Bank Midwest approved 17 SBA loans worth $4.1M between October 2021 and June 2026, ranking #963 of 2,283 SBA lenders nationally by loan count. Its median loan was $113,700, and 41% went to startups or businesses under two years old. It lent in 3 states, most often in Iowa, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Iowa | 9 | $2.2M | $85,000 | #43 |
| Minnesota | 6 | $1.6M | $200,000 | #134 |
| South Dakota | 2 | $339K | $169,350 | #43 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 6 | $142,500 | |
| Manufacturing | 2 | $418,000 | |
| Health care and social assistance | 2 | $353,500 | |
| Other services (repair, personal care) | 2 | $287,100 | |
| Real estate and rental | 2 | $150,000 | |
| Retail | 2 | $44,750 | |
| Professional and technical services | 1 | $55,000 |