SBA lender profile
Minnwest Bank
Minnwest Bank appears in the public SBA loan data with 189 funded 7(a) loans totaling $113.7M, an average of $602K per loan, and an estimated 3,304 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 3.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
189
Total volume
$113.7M
Average loan size
$602K
Charge-off rate
3.7%
Share of funded loans charged off
Jobs supported (reported)
3,304
Programs
7(a)
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 | 169 | $104.2M |
| Wisconsin | 5 | $4.7M |
| South Dakota | 14 | $4.5M |
| Iowa | 1 | $281K |
What Minnwest Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 21 | $14.7M |
| Health Care and Social Assistance | 10 | $14.3M |
| Retail Trade | 21 | $12.8M |
| Construction | 19 | $12.4M |
| Wholesale Trade | 20 | $12.3M |
| Professional and Technical Services | 23 | $9.8M |
Minnwest Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
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 Minnwest Bank'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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