SBA lender profile
Bank Midwest
Bank Midwest appears in the public SBA loan data with 55 funded 7(a) loans since FY2010, totaling $16.4M, an average of $298K per loan, and an estimated 578 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 0.0%. 38.2% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 81
- Scale 30
- Activity 36
- Consistency 69
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Bank Midwest the right lender for you?
Lenders fund what they know. Bank Midwest's SBA lending concentrates in Minnesota (16 loans) and Wholesale Trade (4 loans), at an average loan of $298K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $1.3B
- Headquarters
- Spirit Lake, IA
- FDIC cert
- #5170
- Status
- Active
Where Bank Midwest lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 16 | $9.6M |
| Iowa | 36 | $5.9M |
| South Dakota | 3 | $839K |
Metro areas where Bank Midwest funds
What Bank Midwest funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 4 | $3.9M |
| Construction | 3 | $3.5M |
| Manufacturing | 7 | $2.6M |
| Accommodation and Food Services | 9 | $2.1M |
| Retail Trade | 8 | $910K |
| Health Care and Social Assistance | 3 | $746K |
Bank Midwest SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $1.8M |
| 2011 | 2 | $374K |
| 2012 | 3 | $497K |
| 2013 | 4 | $297K |
| 2014 | 2 | $20K |
| 2015 | 2 | $234K |
| 2016 | 5 | $514K |
| 2017 | 4 | $627K |
| 2018 | 4 | $359K |
| 2019 | 1 | $55K |
| 2020 | 4 | $6.7M |
| 2021 | 4 | $838K |
| 2022 | 9 | $1.4M |
| 2023 | 6 | $1.6M |
| 2024 | 2 | $1.1M |
Related SBA lenders
Other lenders active in Minnesota or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Bank Midwest: frequently asked questions
Does Bank Midwest offer SBA loans?
Yes. Bank Midwest appears in the public SBA data with 55 funded SBA 7(a) loans totaling $16.4M.
How many SBA loans has Bank Midwest made?
Bank Midwest is associated with 55 SBA 7(a) loans totaling $16.4M in the public SBA data (as of 2026-03-31).
What is Bank Midwest's SBA charge-off rate?
About 0.0% of Bank Midwest's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Bank Midwest do most of its SBA lending?
Bank Midwest's SBA lending in the data is most concentrated in Minnesota, and by industry in Wholesale Trade.
Is Bank Midwest an SBA Preferred Lender (PLP)?
The loan record shows Bank Midwest operating under PLP delegated authority: 21 of its 7(a) loans (38.2%) were processed through the Preferred Lenders Program, including 2 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Bank Midwest SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/bank-midwest/
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