Midwest Business Finance approved 505 SBA loans worth $426.9M between October 2021 and June 2026, ranking #82 of 2,283 SBA lenders nationally by loan count. Its median loan was $546,000, and 25% went to startups or businesses under two years old. It lent in 5 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 455 | $370.6M | $538,000 | #3 |
| North Dakota | 33 | $31.4M | $534,000 | #7 |
| Wisconsin | 10 | $19.4M | $1,659,500 | #75 |
| South Dakota | 6 | $4.4M | $442,500 | #29 |
| Arizona | 1 | $1.2M | $1,152,000 | #181 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 125 | $613,000 | |
| Manufacturing | 64 | $853,500 | |
| Retail | 61 | $405,000 | |
| Health care and social assistance | 60 | $668,000 | |
| Other services (repair, personal care) | 50 | $268,500 | |
| Construction | 37 | $475,000 | |
| Professional and technical services | 20 | $387,500 | |
| Arts, entertainment and recreation | 18 | $726,500 | |
| Transportation and warehousing | 15 | $623,000 | |
| Real estate and rental | 14 | $399,000 |