SBA lender profile
BANKWEST
BANKWEST appears in the public SBA loan data with 13 funded 7(a) loans totaling $10.2M, an average of $782K per loan, and an estimated 244 jobs supported. Its SBA lending concentrates in Minnesota and the Other Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
13
Total volume
$10.2M
Average loan size
$782K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
244
Programs
7(a)
Bank profile
via FDIC- Total assets
- $238M
- Headquarters
- Rockford, MN
- FDIC cert
- #16704
- Status
- Active
Where BANKWEST lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 13 | $10.2M |
What BANKWEST funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 6 | $5.1M |
| Retail Trade | 1 | $1.7M |
| Professional and Technical Services | 2 | $1.3M |
| Manufacturing | 1 | $1.3M |
| Accommodation and Food Services | 2 | $546K |
| Arts, Entertainment, Recreation | 1 | $180K |
BANKWEST SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 3 | $2.4M |
| 2021 | 2 | $2.0M |
| 2022 | 3 | $2.7M |
| 2023 | 3 | $2.4M |
| 2024 | 1 | $180K |
| 2025 | 1 | $475K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of BANKWEST's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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