Wisconsin has 516,000 small businesses employing 1.2 million workers — 47.9 percent of the state's private workforce, one of the higher SMB employment shares in the Midwest. In FY2024, Wisconsin small businesses received 1,287 SBA 7(a) loans totaling $537 million, with an average loan size of approximately $417,000. Wisconsin's SMB economy is anchored by manufacturing (particularly food processing, printing, and industrial equipment), healthcare, and a diverse professional services sector concentrated in Milwaukee and Madison.