Nicolet National Bank
Nicolet National Bank is a Wisconsin-based community bank and the second-largest Wisconsin-based bank, operating over 50 locations throughout Wisconsin, Michigan, and Minnesota. The bank offers comprehensive personal, business, and agricultural banking services including checking accounts, home mortgages, wealth management, and commercial banking solutions. Founded in 2000 by Bob Atwell and Mike Daniels, Nicolet focuses on community banking principles.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (35 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Nicolet National Bank ranks #151 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Nicolet National Bank’s 7(a) acquisition lending falls in the $0-$500K range: 14 loans, 40.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 14 | 40.0% | |
| $500K-$1M | 12 | 34.3% | |
| $1M-$2M | 6 | 17.1% | |
| $2M-$3M | 3 | 8.6% |
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
3
loans
$1.9M
avg. amount
Full-Service Restaurants
3
loans
$292K
avg. amount
Drinking Places (Alcoholic Beverages)
2
loans
$713K
avg. amount
Other Individual and Family Services
2
loans
$1.2M
avg. amount
General Automotive Repair
2
loans
$291K
avg. amount
Snack and Nonalcoholic Beverage Bars
2
loans
$244K
avg. amount
Other Building Material Dealers
1
loans
$700K
avg. amount
Hobby, Toy, and Game Retailers
1
loans
$159K
avg. amount
Industrial Design Services
1
loans
$480K
avg. amount
Ophthalmic Goods Merchant Wholesalers
1
loans
$913K
avg. amount
10-Year
0.7%
Percentile Ranking
83th
83th percentile
Nicolet National Bank’s median variable rate is + 1.88%, against a market median of Prime + 1.88%, 0 above market.
It priced below the market median in 3 of the last 4 quarters. 21 of the 35 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.31% |
| $500K-$1M | Prime + 1.80% |
| $1M-$2M | Prime + 1.25% |
| $2M-$3M | Prime + 2.00% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '20 | Prime + 1.25% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q2 '21 | Prime + 1.31% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 4 |
| Q3 '21 | Prime + 1.63% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 6 |
| Q2 '25 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
Nicolet National Bank has originated 7(a) acquisition loans in 5 states, most actively in Wisconsin (23), Iowa (5) and Colorado (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Wisconsin | 23 | 65.7% |
| Iowa | 5 | 14.3% |
| Colorado | 4 | 11.4% |
| Minnesota | 2 | 5.7% |
| Michigan | 1 | 2.9% |
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