Best Milwaukee, WI SBA Lenders & Rates of 2026

Compare 30 SBA lenders in Milwaukee, WI. $46.7M funded across 92 businesses. Average rate 10.17%. Get matched free.

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Best Milwaukee, WI SBA Lenders & Rates of 2026

$46.7M
Total Funded

92
Loans Approved

$507K
Avg Loan Size

10.17%
Avg Interest Rate

30
Active Lenders

SBA Loans in Milwaukee, WI

Milwaukee, WI businesses received $46.7M in SBA 7(a) loan approvals across 92 businesses in 2025. With 30 active SBA lenders competing for business in Milwaukee, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Milwaukee is $507K, with rates averaging 10.17%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Milwaukee SBA Loans by Business Type

🚀 Startups
32%
$8.1M • 29 loans

🏢 Existing Businesses
53%
$16.7M • 49 loans

🔄 Acquisitions
15%
$21.9M • 14 loans

Top SBA Lenders in Milwaukee, WI (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Milwaukee businesses:

RankLenderVolumeLoansAvg Rate
1 First Internet Bank of Indiana$7.4M610.21%
2 Old National Bank$6.1M57.67%
3 Byline Bank$4.3M410.19%
4 Centerstone SBA Lending, Inc.$4.2M19.00%
5 Live Oak Banking Company$3.6M48.69%
6 Associated Bank, National Association$3.5M37.75%
7 The Huntington National Bank$2.5M89.69%
8 Waukesha State Bank$2.0M28.25%
9 Newtek Bank, National Association$1.7M512.40%
10 National Exchange Bank and Trust$1.5M28.00%
11 United FCU$1.4M29.63%
12 Truliant FCU$1.3M110.25%
13 Lendistry SBLC, LLC$995K110.50%
14 U.S. Bank, National Association$871K139.74%
15 Milwaukee Economic Development Corporation$767K37.25%
16 Peoples State Bank$750K110.00%
17 Wisconsin Women’s Business Initiative Corporation$730K711.86%
18 VelocitySBA, LLC$702K110.25%
19 Northeast Bank$557K510.85%
20 CenTrust Bank, A Division of SmartBiz Bank National Associat$500K110.25%
21 Readycap Lending, LLC$290K413.06%
22 JPMorgan Chase Bank, National Association$235K312.95%
23 Stone Bank$225K210.50%
24 BayFirst National Bank$162K212.25%
25 Ixonia Bank$150K18.50%
26 First Bank of the Lake$100K113.00%
27 Bank of Hope$100K110.00%
28 Celtic Bank Corporation$55K110.25%
29 PNC Bank, National Association$20K113.40%
30 Bank First, N.A.$10K18.50%

Top Industries in Milwaukee

Here are the industries that received the most SBA funding in Milwaukee:

SBA Loans in Wisconsin

Milwaukee is part of Wisconsin‘s SBA lending market. For statewide data and more lender options, see our full Wisconsin SBA Lenders guide.

🤝 Why Use an SBA Broker in Milwaukee?

GoSBA Loans helps Milwaukee businesses access the best SBA lenders:

  • Access 30+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Milwaukee
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Milwaukee SBA Loan

Our team has helped hundreds of Milwaukee businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Milwaukee? GoSBA Loans is a trusted SBA loan broker serving businesses in Milwaukee and across Wisconsin. Contact our Milwaukee SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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