STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
217
2010–2025
Total Volume
$47M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
217 total segments
Forward Bank has a strong focus on startups, with 73% of their deals going to new businesses. This makes them a great option if you're launching a new venture.
With an average 7(a) spread of P+1.79%, Forward Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest.
Despite their strong startup focus, Forward Bank's growth trend shows a 50% decline in deals year-over-year. This could indicate a tightening in lending practices, so be prepared for a potentially rigorous approval process.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 12 504 loans, which use fixed SBA debenture rates.
States where Forward Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Transportation & Warehousing
Transportation & Warehousing
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Agriculture & Forestry
Agriculture & Forestry
Building Construction
Construction
Administrative & Waste Services
Administrative & Waste Services
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Forward Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Wisconsin · Transportation & Warehousing · Under $150K | 7(a) | 23 | P+2.00% | $70K | Q3 2025 |
| Wisconsin · Manufacturing · Under $150K | 7(a) | 15 | P+2.00% | $56K | Q1 2023 |
| Wisconsin · Specialty Trade Contractors · Under $150K | 7(a) | 14 | P+1.75% | $69K | Q1 2022 |
| Wisconsin · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.25% | $54K | Q2 2022 |
| Wisconsin · Administrative & Waste Services · Under $150K | 7(a) | 8 | P+2.37% | $55K | Q2 2022 |
| Wisconsin · Personal Care (Salons, Spas) · Under $150K | 7(a) | 6 | P+2.13% | $47K | Q3 2021 |
| Wisconsin · Restaurants & Food Service · $150K – $350K | 7(a) | 6 | P+1.75% | $235K | Q1 2023 |
| Wisconsin · General Merchandise · Under $150K | 7(a) | 6 | P+2.38% | $59K | Q3 2020 |
| Wisconsin · Agriculture & Forestry · $150K – $350K | 7(a) | 6 | P+2.00% | $240K | Q4 2017 |
| Wisconsin · Building Construction · Under $150K | 7(a) | 6 | P+2.75% | $83K | Q4 2023 |
| Wisconsin · Information & Media · Under $150K | 7(a) | 5 | P+2.00% | $58K | Q2 2020 |
| Wisconsin · Real Estate · $150K – $350K | 7(a) | 4 | P+1.63% | $289K | Q2 2023 |
| Wisconsin · Transportation & Warehousing · $150K – $350K | 7(a) | 4 | P+1.63% | $190K | Q3 2019 |
| Wisconsin · Engineering & Architecture · Under $150K | 7(a) | 4 | P+1.88% | $73K | Q3 2020 |
| Wisconsin · Wholesale Trade · Under $150K | 7(a) | 4 | P+2.25% | $43K | Q1 2017 |
| Wisconsin · Agriculture & Forestry · Under $150K | 7(a) | 4 | P+1.80% | $88K | Q3 2023 |
| Wisconsin · Social Assistance · Under $150K | 7(a) | 4 | P+1.50% | $30K | Q4 2018 |
| Wisconsin · Specialty Trade Contractors · $350K – $500K | 7(a) | 3 | P+1.00% | $443K | Q3 2022 |
| Wisconsin · Manufacturing · $150K – $350K | 7(a) | 3 | P+2.00% | $198K | Q3 2012 |
| Wisconsin · Retail Trade · Under $150K | 7(a) | 3 | P+2.75% | $46K | Q1 2016 |
| Wisconsin · Other Health Practitioners · Under $150K | 7(a) | 2 | P+2.00% | $83K | Q1 2018 |
| Wisconsin · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+0.75% | $345K | Q4 2022 |
| Wisconsin · Nursing & Residential Care · Under $150K | 7(a) | 2 | P+1.50% | $10K | Q3 2019 |
| Wisconsin · Nursing & Residential Care · $150K – $350K | 7(a) | 2 | P+1.50% | $289K | Q3 2019 |
| Wisconsin · Wholesale Trade · $150K – $350K | 7(a) | 2 | P+1.55% | $250K | Q3 2024 |
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