Minnwest Bank
Headquartered in REDWOOD FALLS, MN. Analysis based on 188 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $113.6M.
Total 7(a) loans
188
Total approved
$113.6M
Average loan
$604K
States funded in
4
Charge-off rate
4.86%
FY2020–FY2023 cohort
Paid-in-full rate
43.06%
Average rate
6.96%
Average term
130 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 9 |
| 312120 | Breweries | 8 |
| 541990 | All Other Professional, Scientific, and Technical Services | 7 |
| 713940 | Fitness and Recreational Sports Centers | 7 |
| 561730 | Landscaping Services | 5 |
| 424440 | Poultry and Poultry Product Merchant Wholesalers | 5 |
| 424310 | Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers | 5 |
| 484210 | Used Household and Office Goods Moving | 4 |
| 236220 | Commercial and Institutional Building Construction | 4 |
| 621610 | Home Health Care Services | 4 |
Top 10 states
| State | Loans |
|---|---|
| MN | 169 |
| SD | 13 |
| WI | 5 |
| IA | 1 |
Top franchise brands financed
28 franchise loans across 18 distinct brands.
| Franchise | Loans |
|---|---|
| Nautical Bowls | 5 |
| Two Men and a Truck | 4 |
| FSBOHOMES | 2 |
| Discover Strength | 2 |
| F45 Training | 2 |
| Koala Insulation | 1 |
| Jet Black/Yellow Dawg Strippin | 1 |
| WaveMAX Laundry | 1 |
| Farmers Insurance - Corporate | 1 |
| Anytime Fitness | 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.