STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
95
2010–2026
Total Volume
$46M
Gross loan amounts
States Active
6
With recorded loans
Programs
7(a) & 504
95 total segments
Bank Midwest's strong 504 activity, making up 42% of their total deals, indicates they are well-suited for borrowers needing real estate financing. This is significantly higher than the national average of 18%.
With an average 7(a) spread of P+1.50%, Bank Midwest offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your loan.
The lender's focus on existing businesses (62% of deals) suggests they are more inclined to finance established companies rather than startups or acquisitions. If you're a new business, this might be a consideration.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 40 504 loans, which use fixed SBA debenture rates.
States where Bank Midwest has recorded SBA lending activity.
+ 1 more state
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Manufacturing
Manufacturing
Accounting & Tax
Professional Services
Retail Trade
Retail Trade
Agriculture & Forestry
Agriculture & Forestry
Administrative & Waste Services
Administrative & Waste Services
Auto Dealers & Parts
Retail Trade
+ 7 more
All recorded SBA lending activity for Bank Midwest, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Iowa · Accounting & Tax · Under $150K | 7(a) | 6 | P+1.50% | $55K | Q3 2018 |
| Iowa · Restaurants & Food Service · Under $150K | 7(a) | 4 | P+1.50% | $54K | Q3 2022 |
| Iowa · Manufacturing · Under $150K | 7(a) | 4 | P+2.63% | $37K | Q3 2021 |
| Iowa · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+3.00% | $48K | Q1 2018 |
| Iowa · Retail Trade · Under $150K | 7(a) | 3 | P+2.00% | $80K | Q1 2022 |
| Iowa · Other Health Practitioners · Under $150K | 7(a) | 2 | P+1.13% | $68K | Q1 2023 |
| Iowa · Sporting Goods & Hobby · Under $150K | 7(a) | 2 | P+0.88% | $55K | Q4 2016 |
| South Dakota · Wholesale Trade · $500K – $1M | 504 | 2 | — | $969K | Q4 2020 |
| Minnesota · Agriculture & Forestry · $150K – $350K | 7(a) | 2 | P+1.13% | $237K | Q2 2021 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $220K | Q3 2022 |
| Iowa · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+3.25% | $238K | Q3 2011 |
| Minnesota · Wholesale Trade · $1M – $2M | 7(a) | 2 | P+0.70% | $1.6M | Q3 2020 |
| Minnesota · Other Professional Services · Under $150K | 7(a) | 1 | P+0.25% | $55K | Q1 2023 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 1 | P+1.25% | $200K | Q1 2022 |
| Minnesota · Auto Repair & Maintenance · $350K – $500K | 7(a) | 1 | P+-1.50% | $461K | Q2 2023 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 1 | P+-0.05% | $611K | Q4 2023 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 1 | P+0.75% | $200K | Q1 2018 |
| Minnesota · Real Estate · Under $150K | 7(a) | 1 | P+1.00% | $100K | Q3 2023 |
| Minnesota · Real Estate · $150K – $350K | 7(a) | 1 | P+-0.45% | $200K | Q3 2023 |
| Minnesota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 1 | P+2.75% | $40K | Q4 2011 |
| Minnesota · Arts, Entertainment & Recreation · $350K – $500K | 7(a) | 1 | P+2.75% | $440K | Q4 2011 |
| South Dakota · Other Repair & Services · Under $150K | 7(a) | 1 | P+1.70% | $114K | Q4 2021 |
| South Dakota · Manufacturing · $150K – $350K | 7(a) | 1 | P+2.25% | $225K | Q2 2022 |
| South Dakota · Wholesale Trade · $350K – $500K | 7(a) | 1 | P+2.75% | $500K | Q2 2021 |
| Minnesota · Physician & Dental Offices · $2M – $5M | 504 | 1 | — | $2.4M | Q2 2025 |
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