| $150,000–350,000 | LIZERSCAPES INC. | Green Bay, WI | Nicolet National Bank |
| $150,000–350,000 | LIZERSCAPES, INC. | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | LOCK CITY MANUFACTURING COMPANY | SAULT SAINTE MARIE, MI | Nicolet National Bank |
| $150,000–350,000 | LOCY ELECTRIC LLC | APPLETON, WI | Nicolet National Bank |
| $350,000–1 million | LONE OAK STORE LLC | Saint Paul, MN | Nicolet National Bank |
| $350,000–1 million | LONE OAK STORE LLC | EAGAN, MN | Nicolet National Bank |
| $150,000–350,000 | LOOKING FORWARD LLC | DORCHESTER, WI | Nicolet National Bank |
| $1–2 million | LOOS MACHINE & AUTOMATION, LLC | COLBY, WI | Nicolet National Bank |
| $350,000–1 million | LOYALITY INC. | Green Bay, WI | Nicolet National Bank |
| $350,000–1 million | LOYALTY, INC. | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | LUD'S NORTHSIDE RESTAURANT INC | Alpena, MI | Nicolet National Bank |
| $150,000–350,000 | LYNN AUTO PARTS, INC. | SAULT SAINTE MARIE, MI | Nicolet National Bank |
| $150,000–350,000 | M&M HOME CONTRACTORS INC | COLOGNE, MN | Nicolet National Bank |
| $1–2 million | M2 LOGISTICS, INC. | GREEN BAY, WI | Nicolet National Bank |
| $350,000–1 million | M2M MACHINING, INC. | MUKWONAGO, WI | Nicolet National Bank |
| $1–2 million | MACCO'S COMMERCIAL INTERIORS, INC. | GREEN BAY, WI | Nicolet National Bank |
| $350,000–1 million | MACCOS FLOOR COVERING CENTER I | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MACHINE+ LLC | DE PERE, WI | Nicolet National Bank |
| $150,000–350,000 | MACHT VILLAGE PROGRAMS INC. | De Pere, WI | Nicolet National Bank |
| $150,000–350,000 | MACHT VILLAGE PROGRAMS, INC. | DE PERE, WI | Nicolet National Bank |
| $1–2 million | MACKINAW VVV INC | Mackinaw City, MI | Nicolet National Bank |
| $1–2 million | MACKINAW VVV INC | MACKINAW CITY, MI | Nicolet National Bank |
| $350,000–1 million | MACKINAWS LLC | Green Bay, WI | Nicolet National Bank |
| $150,000–350,000 | MACKINAWS, LLC | GREEN BAY, WI | Nicolet National Bank |
| $350,000–1 million | MADISON FINANCIAL ADVISORS, LTD. | CINCINNATI, OH | Nicolet National Bank |
| $350,000–1 million | MAGREGOR TRANSPORTATION SERVIC | MANITOWOC, WI | Nicolet National Bank |
| $150,000–350,000 | MAHR BROTHERS, LLC | STANLEY, WI | Nicolet National Bank |
| $150,000–350,000 | MAJESTIC CROSSING DAIRY LLC | SHEBOYGAN FALLS, WI | Nicolet National Bank |
| $150,000–350,000 | MAKOVSKY BRUSH SERVICE, LLC | PRENTICE, WI | Nicolet National Bank |
| $350,000–1 million | MANDERFIELD'S HOME BAKERY INC. | Appleton, WI | Nicolet National Bank |
| $350,000–1 million | MANDERFIELDS HOME BAKERY INC | APPLETON, WI | Nicolet National Bank |
| $150,000–350,000 | MANISTIQUE PHARMACEUTICALS INC. | MANISTIQUE, MI | Nicolet National Bank |
| $150,000–350,000 | MANITOWOC HEATING & REFRIGERATION SERVICES, INC. | MANITOWOC, WI | Nicolet National Bank |
| $150,000–350,000 | MAP RETIREMENT, INC. | APPLETON, WI | Nicolet National Bank |
