# Small business loans in Kenosha, WI

**Short answer:** The most active SBA lenders in Kenosha, WI since FY2024 are U.S. Bank (13 loans) and Community State Bank (5). The median loan was $150,000, and half fell between $50,000 and $324,250. For free help, see the Wisconsin Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/wisconsin-small-business-loans/kenosha/
Data as of: 2026-06-30

## Lenders making SBA loans in Kenosha

U.S. Bank made the most loans in Kenosha, 28% of the total. The four largest lenders together made 61%.

**Lenders with five or more SBA loans in Kenosha, WI, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/wisconsin/) | 13 | 28.3% |
| [Community State Bank](https://www.sbaexpress.loans/sba-express-lenders/community-state-bank/) | 5 | 10.9% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/wisconsin/) | 5 | 10.9% |
| [Wisconsin Women's Business Initiative](https://www.sbaexpress.loans/sba-express-lenders/wisconsin-women-s-business-initiative/): Non-bank lender | 5 | 10.9% |

Share is the percent of all Kenosha loans in that period. Each name links to that lender's page for Wisconsin where one exists.

Kenosha has four lenders with five or more loans since FY2024. Others had fewer, and the Wisconsin page counts 207 lenders with at least one approved loan statewide.

## Local help near Kenosha

Kenosha borrowers can start with SBA's district office for Wisconsin, an SBDC or SCORE.

41% of Kenosha borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA has one district office for Wisconsin. Its page points to state and federal resources and to lenders in the area. The Wisconsin Small Business Development Center gives free counseling across Wisconsin.

- [SBA Wisconsin District Office: SBA district office](https://www.sba.gov/district/wisconsin)
- [Wisconsin Small Business Development Center: Small Business Development Center](https://wisconsinsbdc.org/)
- [SCORE mentors in Wisconsin: Business mentoring](https://www.score.org/wi/)

Alongside SBA loans, Wisconsin runs four loan programs. The [Wisconsin page](https://www.sbaexpress.loans/wisconsin-small-business-loans/#loan-programs-in-wisconsin) describes each, and the official pages are linked here.

- [WHEDA Wisconsin Small Business Guarantee](https://www.wheda.com/lending-partnerships/business-lending/business-financing-products)
- [WHEDA Participation Lending Program](https://www.wheda.com/lending-partnerships/business-lending/business-financing-products)
- [WHEDA SBA 504 bridge financing](https://www.wheda.com/lending-partnerships/business-lending/business-financing-products)
- [WEDC Technology Development Loans](https://wedc.org/programs/technology-development-loans/)

## Loan counts and sizes in Kenosha

Kenosha ranks 8th by loans since FY2024 among the 9 Wisconsin cities with 100 or more SBA loans since FY2020. Nationally it is the 550th busiest of the 580 cities that reach 100 loans.

The 46 loans, 1.8% of the 2,534 in Wisconsin, were approved for $16.4 million in all. The median loan was $150,000, close to the national median of $150,300. Half of the loans fell between $50,000 and $324,250. The Kenosha median is 27% below the Wisconsin median of $204,500.

**Kenosha, WI compared with Wisconsin and the nation, loans from FY2024 to June 2026**

| Measure | Kenosha | Wisconsin | U.S. |
| --- | --- | --- | --- |
| Loans | 46 | 2,534 | 162,355 |
| Median loan | $150,000 | $204,500 | $150,300 |
| 25th percentile | $50,000 | $75,000 | $50,000 |
| 75th percentile | $324,250 | $500,725 | $500,000 |
| Via SBA Express | 28.3% | 32.0% | 35.8% |
| Lines of credit | 15.2% | 23.9% | 28.1% |
| Startups | 10.9% | 18.4% | 16.1% |
| Ownership changes | 10.9% | 17.7% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.62 | 2.25 | 2.75 |
| Charged off | 0.0% | 2.1% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

28.3% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 15.2% of loans, below the national 28.1%.

SBA loans in Kenosha, WI by size, FY2024 to June 2026

- $50,000 or less (30%): 14
- $50,001 to $150,000 (24%): 11
- $150,001 to $350,000 (22%): 10
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000 (11%): 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 47.8% of loans went to businesses more than two years old and 30.4% to businesses two years old or younger. Startups received 10.9% and changes of ownership 10.9%. The national startup share is 16.1%.

