Best SBA Lenders in Madison, WI (2026)
2025 FOIA data: top lenders, rates & industries for Madison SBA loans
SBA Loans in Madison, Wisconsin
Looking for an SBA loan in Madison, Wisconsin? Based on 2025 FOIA data, 63 SBA 7(a) loans were funded in Madison totaling $22.7M, supporting an estimated 781 jobs. With 29 active lenders competing for business in the Madison market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Madison is $360K at an average rate of 9.74%. The top lender in Madison is Live Oak Banking Company, with the most-funded industry being Analytical Laboratory Instrument Manufacturing. See all Wisconsin SBA lenders for statewide rankings.
SBA Loans in Madison by Business Type
Whether you’re starting a new business in Madison, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 30% of SBA loans in Madison (17 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 7% (6 loans) — if you’re looking to buy a business in Madison, this is a proven use case for SBA financing. Existing businesses make up 51% and typically receive the most favorable terms.
Top SBA Lenders in Madison, WI (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Madison businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | $4.4M | 4 | 9.32% |
| 2 | First American Bank | $3.0M | 1 | 8.5% |
| 3 | Lake Ridge Bank | $1.5M | 5 | 8.77% |
| 4 | Peoples State Bank | $1.4M | 1 | 9.75% |
| 5 | Summit CU | $1.3M | 6 | 8.75% |
| 6 | Wings Financial CU | $1.1M | 3 | 7.83% |
| 7 | Readycap Lending, LLC | $1.1M | 3 | 11.58% |
| 8 | The Huntington National Bank | $946K | 4 | 10% |
| 9 | BMO Bank National Association | $856K | 2 | 6.64% |
| 10 | Byline Bank | $845K | 2 | 11.12% |
The top lenders in Madison have direct experience with local businesses and understand the Madison market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Madison and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Madison
One 5-minute application. 29+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Madison
These are the industries that received the most SBA 7(a) funding in Madison in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Analytical Laboratory Instrument Manufacturing | 1 | $3.0M |
| Veterinary Services | 1 | $2.0M |
| Offices of Real Estate Agents and Brokers | 2 | $1.9M |
| Photography Studios, Portrait | 1 | $1.4M |
| Fitness and Recreational Sports Centers | 3 | $1.1M |
| Residential Remodelers | 5 | $1.1M |
| Offices of Mental Health Practitioners (except Physicians) | 3 | $1.0M |
| Limited-Service Restaurants | 2 | $879K |
| Plumbing, Heating, and Air-Conditioning Contractors | 2 | $814K |
| All Other Amusement and Recreation Industries | 3 | $674K |
Lenders with experience funding your specific industry in Madison understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Madison
Option 1: Apply directly to one of the top Madison lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Madison-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
