WISCONSIN · NAICS 713930
Wisconsin marina and boat storage deals run along Lake Michigan, Lake Winnebago, and the Northwoods lake chains, one of the deepest freshwater boating economies in the country. Lender packages turn on a credible model of slip mix, seasonal storage, and heated indoor winter storage that carries the model through the frozen months, with elevated equity expected under the SOP.
FEASIBILITY TRIGGER
Marinas are on the SOP 50 10 8 special-purpose list, so a third-party study is normally required with an industry-experienced going-concern appraiser and elevated equity.
Wisconsin generated 14 SBA-disbursed marina and boat storage loans between FY2010 and FY2026, worth $10.2 million in approved 7(a) and 504 financing at an average of $725,000 per deal. Ranked #6 of 38 states for marina and boat storage SBA volume, the state captures 2.5% of national marina and boat storage dollars. 57.1% of the loans ran through 7(a) with 504 covering the remainder; 0 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 14 |
| Approved volume | $10.2 million |
| Average loan size | $725,000 |
| 7(a) share | 57.1% |
| Approvals since FY2024 | 0 |
| State rank by loan count | #6 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned marina and boat storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 3.0%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 3.0%, close to the national marina and boat storage benchmark of 3.0%, puts Wisconsin deals in this class on ordinary SBA credit footing. Across 14 loans averaging $725,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Wisconsin marinas and boat storage project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Wisconsin projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Lake Michigan, Lake Winnebago, and the Northwoods lake chains give Wisconsin one of the deepest freshwater boating economies in the country, where heated indoor winter storage carries the model through the frozen months.
For a national view of this asset class, see our marina and boat storage SBA feasibility overview, and read our related analysis in the marina and boat storage lending research on our blog.
Compare neighboring markets: West Virginia, Wyoming, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 acquisition through PeopleFund
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SBA 504 refinance with cash-out through TMC Financing and First Bank
Marina property, national program evidence
Alameda, Alameda County, California
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
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