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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 June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of June 30, 2025
Median
$1.1M
Average
$1.1M
All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
