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BANKWEST

ROCKFORD, MN 55373

13
Loans Approved
$10.2M
Total Volume
$782K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Coin-Operated Laundries and Drycleaners
  • Other Personal and Household Goods Repair and Maintenance
  • Offices of Certified Public Accountants
  • All Other Miscellaneous Fabricated Metal Product Manufacturing
  • Limited-Service Restaurants

Quick Summary

BANKWEST is an SBA-approved lender headquartered in ROCKFORD, Minnesota. Since 2020, they have approved 13 SBA 7(a) loans totaling $10.2M, with an average loan size of $782K. They primarily serve Minnesota businesses.

About BANKWEST

BANKWEST is an SBA-approved lender headquartered in ROCKFORD, Minnesota. Since 2020, they have approved 13 SBA 7(a) loans totaling $10.2M, with an average loan size of $782K. They primarily serve businesses in Minnesota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is BANKWEST an SBA Preferred Lender?

BANKWEST is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has BANKWEST approved?

According to SBA FOIA public records, BANKWEST has approved 13 SBA 7(a) loans totaling $10.2M since 2020. Their average loan size is $782K.

What states does BANKWEST serve?

BANKWEST primarily serves businesses in Minnesota.

How do I apply for an SBA loan with BANKWEST?

To apply for an SBA 7(a) loan with BANKWEST, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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