Midwest BankCentre
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Midwest BankCentre
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 48 | $72.9M | $1.5M | 6.7% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $17.3M | $541K | 4.4% |
| 812199 | Other Personal Care Services | 24 | $14.6M | $610K | 3.3% |
| 423930 | Recyclable Material Merchant Wholesalers | 24 | $120.0M | $5.0M | 3.3% |
| 561730 | Landscaping Services | 24 | $9.5M | $396K | 3.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 24 | $16.1M | $672K | 3.3% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 24 | $37.0M | $1.5M | 3.3% |
| 323111 | Commercial Gravure Printing | 24 | $5.7M | $238K | 3.3% |
| 722513 | Limited-Service Restaurants | 16 | $12.6M | $785K | 2.2% |
| 811111 | General Automotive Repair | 16 | $19.1M | $1.2M | 2.2% |
Geographic Distribution
SBA lending activity for Midwest BankCentre by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 256 | $274.4M | 35.6% |
| Missouri (MO) | 200 | $268.4M | 27.8% |
| Colorado (CO) | 40 | $41.4M | 5.6% |
| Texas (TX) | 40 | $30.3M | 5.6% |
| New Mexico (NM) | 16 | $28.7M | 2.2% |
| Arkansas (AR) | 8 | $26.2M | 1.1% |
| New Jersey (NJ) | 16 | $17.5M | 2.2% |
| Kansas (KS) | 16 | $16.9M | 2.2% |
| North Carolina (NC) | 16 | $15.3M | 2.2% |
| Arizona (AZ) | 8 | $11.2M | 1.1% |
| Georgia (GA) | 8 | $9.9M | 1.1% |
| Tennessee (TN) | 8 | $9.4M | 1.1% |
| Oklahoma (OK) | 16 | $7.5M | 2.2% |
| Maryland (MD) | 8 | $7.5M | 1.1% |
| Utah (UT) | 8 | $6.5M | 1.1% |
| District of Columbia (DC) | 8 | $5.7M | 1.1% |
| California (CA) | 8 | $5.4M | 1.1% |
| Wisconsin (WI) | 8 | $5.0M | 1.1% |
| South Carolina (SC) | 8 | $5.0M | 1.1% |
| Washington (WA) | 8 | $4.6M | 1.1% |
| Idaho (ID) | 8 | $3.1M | 1.1% |
| Nebraska (NE) | 8 | $2.3M | 1.1% |
Why Choose Midwest BankCentre?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 720 SBA loans approved, totaling $802.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Other Personal Care Services
- ✓Competitive Terms: Average interest rate of 9.22% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $70K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 22 states, with strong presence in FL, MO, CO
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Midwest BankCentre SBA lending
What types of businesses does Midwest BankCentre typically finance?
Midwest BankCentre specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, other personal care services, recyclable material merchant wholesalers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Midwest BankCentre's typical SBA loan terms?
Midwest BankCentre's SBA 7(a) loans typically feature an average interest rate of 9.22% and average term length of 172 months (approximately 14 years). Loan sizes range from $70K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Midwest BankCentre SBA loan?
Yes, Midwest BankCentre typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Midwest BankCentre compare to other SBA lenders?
Midwest BankCentre has originated 720 SBA loans totaling $802.5M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Midwest BankCentre lend in?
Midwest BankCentre provides SBA 7(a) financing with particularly strong presence in FL, MO, CO, TX, OK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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