estate & leasing	5	$1.2M	0.7%
18	Utilities	1	$780K	0.5%
19	Transportation & warehousing	1	$350K	0.2%
20	Finance & insurance	3	$338K	0.2%
21	Mining & extraction	1	$321K	0.2%
22	Educational services	2	$120K	0.1%

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.