| $150,000–350,000 | MARBLE'S GUN SIGHTS INC | GLADSTONE, MI | Nicolet National Bank |
| $150,000–350,000 | MARIOMAX SALON INC. | West Bloomfield, MI | Nicolet National Bank |
| $150,000–350,000 | MARIOMAX SALON, INC. | WEST BLOOMFIELD, MI | Nicolet National Bank |
| $150,000–350,000 | MARITIME PLUMBING & MECHANICAL LLC | Manitowoc, WI | Nicolet National Bank |
| $150,000–350,000 | MARITIME PLUMBING AND MECHANICAL, LLC | MANITOWOC, WI | Nicolet National Bank |
| $350,000–1 million | MARQUETTE MOUNTAIN RESORT LLC | MARQUETTE, MI | Nicolet National Bank |
| $150,000–350,000 | MARQUETTE REHABILITATION & SPORTS MEDICINE CENTER PC | Marquette, MI | Nicolet National Bank |
| $150,000–350,000 | MARQUETTE REHABILITATION & SPORTS MEDICINE CENTER PC | MARQUETTE, MI | Nicolet National Bank |
| $1–2 million | MARTELL CONSTRUCTION INC. | Green Bay, WI | Nicolet National Bank |
| $1–2 million | MARTELL CONSTRUCTION, INC. | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MARTENSON & EISELE, INC. | MENASHA, WI | Nicolet National Bank |
| $150,000–350,000 | MASA-USA, LLC | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MAYER & MEIER LLC | PRESCOTT VALLEY, AZ | Nicolet National Bank |
| $150,000–350,000 | MAZZALI INSURANCE AGENCY INC | MUNISING, MI | Nicolet National Bank |
| $350,000–1 million | MCCABE CONSTRUCTION INC | EAU CLAIRE, WI | Nicolet National Bank |
| $150,000–350,000 | MCCORMICK INDUSTRIES LLC | Appleton, WI | Nicolet National Bank |
| $350,000–1 million | MCDONOUGH MANUFACTURING COMPANY | Eau Claire, WI | Nicolet National Bank |
| $2–5 million | MCMAHON ASSOCIATES, INC. | NEENAH, WI | Nicolet National Bank |
| $150,000–350,000 | MCMULLEN & PITZ CONSTRUCTION COMPANY | MANITOWOC, WI | Nicolet National Bank |
| $150,000–350,000 | MEAT PROCESSORS INC. | Green Bay, WI | Nicolet National Bank |
| $150,000–350,000 | MEAT PROCESSORS, INC. | GREEN BAY, WI | Nicolet National Bank |
| $350,000–1 million | MEDICAL ARTS COMPLEX DENTAL CENTER S.C. | Green Bay, WI | Nicolet National Bank |
| $350,000–1 million | MEDICAL ARTS COMPLEX DENTAL CENTER, S.C. | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MEISSNER LANDSCAPE, INC. | STURGEON BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MERRY-WATER FARMS, INC. | LAKE GENEVA, WI | Nicolet National Bank |
| $350,000–1 million | METKO INC | New Holstein, WI | Nicolet National Bank |
| $350,000–1 million | METKO, INC. | NEW HOLSTEIN, WI | Nicolet National Bank |
| $150,000–350,000 | MEYER'S EQUIPMENT MANUFACTURING CORPORATION | DORCHESTER, WI | Nicolet National Bank |
| $150,000–350,000 | MICHIGAN GUTTERS, INC. | TRAVERSE CITY, MI | Nicolet National Bank |
| $150,000–350,000 | MICHIGAN WOOD CARRIERS, INC. | VANDERBILT, MI | Nicolet National Bank |
| $150,000–350,000 | MICOLEY.COM LLC | GREEN BAY, WI | Nicolet National Bank |
| $150,000–350,000 | MICOLEY.COM LLC | Green Bay, WI | Nicolet National Bank |
| $350,000–1 million | MID VALLEY INDUSTRIAL SERVICES, INC. | HORTONVILLE, WI | Nicolet National Bank |
