Minnwest Bank approved 102 SBA loans worth $57.6M between October 2021 and June 2026, ranking #350 of 2,283 SBA lenders nationally by loan count. Its median loan was $346,000, and 24% went to startups or businesses under two years old. It lent in 3 states, most often in Minnesota, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 92 | $52.6M | $346,000 | #24 |
| South Dakota | 7 | $2.8M | $288,000 | #25 |
| Wisconsin | 3 | $2.2M | $400,400 | #144 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 18 | $358,000 | |
| Manufacturing | 14 | $420,000 | |
| Professional and technical services | 12 | $350,000 | |
| Restaurants and hotels | 12 | $271,500 | |
| Health care and social assistance | 8 | $623,000 | |
| Transportation and warehousing | 8 | $164,000 | |
| Construction | 7 | $234,200 | |
| Wholesale trade | 6 | $525,400 | |
| Arts, entertainment and recreation | 5 | $337,800 | |
| Other services (repair, personal care) | 4 | $655,200 |