Nicolet National Bank

Headquartered in Green Bay, WInicoletbank.com$15.5B in assetsFounded 2000117 officesData: SBA 7(a) FOIA file

Loans: 21
Approved: $18M
Median deal: $512,100
Median rate: 9.00%
Charged off: 1.00%

Charge-off means SBA wrote the loan off as a loss. The rate covers the FY2020-22 approval cohort, not the window above, because recent loans have had less time to go bad, and is shown only for lenders with 100 or more cohort loans. Charge-off rates across all 31 lenders

Loans per fiscal year

FY2026 is partial: 5 loans approved through June 30, 2026.

Loans per fiscal year
Fiscal year	Loans
FY2020	32
FY2021	38
FY2022	30
FY2023	21
FY2024	14
FY2025	16
FY2026 (partial year, through June 30, 2026)	5

How they lend

Across 21 change-of-ownership loans, FY2025 to FY2026 Q3.

Acquisition share of their 7(a) lending

Acquisitions 156 (26.3%)Other purposes 437 (73.7%)

Their full 7(a) book since FY2020 is 593 loans. Every other figure on this page counts the 156 acquisition loans only.

Initial rate structure

Variable 52.38%Fixed 47.62%

Middle half of rates: 7.50% to 9.25%
Typical margin over Prime: Prime + 2.00% at approval (11 variable loans)
Median term: 120 months
Collateral reported: 100.00% of loans
Sold on the secondary market: 33.33% of loans
Franchise loans: 14.29% of loans
Approval to first disbursement: 9 days (n = 19)

Processing method

Preferred Lenders Program		76.19%
7a General		14.29%
SBA Express Program		9.52%

SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.

What they fund

Industries and deal sizes across 21 change-of-ownership loans, FY2025 to FY2026 Q3.

Top industries

Manufacturing		23.81%
Other Services (except Public Administration)		19.05%
Retail Trade		19.05%
Accommodation and Food Services		9.52%
Health Care and Social Assistance		9.52%

Deal size mix

Under $350K 28.57%$350K to $1M 33.33%$1M to $3.5M 38.10%$3.5M+ 0.00%

Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.

Where they lend

Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.

Wisconsin13 loans
Colorado3 loans
Iowa3 loans
Minnesota2 loans

Grouped by ProjectState. State names link to the state lender pages where one exists.

Run a deal at these rates

The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.

Open the deal analyzer

The full lender directory

Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.

Browse all lenders

Source: SBA 7(a) FOIA file, change-of-ownership loans for Nicolet National Bank. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.