SBA lender profile
Minnwest Bank
Minnwest Bank appears in the public SBA loan data with 380 funded 7(a) loans since FY2010, totaling $204.3M, an average of $538K per loan, and an estimated 6,106 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 3.4%. 54.2% 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 70
- Scale 79
- Activity 76
- Consistency 82
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Minnwest Bank the right lender for you?
Lenders fund what they know. Minnwest Bank's SBA lending concentrates in Minnesota (306 loans) and Manufacturing (49 loans), at an average loan of $538K. 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
- $3.0B
- Headquarters
- Redwood Falls, MN
- FDIC cert
- #16958
- Status
- Active
Where Minnwest Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 306 | $172.2M |
| South Dakota | 64 | $25.0M |
| Wisconsin | 6 | $5.4M |
| North Dakota | 1 | $1.1M |
| Florida | 1 | $300K |
| Iowa | 1 | $281K |
Metro areas where Minnwest Bank funds
What Minnwest Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 49 | $39.6M |
| Retail Trade | 54 | $26.8M |
| Health Care and Social Assistance | 23 | $19.4M |
| Construction | 41 | $17.4M |
| Wholesale Trade | 31 | $15.0M |
| Professional and Technical Services | 36 | $12.8M |
Minnwest Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 21 | $7.0M |
| 2011 | 32 | $12.7M |
| 2012 | 17 | $5.3M |
| 2013 | 15 | $3.5M |
| 2014 | 13 | $4.6M |
| 2015 | 15 | $7.2M |
| 2016 | 17 | $8.2M |
| 2017 | 22 | $20.0M |
| 2018 | 20 | $11.9M |
| 2019 | 19 | $10.0M |
| 2020 | 34 | $12.0M |
| 2021 | 59 | $45.8M |
| 2022 | 30 | $18.0M |
| 2023 | 21 | $10.5M |
| 2024 | 9 | $3.0M |
| 2025 | 30 | $18.1M |
| 2026 | 6 | $6.3M |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Minnwest Bank: frequently asked questions
Does Minnwest Bank offer SBA loans?
Yes. Minnwest Bank appears in the public SBA data with 380 funded SBA 7(a) loans totaling $204.3M.
How many SBA loans has Minnwest Bank made?
Minnwest Bank is associated with 380 SBA 7(a) loans totaling $204.3M in the public SBA data (as of 2026-03-31).
What is Minnwest Bank's SBA charge-off rate?
About 3.4% of Minnwest Bank'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 Minnwest Bank do most of its SBA lending?
Minnwest Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
Is Minnwest Bank an SBA Preferred Lender (PLP)?
The loan record shows Minnwest Bank operating under PLP delegated authority: 206 of its 7(a) loans (54.2%) were processed through the Preferred Lenders Program, including 33 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). Minnwest Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/minnwest-bank/
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