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Midwest Bank — SBA Loan Activity

Public SBA 7(a) and 504 lending activity for Midwest Bank.

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Overview Recent loans Industries Geography 7(a) vs 504

Total SBA loans

2010 – 2025

Approved $

$11.3M

across all programs

Avg loan size

$199K

median $120K

Top industry

Full-Service Restaurants

3 loans · 5%

7(a) vs 504

BY APPROVAL COUNT

7(a) · 100%

SBA 7(a)

Loans

Approved

$11.3M

Avg size

$199K

Range

$6K – $1.1M

SBA 504

Loans

Approved

Avg size

Range

—

Top industries funded

See all industries

Full-Service Restaurants

Limited-Service Restaurants

Drinking Places (Alcoholic Beverages)

Elevator and Moving Stairway Manufacturing

Fuel Dealers

Loan records · Midwest Bank

57 records

Sort:

Borrower

Location

Program

Industry

HOUGH, INC. OF DETROIT LAKES Midwest Bank

Detroit Lakes, MN

56501

$1,072,000

—

7(a)

Excavation Contractors

2003-03-12

Borash Legacy Investments, LLC Midwest Bank

Detroit Lakes, MN

56501

$1,007,000

$1.0M

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2011-07-05

RMB Environmental Laboratories, Inc.Midwest Bank

Detroit Lakes, MN

56501

$619,000

$36K

7(a)

Testing Laboratories

2011-07-05

ACTION FABRICATING INC Midwest Bank

Detroit Lakes, MN

56501

$545,000

—

7(a)

Metal Service Centers and Offices

2001-03-30

BARNESVILLE LUMBER, INC.Midwest Bank

Barnesville, MN

56514

$540,000

$77K

7(a)

Other Building Material Dealers

2011-03-11

DANIELS FOOD EQUIPMENT Midwest Bank

Parkers Prairie, MN

56361

$485,000

—

7(a)

Industrial Machinery and Equipment Merchant Wholesalers

2006-02-23

Zachiea properties II Inc Midwest Bank

Detroit Lakes, MN

56502

$408,505

—

7(a)

Limited-Service Restaurants

2006-12-07

SEARS Midwest Bank

Detroit Lakes, MN

56501

$375,000

—

7(a)

Clothing Accessories Stores

2005-01-21

JMR, INC.Midwest Bank

Detroit Lakes, MN

56501

$350,000

—

7(a)

Department Stores

2002-04-01

Balgaard Family Enterprises LLP Midwest Bank

Alexandria, MN

56308

$350,000

$58K

7(a)

Postharvest Crop Activities (except Cotton Ginning)

2009-05-07

AWS, LLC Midwest Bank

Perham, MN

56573

$320,900

$53K

7(a)

Prefabricated Wood Building Manufacturing

2013-07-10

COLOR-TEK COATINGS INC Midwest Bank

Detroit Lakes, MN

56501

$301,500

$23K

7(a)

"Paint, Varnish, and Supplies Merchant Wholesalers"

2009-09-07

MARINE INNOVATIONS INC Midwest Bank

Frazee, MN

56544

$300,000

$15K

7(a)

Elevator and Moving Stairway Manufacturing

2007-07-24

MARINE INNOVATIONS, INC.Midwest Bank

Frazee, MN

56544

$300,000

$15K

7(a)

Elevator and Moving Stairway Manufacturing

2007-07-06

Deadshot Polymers, LLC Midwest Bank

Detroit Lakes, MN

56501

$286,100

$143K

7(a)

Other Miscellaneous Durable Goods Merchant Wholesalers

2022-10-26

GAPPA OIL, INC.Midwest Bank

Parkers Prairie, MN

56361

$265,700

—

7(a)

—

1994-07-08

Skadsem Weum Chiropractic PLLC Midwest Bank

Detroit Lakes, MN

56501

$250,000

$83K

7(a)

Offices of Chiropractors

2026-01-08

PRECISION WATERJET CONCEPTS, I Midwest Bank

Pequot Lakes, MN

56472

$208,850

—

7(a)

All Other Miscellaneous Fabricated Metal Product Manufacturing

2006-03-17

FASTSIGNS Midwest Bank

Fargo, ND

58103

$200,000

$67K

7(a)

Sign Manufacturing

2006-01-20

Absolute Ice LLC Midwest Bank

Detroit Lakes, MN

56501

$200,000

$50K

7(a)

