States Served
Top Industries Financed
- Limited-Service Restaurants
- Breweries
- Fitness and Recreational Sports Centers
- All Other Professional, Scientific, and Technical Services
- Poultry and Poultry Product Merchant Wholesalers
Quick Summary
Minnwest Bank is an SBA-approved lender headquartered in REDWOOD FALLS, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 188 SBA 7(a) loans totaling $113.6M, with an average loan size of $604K. They serve businesses across 4 states.
About Minnwest Bank
Minnwest Bank is an SBA-approved lender headquartered in REDWOOD FALLS, Minnesota. Since 2020, they have approved 188 SBA 7(a) loans totaling $113.6M, with an average loan size of $604K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Minnwest Bank an SBA Preferred Lender?
Yes, Minnwest Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Minnwest Bank approved?
According to SBA FOIA public records, Minnwest Bank has approved 188 SBA 7(a) loans totaling $113.6M since 2020. Their average loan size is $604K.
What states does Minnwest Bank serve?
Minnwest Bank serves businesses in 4 states: Iowa, Minnesota, South Dakota, Wisconsin.
How do I apply for an SBA loan with Minnwest Bank?
To apply for an SBA 7(a) loan with Minnwest Bank, 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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