SBA 7(a) lenders in Polk, WI

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

Lenders

46 institutions have SBA 7(a) loans on record in Polk, together $89.4M across 223 loans. Hiawatha National Bank is the largest, with 23% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Hiawatha National Bank	38	$21.0M	23.5%	0.00%
2	Nicolet National Bank	44	$18.5M	20.6%	2.48%
3	Old National Bank	23	$18.2M	20.4%	0.60%
4	Frandsen Bank and Trust	11	$7.8M	8.7%	0.00%
5	First National Community Bank	6	$2.4M	2.7%	0.00%
6	U.S. Bank, National Association	19	$2.4M	2.7%	0.00%
7	CRF Small Business Loan Company, LLC	1	$1.7M	1.9%	0.00%
8	Associated Bank National Association	4	$1.6M	1.8%	0.00%
9	Royal Credit Union	2	$1.2M	1.4%	0.00%
10	BankVista	2	$1.1M	1.3%	0.00%
11	Alerus Financial, National Association	2	$1.1M	1.2%	0.00%
12	Pillar Bank	2	$1.0M	1.1%	0.00%
13	The RiverBank	5	$1.0M	1.1%	0.00%
14	First Resource Bank	10	$902K	1.0%	28.24%
15	Security Financial Bank	2	$845K	0.9%	0.00%
16	The Huntington National Bank	5	$730K	0.8%	0.00%
17	Platinum Bank	2	$710K	0.8%	0.00%
18	Village Bank	2	$682K	0.8%	0.00%
19	Citizens State Bank of La Crosse	5	$628K	0.7%	0.00%
20	Citizens State Bank	2	$620K	0.7%	13.06%
21	First State Bank and Trust	2	$593K	0.7%	0.00%
22	Port 51 Lending LLC	1	$435K	0.5%	0.00%
23	Independence Bank	3	$400K	0.4%	34.79%
24	Merchants Bank, National Association	2	$390K	0.4%	0.00%
25	Byline Bank	1	$382K	0.4%	0.00%
26	Wells Fargo Bank National Association	2	$366K	0.4%	0.00%
27	Bell Bank	2	$356K	0.4%	0.00%
28	Security Bank & Trust Company	1	$340K	0.4%	0.00%
29	Stearns Bank National Association	1	$270K	0.3%	0.00%
30	Johnson Bank	1	$220K	0.2%	0.00%
31	First Citizens Bank	3	$180K	0.2%	0.00%
32	Premier Bank	1	$175K	0.2%	0.00%
33	Peoples Bank of Commerce	1	$171K	0.2%	0.00%
34	BankCherokee	1	$160K	0.2%	0.00%
35	Magnifi Financial CU	1	$159K	0.2%	0.00%
36	21st Century Bank	1	$150K	0.2%	0.00%
37	CCFBank National Association	1	$128K	0.1%	0.00%
38	Celtic Bank Corporation	1	$100K	0.1%	35.18%
39	Newtek Bank, National Association	1	$85K	0.1%	0.00%
40	Drake Bank	1	$75K	0.1%	0.00%
41	Northeast Bank	1	$50K	0.1%	0.00%
42	Readycap Lending, LLC	1	$50K	0.1%	0.00%
43	BayFirst National Bank	1	$30K	0.0%	0.00%
44	VelocitySBA, LLC	3	$28K	0.0%	27.27%
45	WESTconsin CU	1	$20K	0.0%	0.00%
46	First Bank & Trust	1	$10K	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	Manufacturing	41	$24.1M	27.0%
2	Manufacturing	5	$9.5M	10.6%
3	Accommodation & food services	31	$9.3M	10.4%
4	Retail trade	25	$8.9M	10.0%
5	Wholesale trade	11	$7.3M	8.2%
6	Manufacturing	6	$6.7M	7.4%
7	Agriculture, forestry & fishing	3	$5.4M	6.1%
8	Other services	24	$4.3M	4.8%
9	Real estate & leasing	7	$3.5M	3.9%
10	Construction	17	$2.9M	3.2%
11	Administrative & waste services	15	$1.7M	1.9%
12	Professional & technical services	8	$1.6M	1.8%
13	Transportation & warehousing	10	$1.3M	1.5%
14	Arts, entertainment & recreation	5	$1.1M	1.3%
15	Retail trade	6	$686K	0.8%
16	Health care & social assistance	6	$596K	0.7%
17	Information	1	$249K	0.3%
18	Transportation & warehousing	1	$204K	0.2%
19	Finance & insurance	1	$10K	0.0%

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.