SBA loans in Kenosha, WI by fiscal year

- FY2020: 15
- FY2021: 20
- FY2022: 13
- FY2023: 18
- FY2024: 17
- FY2025: 20
- FY2026 (through June 30): 9

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 18% from FY2024 (17 loans) to FY2025 (20), the two latest full years. The busiest full year in the file was FY2021, with 20 loans. FY2026 already shows 9 loans through June 30.

Of the 48 loans Kenosha borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 382 jobs supported across the 46 loans since FY2024, about 8.3 per loan. SBA does not audit these estimates.

## What businesses in Kenosha borrow for

Full-Service Restaurants was the largest borrower group in Kenosha since FY2020, with 6 loans or 5.4% of the total.

**Industries with the most SBA loans in Kenosha, WI, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/wisconsin/) | 6 | 5.4% | 4.6% |
| [General Automotive Repair](https://www.sbaexpress.loans/industries/general-automotive-repair/) | 5 | 4.5% | 1.5% |

Share is the percent of all Kenosha loans in that period. Industry is the NAICS code on each loan. A name links to the Wisconsin page for that industry where one exists.

## A typical loan payment in Kenosha

The median Kenosha loan was $150,000 with a median term of 10 years.

The median variable-rate loan in Kenosha was priced at Prime plus 2.62 percentage points at approval. At today's Prime that spread works out to 9.62%. On $150,000 over 10 years, principal and interest would come to about $1,951 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Kenosha loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $650 |
| Median loan | $150,000 | $1,951 |
| 75th percentile loan | $324,250 | $4,217 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.4 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Kenosha loans approved since FY2024 had a median starting rate of 9.99% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Kenosha

Kenosha has 7 SBA 504 loans since FY2024, with $8.5 million in SBA and CDC dollars.

The median 504 loan in Kenosha was $739,000 in SBA and CDC dollars, 15% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

WBD, Inc. is the one Certified Development Company (CDC) named on five or more loans, 9 since FY2020.

**CDCs named on five or more 504 loans in Kenosha, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| WBD, Inc. | 9 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Wisconsin cities near Kenosha

Kenosha made up 1.8% of Wisconsin's SBA loans since FY2024.

Kenosha is one of 9 Wisconsin cities with 100 or more SBA loans since FY2020. The [Wisconsin page](https://www.sbaexpress.loans/wisconsin-small-business-loans/) covers all 2,534 loans in Wisconsin. The closest come first, ranked by county and ZIP code on their loans.

- [Waukesha: 62 loans, median $201,000](https://www.sbaexpress.loans/wisconsin-small-business-loans/waukesha/)
- [Sheboygan: 35 loans, median $175,300](https://www.sbaexpress.loans/wisconsin-small-business-loans/sheboygan/)
- [Milwaukee: 268 loans, median $150,000](https://www.sbaexpress.loans/wisconsin-small-business-loans/milwaukee/)
- [Brookfield: 54 loans, median $193,500](https://www.sbaexpress.loans/wisconsin-small-business-loans/brookfield/)
- [Madison: 129 loans, median $250,000](https://www.sbaexpress.loans/wisconsin-small-business-loans/madison/)
- [Green Bay: 75 loans, median $250,000](https://www.sbaexpress.loans/wisconsin-small-business-loans/green-bay/)
- [Eau Claire: 68 loans, median $296,700](https://www.sbaexpress.loans/wisconsin-small-business-loans/eau-claire/)
- [Appleton: 70 loans, median $190,250](https://www.sbaexpress.loans/wisconsin-small-business-loans/appleton/)

## Common questions about SBA loans in Kenosha

### Which lenders make the most SBA loans in Kenosha?

U.S. Bank leads with 13 loans in Kenosha since FY2024. Community State Bank (5) and The Huntington National Bank (5) follow. Only lenders with five or more Kenosha loans are counted.

### Which industries get SBA loans in Kenosha?

Full-Service Restaurants leads with 6 loans in Kenosha since FY2020. General Automotive Repair (5) follows.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Wisconsin District Office](https://www.sba.gov/district/wisconsin)
- [Wisconsin Small Business Development Center](https://wisconsinsbdc.org/)
- [SCORE, Wisconsin](https://www.score.org/wi/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)