MidWestOne Bank
Headquartered in IOWA CITY, IA. Analysis based on 192 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $121.2M.
Total 7(a) loans
192
Total approved
$121.2M
Average loan
$631K
States funded in
7
Charge-off rate
2.25%
FY2020–FY2023 cohort
Paid-in-full rate
16.85%
Average rate
8.73%
Average term
131 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 811111 | General Automotive Repair | 12 |
| 722511 | Full-Service Restaurants | 11 |
| 624410 | Child Day Care Services | 6 |
| 722513 | Limited-Service Restaurants | 5 |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 5 |
| 238990 | All Other Specialty Trade Contractors | 4 |
| 713940 | Fitness and Recreational Sports Centers | 4 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 |
| 339999 | All Other Miscellaneous Manufacturing | 3 |
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 3 |
Top 10 states
| State | Loans |
|---|---|
| IA | 57 |
| MN | 53 |
| CO | 41 |
| WI | 36 |
| IL | 2 |
| MO | 2 |
| FL | 1 |
Top franchise brands financed
15 franchise loans across 13 distinct brands.
| Franchise | Loans |
|---|---|
| Ace Hardware | 2 |
| Restore Hyper Wellness | 2 |
| Chem-Dry | 1 |
| Firehouse Subs | 1 |
| Petland/Safari Stan's | 1 |
| Papa Murphy's Take 'N' Bake Pi | 1 |
| Molly's Cupcakes | 1 |
| Ziggi's Coffee | 1 |
| Primrose Schools | 1 |
| F-O-R-T-U-N-E PERSONNEL CONSUL | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.