STRONG
How competitive are their spreads? Lower = better for you.
STRONG
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
583
2010–2026
Total Volume
$328M
Gross loan amounts
States Active
8
With recorded loans
Programs
7(a) & 504
583 total segments
MidWestOne Bank has a strong focus on existing businesses, with 49% of their SBA deals supporting established companies. This makes them a solid choice for borrowers looking to expand or refinance an existing business.
With an average 7(a) spread of P+1.98%, MidWestOne Bank offers competitive pricing compared to the national median of P+2.75%. This can lead to significant savings on interest costs for borrowers.
The bank has a notable 20% share of 504 loans, indicating a balanced approach to financing that includes real estate investments. This could be beneficial for borrowers needing funds for property acquisition or expansion.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 118 504 loans, which use fixed SBA debenture rates.
States where MidWestOne Bank has recorded SBA lending activity.
+ 3 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Wholesale Trade
Wholesale Trade
Auto Repair & Maintenance
Other Services
Administrative & Waste Services
Administrative & Waste Services
Retail Trade
Retail Trade
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for MidWestOne Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Wisconsin · Manufacturing · $500K – $1M | 7(a) | 10 | P+1.88% | $788K | Q4 2024 |
| Iowa · Restaurants & Food Service · Under $150K | 7(a) | 10 | P+2.75% | $84K | Q1 2024 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 9 | P+2.25% | $121K | Q1 2025 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 9 | P+2.00% | $285K | Q1 2025 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.50% | $101K | Q3 2020 |
| Wisconsin · Manufacturing · $150K – $350K | 7(a) | 8 | P+1.63% | $247K | Q3 2024 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.50% | $254K | Q2 2023 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 7 | P+2.25% | $112K | Q4 2021 |
| Iowa · Wholesale Trade · $150K – $350K | 7(a) | 6 | P+2.25% | $249K | Q1 2025 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 6 | P+1.75% | $120K | Q2 2023 |
| Wisconsin · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.25% | $101K | Q4 2022 |
| Iowa · Other Repair & Services · Under $150K | 7(a) | 5 | P+2.75% | $88K | Q3 2024 |
| Iowa · Food & Beverage Stores · $150K – $350K | 7(a) | 5 | P+2.25% | $235K | Q1 2025 |
| Iowa · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.75% | $230K | Q3 2016 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 5 | P+2.25% | $209K | Q1 2022 |
| Iowa · Other Health Practitioners · Under $150K | 7(a) | 5 | P+2.75% | $80K | Q4 2024 |
| Wisconsin · Manufacturing · $350K – $500K | 7(a) | 5 | P+1.25% | $479K | Q2 2025 |
| Wisconsin · Manufacturing · $1M – $2M | 7(a) | 5 | P+1.75% | $1.6M | Q2 2025 |
| Minnesota · Other Professional Services · Under $150K | 7(a) | 4 | P+3.25% | $100K | Q3 2014 |
| Minnesota · Specialty Trade Contractors · $350K – $500K | 7(a) | 4 | P+1.75% | $444K | Q4 2022 |
| Colorado · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+2.50% | $768K | Q3 2019 |
| Iowa · Auto Repair & Maintenance · $150K – $350K | 7(a) | 4 | P+2.00% | $269K | Q1 2025 |
| Minnesota · Specialty Trade Contractors · $350K – $500K | 504 | 4 | — | $425K | Q3 2020 |
| Wisconsin · Manufacturing · $150K – $350K | 504 | 4 | — | $259K | Q1 2019 |
| Iowa · Hotels & Accommodation · $1M – $2M | 504 | 4 | — | $1.5M | Q4 2016 |
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Real experiences from borrowers who closed SBA loans with MidWestOne Bank.
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