WISCONSIN · NAICS NAICS 6211, 6212
Wisconsin medical and dental acquisitions routinely cross the $250,000 goodwill threshold that triggers an independent going-concern appraisal. Practice values across the Milwaukee and Madison markets keep most acquisitions above the appraisal threshold, and WBD's named book reaches the sector directly through a Northwoods dental practice.
FEASIBILITY TRIGGER
Acquisitions routinely cross the $250,000 goodwill threshold triggering an independent going-concern appraisal; startups and relocations are projection-based.
From FY2010 through FY2026, Wisconsin recorded 337 SBA-disbursed medical and dental practice loans across the 7(a) and 504 programs, representing $208.9 million in approved financing at an average loan size of $620,000. The state sits at rank #24 of 38 for medical and dental practice SBA lending volume and holds 1.2% of the national medical and dental practice dollar pool. 7(a) accounts for 79.5% of the count, 504 for the rest, with 26 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 337 |
| Approved volume | $208.9 million |
| Average loan size | $620,000 |
| 7(a) share | 79.5% |
| Approvals since FY2024 | 26 |
| State rank by loan count | #24 of 38 |
Among the 281 seasoned loans in this segment (approvals FY2010–FY2021), 2.1% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for medical and dental practice is 3.7%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 2.1% adverse-resolution rate below the national medical and dental practice benchmark of 3.7% supports the credit story for well-underwritten Wisconsin projects in this class. Across 337 SBA loans averaging $620,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Wisconsin medical and dental practices 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.
Wisconsin practice values across the Milwaukee and Madison markets keep most acquisitions above the appraisal threshold, and WBD's named book reaches the sector directly.
For a national view of this asset class, see our medical and dental practice SBA feasibility overview, and read our related analysis in the medical and dental practice lending research on our blog.
Compare neighboring markets: West Virginia, Wyoming, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 through WBD Inc.
Dental practice, program evidence
Wisconsin
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