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BANKWEST is a community bank serving the western edge of the Minneapolis metro area with branches in Rockford, Hanover, and Buffalo, Minnesota. The family-owned institution was established in 1980 when the Huston family acquired Rockford State Bank, with a mission to recognize and serve the needs of customers, community, and employees as they build a legacy of caring.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of December 31, 2025
Median
$303K
Average
$826K
Sweet Spot
$0-$500K
Industries with highest loan volume
Limited-Service Restaurants
1
loans
$303K
avg. amount
Limited-Service Restaurants
Loans
1
Avg. Amount
$303K
Home and Garden Equipment Repair and Maintenance
1
loans
$2.0M
avg. amount
Home and Garden Equipment Repair and Maintenance
Loans
1
Avg. Amount
$2.0M
Fitness and Recreational Sports Centers
1
loans
$180K
avg. amount
Fitness and Recreational Sports Centers
Loans
1
Avg. Amount
$180K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.00% |
Spread over Prime at time of loan origination
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)