SBA lender profile
Midwest Business Finance Corporation
Midwest Business Finance Corporation appears in the public SBA loan data with 1,960 funded 504 loans since FY2010, totaling $1.2B, an average of $624K per loan, and an estimated 16,046 jobs supported. Its SBA lending concentrates in Minnesota and the Accommodation and Food Services sector. Charge-off status is reported only on 7(a) loans, so no charge-off rate is available for this 504-only lender.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record n/r
- Scale 95
- Activity 94
- Consistency 91
Track record is 7(a)-only; Midwest Business Finance Corporation appears with 504 loans only, so it’s scored on scale, activity, and consistency.
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Midwest Business Finance Corporation the right lender for you?
Lenders fund what they know. Midwest Business Finance Corporation's SBA lending concentrates in Minnesota (1,823 loans) and Accommodation and Food Services (471 loans), at an average loan of $624K. 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.
Midwest Business Finance Corporation is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Midwest Business Finance Corporation lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 1,823 | $1.1B |
| North Dakota | 52 | $43.7M |
| Wisconsin | 27 | $30.8M |
| South Dakota | 40 | $27.6M |
| Iowa | 15 | $6.7M |
| Arizona | 1 | $1.2M |
Metro areas where Midwest Business Finance Corporation funds
What Midwest Business Finance Corporation funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 471 | $318.1M |
| Manufacturing | 302 | $234.9M |
| Health Care and Social Assistance | 231 | $151.9M |
| Retail Trade | 241 | $124.5M |
| Other Services | 164 | $62.5M |
| Construction | 118 | $59.5M |
Midwest Business Finance Corporation SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 106 | $43.3M |
| 2011 | 109 | $54.0M |
| 2012 | 150 | $95.6M |
| 2013 | 117 | $72.1M |
| 2014 | 103 | $54.8M |
| 2015 | 112 | $58.3M |
| 2016 | 124 | $70.3M |
| 2017 | 126 | $65.0M |
| 2018 | 119 | $54.0M |
| 2019 | 115 | $64.0M |
| 2020 | 130 | $74.8M |
| 2021 | 169 | $107.2M |
| 2022 | 171 | $132.4M |
| 2023 | 90 | $71.8M |
| 2024 | 89 | $73.7M |
| 2025 | 97 | $100.9M |
| 2026 | 33 | $29.9M |
Related SBA lenders
Other lenders active in Minnesota or in Accommodation and Food Services.
New to the program? See how an SBA 504 loan works (the structure, the rates, and the CDC's role), browse every Certified Development Company ranked by 504 volume , or see how to choose an SBA lender by track record.
Midwest Business Finance Corporation: frequently asked questions
Does Midwest Business Finance Corporation offer SBA loans?
Yes. Midwest Business Finance Corporation appears in the public SBA data with 1,960 funded SBA 504 loans totaling $1.2B, as a Certified Development Company (CDC) that funds the SBA 504 portion of a project.
How many SBA loans has Midwest Business Finance Corporation made?
Midwest Business Finance Corporation is associated with 1,960 SBA 504 loans totaling $1.2B in the public SBA data (as of 2026-03-31).
What is Midwest Business Finance Corporation's SBA charge-off rate?
Charge-off status is reported only on 7(a) loans, and Midwest Business Finance Corporation appears with 504 loans only, so there is no charge-off rate to report. See our methodology.
Where does Midwest Business Finance Corporation do most of its SBA lending?
Midwest Business Finance Corporation's SBA lending in the data is most concentrated in Minnesota, and by industry in Accommodation and Food Services.
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). Midwest Business Finance Corporation SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/midwest-business-finance-corporation/
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