Northwest Bank
Northwest Bank is a $2.0 billion community bank headquartered in Spencer, Iowa, serving customers in Iowa and Nebraska. The family-owned institution provides comprehensive banking services including personal banking, business lending, agricultural financing, and wealth management. The bank is committed to local decision-making and community involvement.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (12 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Northwest Bank ranks #206 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Northwest Bank’s 7(a) acquisition lending falls in the $0-$500K range: 7 loans, 58.3% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 7 | 58.3% | |
| $500K-$1M | 2 | 16.7% | |
| $1M-$2M | 1 | 8.3% | |
| $2M-$3M | 1 | 8.3% | |
| $4M-$5M | 1 | 8.3% |
Industries with highest loan volume
Other Personal Care Services
2
loans
$730K
avg. amount
Limited-Service Restaurants
2
loans
$549K
avg. amount
All Other General Merchandise Retailers
1
loans
$77K
avg. amount
Commercial and Institutional Building Construction
1
loans
$4.2M
avg. amount
Sign Manufacturing
1
loans
$319K
avg. amount
Local Messengers and Local Delivery
1
loans
$888K
avg. amount
Industrial Building Construction
1
loans
$2.8M
avg. amount
All Other Amusement and Recreation Industries
1
loans
$282K
avg. amount
Pet Care (except Veterinary) Services
1
loans
$385K
avg. amount
Gift, Novelty, and Souvenir Retailers
1
loans
$151K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Northwest Bank’s median variable rate is + 0.50%, against a market median of Prime + 1.88%, 138 below market.
4 of the 12 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.82% |
| $500K-$1M | Prime + 0.69% |
| $2M-$3M | Prime + 0.40% |
over at time of loan origination
Northwest Bank has originated 7(a) acquisition loans in 4 states, most actively in Iowa (9), Nebraska (1) and South Dakota (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Iowa | 9 | 75.0% |
| Nebraska | 1 | 8.3% |
| South Dakota | 1 | 8.3% |
| Missouri | 1 | 8.3% |
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