| $2–5 million | MID-AMERICAN GUNITE, INC. | NEWPORT, MI | Nicolet National Bank |
| $150,000–350,000 | MID-AMERICAN INSPECTION SERVICE INC | Gaylord, MI | Nicolet National Bank |
| $150,000–350,000 | MIDWEST CABLE MAINTENANCE OF WISCONSIN INC | NEW RICHMOND, WI | Nicolet National Bank |
| $150,000–350,000 | MIDWEST CABLE MAINTENANCE OF WISCONSIN INC. | New Richmond, WI | Nicolet National Bank |
| $150,000–350,000 | MIDWEST REAL ESTATE DEVELOPMENT, LLC | OSHKOSH, WI | Nicolet National Bank |
| $350,000–1 million | MIDWEST REALTY MANAGEMENT, INC. | OSHKOSH, WI | Nicolet National Bank |
| $350,000–1 million | MIDWEST SPECIALTY PRODUCTS LLC | Winneconne, WI | Nicolet National Bank |
| $350,000–1 million | MIDWEST SPECIALTY PRODUCTS, LLC | WINNECONNE, WI | Nicolet National Bank |
| $350,000–1 million | MIDWEST TITLE GROUP, LLC | MEDFORD, WI | Nicolet National Bank |
| $350,000–1 million | MILLER MASONRY & CONCRETE, INC. | LITTLE CHUTE, WI | Nicolet National Bank |
| $350,000–1 million | MILLER VENEEERS, INC. | INDIANAPOLIS, IN | Nicolet National Bank |
| $350,000–1 million | MILLER VENEERS INC | Indianapolis, IN | Nicolet National Bank |
| $150,000–350,000 | MILLER'S CLEANING SERVICES, INC. | OSHKOSH, WI | Nicolet National Bank |
| $350,000–1 million | MILLWORK DISTRIBUTORS INC. | OSHKOSH, WI | Nicolet National Bank |
| $150,000–350,000 | MODERN RENTALS, INC. | RIPON, WI | Nicolet National Bank |
| $150,000–350,000 | MODIXUSA INC. | Plymouth, WI | Nicolet National Bank |
| $150,000–350,000 | MODIXUSA, INC. | SHEBOYGAN, WI | Nicolet National Bank |
| $1–2 million | MORTON DRUG COMPANY, INC. | NEENAH, WI | Nicolet National Bank |
| $350,000–1 million | MOTION PRODUCTS, INC. | NEENAH, WI | Nicolet National Bank |
| $150,000–350,000 | MOUNT OLIVE EV. LUTHERAN CHURCH OF APPLETON, WISCONSIN, INC. | APPLETON, WI | Nicolet National Bank |
| $350,000–1 million | MOUNTIN MARKETS, INC. | MAYVILLE, WI | Nicolet National Bank |
| $150,000–350,000 | MOYLE TRUCKING AND EXCAVATING INC. | ISHPEMING, MI | Nicolet National Bank |
| $150,000–350,000 | MSM, LTD. | EGG HARBOR, WI | Nicolet National Bank |
| $350,000–1 million | MULTI MEDIA CHANNELS, LLC | WAUPACA, WI | Nicolet National Bank |
| $350,000–1 million | MULTI-CONVEYOR, L.L.C. | WINNECONNE, WI | Nicolet National Bank |
| $150,000–350,000 | MURRAY A PERCIVAL CO. | AUBURN HILLS, MI | Nicolet National Bank |
| $150,000–350,000 | MUSCLE CAR RESTORATIONS, INC. | CHIPPEWA FALLS, WI | Nicolet National Bank |
| $150,000–350,000 | MUSEUM OF CONTEMPORARY ART DETROIT | Detroit, MI | Nicolet National Bank |
| $150,000–350,000 | MUSEUM OF CONTEMPORARY ART DETROIT | DETROIT, MI | Nicolet National Bank |
| $1–2 million | MUZA SHEET METAL COMPANY, LLC | OSHKOSH, WI | Nicolet National Bank |
| $150,000–350,000 | MW RESTORATION LLC | Little Chute, WI | Nicolet National Bank |
| $150,000–350,000 | MW RESTORATION, LLC | LITTLE CHUTE, WI | Nicolet National Bank |
| $350,000–1 million | N E MICH REHAB + OPPOR CENTER | ALPENA, MI | Nicolet National Bank |