Nicolet National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Nicolet National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 64 | $28.1M | $439K | 3.4% |
| 722410 | Drinking Places (Alcoholic Beverages) | 50 | $14.8M | $295K | 2.6% |
| 812112 | Beauty Salons | 38 | $6.7M | $178K | 2.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 37 | $36.5M | $987K | 1.9% |
| 811111 | General Automotive Repair | 36 | $8.6M | $238K | 1.9% |
| 713940 | Fitness and Recreational Sports Centers | 35 | $8.6M | $245K | 1.8% |
| 722513 | Limited-Service Restaurants | 32 | $11.7M | $367K | 1.7% |
| 621310 | Offices of Chiropractors | 29 | $3.4M | $119K | 1.5% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 25 | $12.9M | $515K | 1.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 22 | $6.3M | $286K | 1.2% |
Geographic Distribution
SBA lending activity for Nicolet National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 864 | $320.3M | 45.4% |
| Michigan (MI) | 242 | $147.7M | 12.7% |
| Minnesota (MN) | 311 | $117.4M | 16.4% |
| Iowa (IA) | 391 | $97.6M | 20.6% |
| Colorado (CO) | 65 | $63.7M | 3.4% |
| Missouri (MO) | 4 | $4.5M | 0.2% |
| Florida (FL) | 9 | $3.9M | 0.5% |
| Illinois (IL) | 7 | $3.3M | 0.4% |
| Arizona (AZ) | 3 | $725K | 0.2% |
| Indiana (IN) | 2 | $642K | 0.1% |
| Utah (UT) | 2 | $379K | 0.1% |
| New York (NY) | 1 | $300K | 0.1% |
| Ohio (OH) | 1 | $145K | 0.1% |
Why Choose Nicolet National Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 1,902 SBA loans approved, totaling $760.6M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Drinking Places (Alcoholic Beverages), Beauty Salons
- ✓Competitive Terms: Average interest rate of 6.20% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $400K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in WI, IA, MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Nicolet National Bank SBA lending
What types of businesses does Nicolet National Bank typically finance?
Nicolet National Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, drinking places (alcoholic beverages), beauty salons, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Nicolet National Bank's typical SBA loan terms?
Nicolet National Bank's SBA 7(a) loans typically feature an average interest rate of 6.20% and average term length of 135 months (approximately 11 years). Loan sizes range from $5K to $5.0M, with an average loan size of $400K.
Do I need a business valuation for a Nicolet National Bank SBA loan?
Yes, Nicolet National Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Nicolet National Bank compare to other SBA lenders?
Nicolet National Bank has originated 1,902 SBA loans totaling $760.6M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Nicolet National Bank lend in?
Nicolet National Bank provides SBA 7(a) financing with particularly strong presence in WI, IA, MN, MI, CO. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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