Midwest Bank
Headquartered in PIERCE, NE. Analysis based on 50 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $14.0M.
Total 7(a) loans
50
Total approved
$14.0M
Average loan
$280K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
23.53%
Average rate
6.47%
Average term
125 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 5 |
| 713940 | Fitness and Recreational Sports Centers | 4 |
| 812112 | Beauty Salons | 3 |
| 541990 | All Other Professional, Scientific, and Technical Services | 3 |
| 423110 | Automobile and Other Motor Vehicle Merchant Wholesalers | 3 |
| 424720 | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta | 2 |
| 524210 | Insurance Agencies and Brokerages | 2 |
| 722511 | Full-Service Restaurants | 2 |
| 551112 | Offices of Other Holding Companies | 2 |
| 112120 | Dairy Cattle and Milk Production | 2 |
Top 10 states
| State | Loans |
|---|---|
| NE | 35 |
| MN | 14 |
| SD | 1 |
Top franchise brands financed
5 franchise loans across 3 distinct brands.
| Franchise | Loans |
|---|---|
| Jimmy John's | 2 |
| Subway | 2 |
| Just Love Coffee Cafe | 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.