Forward Bank
Headquartered in MARSHFIELD, WI. Analysis based on 54 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $11.2M.
Total 7(a) loans
54
Total approved
$11.2M
Average loan
$207K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
22.22%
Average rate
6.49%
Average term
152 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 6 |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 3 |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 3 |
| 238910 | Site Preparation Contractors | 2 |
| 484110 | General Freight Trucking, Local | 2 |
| 524210 | Insurance Agencies and Brokerages | 2 |
| 323111 | Commercial Gravure Printing | 2 |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 |
| 812112 | Beauty Salons | 2 |
| 561730 | Landscaping Services | 2 |
Top 10 states
| State | Loans |
|---|---|
| WI | 53 |
| MN | 1 |
Top franchise brands financed
2 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| Pizza Ranch | 1 |
| Board & Brush Creative Studios | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.