SBA lender profile
Midwest Business Finance Corporation
Midwest Business Finance Corporation appears in the public SBA loan data with 1,960 funded 504 loans 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. 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
1,960
Total volume
$1.2B
Average loan size
$624K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
16,046
Programs
504
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 |
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
| 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 |
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 Midwest Business Finance Corporation'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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