Lender · SBA 7(a) record
Bank Five Nine
WI · lends in 44 states · 2,205 SBA loans since 2010, 445 in the last five years.
How fast they approve. Bank Five Nine made 84% of its recent SBA 7(a) loans under Preferred Lender (PLP) authority — it can approve them in-house without sending your file to the SBA to re-underwrite, which is the biggest single driver of how fast a loan closes. Why approval speed comes down to the lender.
What stands out about Bank Five Nine
vs every other SBA lenderIt leans into one industry. 24% of Bank Five Nine's loans go to offices of real estate agents and brokers — roughly 17× the share you would expect, so it clearly knows that business.
Borrowers here paid a median of prime + 1.58% — cheaper than the prime + 1.99% typical across lenders.
This read is built from 445 funded 7(a) loans over the last five fiscal years.
Will they talk to you?
loan sizes fundedThe spread of loan sizes tells you where this lender is comfortable. Ask for something far outside it and expect friction.
Do they fund businesses like yours?
last 5 yearsA lender who already knows your industry asks better questions and closes faster. One who doesn't will treat your file as an education.
Lends conservatively
0.61% charged off against 2.11% across all SBA lending. Clean books usually mean tight credit standards. Good rates if you fit their box, and a quick decline if you don't.
What rate people got
median markup over primeThe median borrower here paid prime + 1.58%. Compare that against what you have been quoted — the markup is the negotiable part, and most borrowers never try.
Their loans, year by year
cumulative % of dollars charged off| Approved | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | 0.3 | 0.5 | 2.6 | 2.6 | 2.6 |
| 2011 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 0.5 | 0.5 | 0.5 |
| 2012 | 0.0 | 0.0 | 0.0 | 0.5 | 1.2 | 2.3 | 2.3 | 2.3 | 3.2 | 4.5 |
| 2013 | 0.0 | 0.0 | 0.1 | 0.5 | 0.8 | 1.0 | 1.0 | 1.1 | 1.1 | 1.2 |
| 2014 | 0.0 | 0.0 | 0.1 | 0.3 | 1.3 | 2.3 | 2.3 | 2.3 | 2.4 | 3.8 |
| 2015 | 0.0 | 0.0 | 0.1 | 0.1 | 0.6 | 0.6 | 0.6 | 0.7 | 1.1 | 1.1 |
| 2016 | 0.0 | 0.1 | 0.1 | 0.1 | 1.4 | 2.4 | 2.4 | 3.4 | 3.7 | · |
| 2017 | 0.0 | 0.2 | 0.2 | 0.4 | 0.4 | 0.4 | 1.2 | 1.2 | · | · |
| 2018 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | · | · | · |
| 2019 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · |
| 2020 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · | · |
| 2021 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · |
| 2022 | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · | · |
| 2023 | 0.0 | 0.0 | · | · | · | · | · | · | · | · |
| 2024 | 0.0 | · | · | · | · | · | · | · | · | · |
| 2025 | · | · | · | · | · | · | · | · | · | · |
| 2026 | · | · | · | · | · | · | · | · | · | · |
Each row is one year's lending. Read down a column to compare years at the same age — that is the only fair comparison, because losses take three to five years to appear and a fast-growing lender always looks clean on a raw average.
What this page cannot tell you
Federal records show what was approved, not how long it took, how the bank communicated, or whether your loan officer returned calls. Ask any lender directly: are you a preferred lender, how many deals like mine did you close last year, and who underwrites it.
Check your eligibility first → Decode what they say to you →
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Common questions
Does Bank Five Nine make SBA startup and acquisition loans?
Yes — its recent SBA 7(a) record includes 261 startups, 174 franchise loans, 155 commercial real-estate loans, 64 business acquisitions. If your deal is one of these, it has funded that kind of loan many times before. See how it ranks for your exact deal.
What is the smallest SBA loan Bank Five Nine will make?
Its practical minimum — the 5th percentile of what it has actually funded — is about $100,000, and the typical (median) Bank Five Nine loan is $420,000. If your loan is well below its practical minimum, it is unlikely to be interested however strong your file.
What interest rate do Bank Five Nine SBA borrowers get?
On variable-rate loans, recent Bank Five Nine borrowers paid a median of prime + 1.58%. The markup over prime is the negotiable part of any SBA quote. Check a rate you have been quoted.
What states does Bank Five Nine lend in?
Most of Bank Five Nine's recent SBA lending is concentrated in Texas, Wisconsin, Florida, among 20 states in total. Compare lenders by state.