Midwest Bank approved 12 SBA loans worth $1.3M between October 2021 and June 2026, ranking #1114 of 2,283 SBA lenders nationally by loan count. Its median loan was $87,500, and 58% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 12 | $1.3M | $87,500 | #87 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 4 | $46,500 | |
| Wholesale trade | 3 | $200,000 | |
| Construction | 1 | $30,000 | |
| Health care and social assistance | 1 | $250,000 | |
| Finance and insurance | 1 | $24,000 | |
| Other services (repair, personal care) | 1 | $109,200 | |
| Management of companies | 1 | $75,000 |