Lending data
Who actually lends to real estate and rental businesses in Wisconsin?
57 SBA 7(a) loans went to real estate and rental businesses in Wisconsin recently, at a median of $175,000. Here are the lenders that made them, ranked.
57 SBA 7(a) loans went to real estate and rental businesses in Wisconsin in the most recent fiscal years. The median was $175,000 over 10 years. The most active lender was U.S. Bank, with 9 loans.
What lending to real estate and rental businesses in Wisconsin actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Real estate and rental, Wisconsin | All 7(a) borrowers |
|---|---|---|
| Loans approved | 57 | 214,102 |
| Median loan | $175,000 | $150,000 |
| 25th - 75th percentile | $45,000 - $484,650 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.25% | 10.25% |
| Share to startups | 42.1% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 1.9% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to real estate and rental businesses in Wisconsin. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| U.S. Bank | 9 | $25,000 | 22% | 9.49% |
| The Huntington National Bank | 4 | $201,000 | 50% | 10.00% |
| Live Oak Banking Company | 3 | $1,065,000 | 33% | 8.80% |
| Bank Five Nine | 3 | $1,404,000 | 67% | 9.00% |
| Old National Bank | 3 | $479,300 | 100% | 7.50% |
| Forward Bank | 2 | $310,000 | 100% | 8.00% |
| Summit CU | 2 | $187,500 | 50% | 7.62% |
| First Business Bank | 2 | $643,500 | 50% | 10.00% |
| BayFirst National Bank | 2 | $60,500 | 0% | 11.75% |
| Fortifi Bank | 2 | $258,500 | 50% | 7.62% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $175,000 is 17% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- New businesses do well here. 42% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 28% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.25% is 1.00 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 1.9% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 42.1% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Old National Bank | 3 | $479,300 | 100% | 7.50% |
| Forward Bank | 2 | $310,000 | 100% | 8.00% |
| The Huntington National Bank | 2 | $201,000 | 50% | 10.00% |
| Bank Five Nine | 2 | $1,404,000 | 67% | 9.00% |
| U.S. Bank | 2 | $25,000 | 22% | 9.49% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Wisconsin: restaurants and hotels, construction, retail, personal services, manufacturing, healthcare
- Real Estate in comparable states: Idaho, Maryland, Virginia, Connecticut, Nevada, Tennessee