Minnwest Bank
MN
SBA-approved lender offering 8 loan programs across 10 industries.
Key Metrics
Interest Rate
9.07%
2.32% over prime
Average Loan
$604K
Per approval
Total Approvals
30
FY 2025
Loan Programs (8)
Asset Base Working Capital Line (CAPLine)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
7a General
Fixed Rates
Industries Served (10)
All Other Specialty Trade ContractorsBeauty SalonsGeneral Automotive RepairHome Health Care ServicesLandscaping ServicesLimited-Service RestaurantsOther Scientific and Technical Consulting ServicesPlumbing, Heating, and Air-Conditioning ContractorsPottery, Ceramics, and Plumbing Fixture ManufacturingUsed Household and Office Goods Moving
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.32%
- Effective Rate
- 9.07%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- www.minnwestbank.com
Ready to apply with Minnwest Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.