Midwest Regional Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Midwest Regional Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 608 | $467.2M | $768K | 10.9% |
| 713940 | Fitness and Recreational Sports Centers | 376 | $276.4M | $735K | 6.7% |
| 624410 | Child Day Care Services | 264 | $241.9M | $916K | 4.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 160 | $71.0M | $444K | 2.9% |
| 722513 | Limited-Service Restaurants | 144 | $76.8M | $533K | 2.6% |
| 811111 | General Automotive Repair | 112 | $70.5M | $629K | 2.0% |
| 812112 | Beauty Salons | 104 | $45.6M | $438K | 1.9% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 96 | $80.5M | $839K | 1.7% |
| 811192 | Car Washes | 88 | $77.3M | $878K | 1.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 80 | $106.1M | $1.3M | 1.4% |
Geographic Distribution
SBA lending activity for Midwest Regional Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 1,728 | $1.59B | 31.0% |
| Colorado (CO) | 752 | $934.0M | 13.5% |
| Missouri (MO) | 984 | $890.1M | 17.6% |
| Arizona (AZ) | 968 | $831.7M | 17.4% |
| Florida (FL) | 880 | $694.5M | 15.8% |
| Illinois (IL) | 128 | $71.0M | 2.3% |
| North Carolina (NC) | 48 | $48.2M | 0.9% |
| Utah (UT) | 8 | $34.2M | 0.1% |
| Kentucky (KY) | 8 | $29.6M | 0.1% |
| South Carolina (SC) | 24 | $23.3M | 0.4% |
| Mississippi (MS) | 8 | $8.4M | 0.1% |
| Kansas (KS) | 8 | $6.7M | 0.1% |
| Tennessee (TN) | 8 | $6.0M | 0.1% |
| Indiana (IN) | 8 | $2.6M | 0.1% |
| Arkansas (AR) | 8 | $2.5M | 0.1% |
| California (CA) | 8 | $1.8M | 0.1% |
Why Choose Midwest Regional Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 5,576 SBA loans approved, totaling $5.18B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 8.43% with flexible term lengths averaging 173 months
- ✓Loan Range: Loan sizes from $98K to $5.0M, with an average of $929K
- ✓Nationwide Reach: Active lending in 16 states, with strong presence in TX, MO, AZ
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 Regional Bank SBA lending
What types of businesses does Midwest Regional Bank typically finance?
Midwest Regional Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, child day care services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Midwest Regional Bank's typical SBA loan terms?
Midwest Regional Bank's SBA 7(a) loans typically feature an average interest rate of 8.43% and average term length of 173 months (approximately 14 years). Loan sizes range from $98K to $5.0M, with an average loan size of $929K.
Do I need a business valuation for a Midwest Regional Bank SBA loan?
Yes, Midwest Regional Bank 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 Regional Bank compare to other SBA lenders?
Midwest Regional Bank has originated 5,576 SBA loans totaling $5.18B 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 Regional Bank lend in?
Midwest Regional Bank provides SBA 7(a) financing with particularly strong presence in TX, MO, AZ, FL, CO. 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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