MidWestOne Bank
IA
SBA-approved lender offering 7 loan programs across 21 industries.
Key Metrics
Interest Rate
8.67%
1.92% over prime
Average Loan
$689K
Per approval
Total Approvals
57
FY 2025
Loan Programs (7)
7a General
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (21)
All Other Converted Paper Product ManufacturingAll Other Miscellaneous ManufacturingAll Other Outpatient Care CentersAll Other Personal ServicesAll Other Professional, Scientific, and Technical ServicesAutomobile and Other Motor Vehicle Merchant WholesalersComputer Terminal and Other Computer Peripheral Equipment ManufacturingDance CompaniesFarm and Garden Machinery and Equipment Merchant WholesalersFitness and Recreational Sports CentersFull-Service RestaurantsGeneral Automotive RepairLandscaping ServicesLimited-Service RestaurantsOther Miscellaneous Nondurable Goods Merchant WholesalersPassenger Car RentalRoofing ContractorsSite Preparation ContractorsSnack and Nonalcoholic Beverage BarsSporting and Athletic Goods ManufacturingToy and Hobby Goods and Supplies Merchant Wholesalers
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.92%
- Effective Rate
- 8.67%
- Fiscal Year
- 2025
- States Served
- IA
- Website
- www.midwestone.bank
Ready to apply with MidWestOne Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.