Ice Manufacturing

2016-07-14

MB3 Properties, LLC Midwest Bank

Detroit Lakes, MN

56501

$200,000

$100K

7(a)

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

2022-03-09

WEBBROS, INC.Midwest Bank

Detroit Lakes, MN

56501

$200,000

$6K

7(a)

New Car Dealers

2009-10-16

DHCM LLC Midwest Bank

Frazee, MN

56544

$184,000

$37K

7(a)

Sign Manufacturing

2020-12-23

WHEELCHAIR UNLIMITED INC Midwest Bank

Detroit Lakes, MN

56501

$173,900

$43K

7(a)

All Other Health and Personal Care Stores

2006-11-29

Harren Properties, LLC Midwest Bank

Parkers Prairie, MN

56361

$151,500

$76K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2019-03-11

HOUGH, INC. OF DETROIT LAKES

Detroit Lakes, MN · 56501

$1,072,000

7(a)

Midwest Bank2003-03-12

Borash Legacy Investments, LLC

Detroit Lakes, MN · 56501

$1,007,000

7(a)

Midwest Bank$1.0M/job · 2011-07-05

RMB Environmental Laboratories, Inc.

Detroit Lakes, MN · 56501

$619,000

7(a)

Midwest Bank$36K/job · 2011-07-05

ACTION FABRICATING INC

Detroit Lakes, MN · 56501

$545,000

7(a)

Midwest Bank2001-03-30

BARNESVILLE LUMBER, INC.

Barnesville, MN · 56514

$540,000

7(a)

Midwest Bank$77K/job · 2011-03-11

DANIELS FOOD EQUIPMENT

Parkers Prairie, MN · 56361

$485,000

7(a)

Midwest Bank2006-02-23

Zachiea properties II Inc

Detroit Lakes, MN · 56502

$408,505

7(a)

Midwest Bank2006-12-07

SEARS

Detroit Lakes, MN · 56501

$375,000

7(a)

Midwest Bank2005-01-21

JMR, INC.

Detroit Lakes, MN · 56501

$350,000

7(a)

Midwest Bank2002-04-01

Balgaard Family Enterprises LLP

Alexandria, MN · 56308

$350,000

7(a)

Midwest Bank$58K/job · 2009-05-07

Midwest Bank$53K/job · 2013-07-10

COLOR-TEK COATINGS INC

Detroit Lakes, MN · 56501

$301,500

7(a)

Midwest Bank$23K/job · 2009-09-07

MARINE INNOVATIONS INC

Frazee, MN · 56544

$300,000

7(a)

Midwest Bank$15K/job · 2007-07-24

MARINE INNOVATIONS, INC.

Frazee, MN · 56544

$300,000

7(a)

Midwest Bank$15K/job · 2007-07-06

Deadshot Polymers, LLC

Detroit Lakes, MN · 56501

$286,100

7(a)

Midwest Bank$143K/job · 2022-10-26

GAPPA OIL, INC.

Parkers Prairie, MN · 56361

$265,700

7(a)

Midwest Bank1994-07-08

Skadsem Weum Chiropractic PLLC

Detroit Lakes, MN · 56501

$250,000

7(a)

Midwest Bank$83K/job · 2026-01-08

PRECISION WATERJET CONCEPTS, I

Pequot Lakes, MN · 56472

$208,850

7(a)

Midwest Bank2006-03-17

Midwest Bank$67K/job · 2006-01-20

Absolute Ice LLC

Detroit Lakes, MN · 56501

$200,000

7(a)

Midwest Bank$50K/job · 2016-07-14

MB3 Properties, LLC

Detroit Lakes, MN · 56501

$200,000

7(a)

Midwest Bank$100K/job · 2022-03-09

WEBBROS, INC.

Detroit Lakes, MN · 56501

$200,000

7(a)

Midwest Bank$6K/job · 2009-10-16

Midwest Bank$37K/job · 2020-12-23

WHEELCHAIR UNLIMITED INC

Detroit Lakes, MN · 56501

$173,900

7(a)

Midwest Bank$43K/job · 2006-11-29

Harren Properties, LLC

Parkers Prairie, MN · 56361

$151,500

7(a)

Midwest Bank$76K/job · 2019-03-11

1–25 of 57

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Where Midwest Bank lends

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