Midwest Regional Bank
Missouri SBA Preferred Lender bank: SBA 7(a) loans up to $5M, 9.75% median starting rate, no published credit minimum, startups and buyers OK, weeks to close. Best for $350K+ acquisitions.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Owners buying an existing business, a franchise or owner-occupied real estate who want a bank-held SBA 7(a) loan above $350K (its FY2026 loans ran $106,000 to $2,449,000), in Missouri or in its SBA markets of Arizona, Florida, Texas and Colorado.
Not for: Borrowers who need cash in days, want posted rates and fees, or need an SBA loan under $100K (its smallest 7(a) loan since FY2020 was $98,000).
Lender List verdict: Midwest Regional Bank is a 132-year-old Missouri bank that approved 110 SBA 7(a) loans worth $87.0 million in the 12 months to June 30, 2026, most of them through SBA's Preferred Lenders Program. On loans over $350K, pricing sits at the ceiling: the median starting rate of 9.75% equals Prime + 3%, the SBA maximum for loans over $350K, and the bank publishes no rates or fees.
Midwest Regional Bank at a glance
Midwest Regional Bank is a 132-year-old Missouri bank making SBA 7(a) loans up to $5 million at a 9.75% median starting rate.
| Midwest Regional Bank | |
|---|---|
| Lender type | FDIC-insured state bank (cert 8889); SBA 7(a) lender, mostly Preferred Lenders Program |
| Founded | 1894 |
| HQ | Clayton, Missouri (SBA lending address: Festus, Missouri) |
| Parent/owner | Midwest Regional Bcorp Inc |
| Products | SBA 7(a), International Trade and CAPLine loans; commercial, construction, equipment and USDA loans |
| Amounts | Up to $5,000,000 (FY2026 loans through June: $106,000 to $2,449,000) |
| Cost | 9.75% median starting rate (last 12 months); variable, tied to Prime |
| Term | Up to 25 years; 10 years most common |
| Funding speed | Lender does not publish; SBA 7(a) loans typically take 30 to 90 days to fund |
| Status | Active; last SBA approval in the data June 30, 2026 |
What is Midwest Regional Bank?
Midwest Regional Bank is a community bank chartered in 1894 with $949.0 million in assets and seven Missouri offices, headquartered in Clayton per the FDIC. Its branches sit in Festus, Arnold, Chesterfield, Clayton, Kirkwood, Sunset Hills and Otterville, where it operates as The Bank of Otterville.
Online Midwest Regional Bank SBA loan reviews are thin, so this review of its business and SBA lending leans on SBA data. Its SBA arm outgrew its branch map: loan teams work in Arizona, Florida, Texas, Colorado and North Carolina, and Arizona projects (34) outnumbered Missouri ones (18) over the last 12 months.
How Midwest Regional Bank's SBA loans work
Midwest Regional Bank offers SBA 7(a) loans of up to $5 million with terms of up to 25 years and down payments from 10%. You apply through a named SBA loan officer in your market, using the bank's downloadable SBA application and personal financial statement.
- Uses: business purchases, franchises, real estate, tenant improvements, equipment, working capital and refinancing
- Terms: up to 25 years with no balloon payment; 10 years is the most common term
- Rate type: variable, tied to Prime (every FY2026 loan through June)
- Underwriting: projected cash flow can count
- Industries: none excluded; restaurants and gyms lead, and 16 of the last 110 loans financed franchises
Midwest Regional Bank's SBA programs
Midwest Regional Bank approved 110 SBA 7(a) loans totaling $87.0 million in the 12 months to June 30, 2026, and 105 of them went through SBA's Preferred Lenders Program, which lets the bank approve loans without SBA review.
| SBA metric | Midwest Regional Bank |
|---|---|
| Last 12 months to June 30, 2026 | 110 loans, $87.0M |
| FY2026 through June 30 | 72 loans, $48.4M |
| FY2025 | 110 loans, $118.2M |
| Average loan size | $790,459 (last 12 months) |
| Starting rate | 9.75% median (last 12 months); 9.54% average FY2026 through June |
| Programs used | Preferred Lenders Program, International Trade, CAPLine; no SBA Express (0% in SBA data); 504 not advertised |
| Reach | Projects in 17 states since FY2020, led by Texas, Arizona, Missouri, Florida and Colorado |
| Charge-offs | 16 of 746 loans approved since FY2020 |
Business buyers dominate: 50 of the last 110 loans financed a change of ownership. Volume fell from 148 loans in FY2020 to 110 in FY2025.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
Midwest Regional Bank SBA rates and fees
Midwest Regional Bank's SBA 7(a) loans carried a median starting rate of 9.75% over the 12 months to June 2026, which is Prime + 3% at the 6.75% Prime rate in effect for most of that stretch. That is the SBA ceiling for loans above $350K, and no FY2026 loan through June started higher than 9.75%. Caps run from Prime + 6.5% (up to $50K) to Prime + 3% (above $350K); Prime has been 7.00% since September 16, 2026.
- Charged: interest; the SBA guaranty fee (3% of the guaranteed share on loans of $150,001 to $700,000); any bank packaging or closing costs, which the bank does not publish
- Not charged: SBA prepayment penalties on terms under 15 years; no balloon payment
Worked example: a $350,000, 10-year 7(a) loan at the bank's 9.75% median costs $4,576.96 a month. Over 120 payments you repay $549,235.02, of which $199,235.02 is interest. The SBA guarantees 75% ($262,500), so the guaranty fee is $7,875; netting it from the proceeds puts the APR near 10.29%.
Midwest Regional Bank requirements
Midwest Regional Bank publishes no credit-score, revenue or time-in-business minimum; SBA rules require at least 10% equity from startups and buyers.
| Requirement | Midwest Regional Bank minimum |
|---|---|
| Personal credit score | Lender does not publish; full credit underwriting |
| Time in business | None; 21 of the last 110 loans went to startups |
| Annual revenue | Lender does not publish; business must meet SBA size standards |
| Down payment / equity | From 10%; a smaller injection can be offset by other strengths |
| Collateral / guarantee | Collateral on every loan in the last 12 months; personal guarantee from 20%+ owners |
| Typical time to close | Several weeks (see FAQ) |
Pros and cons
Its strengths are Preferred Lender speed and acquisitions; its weaknesses are top-of-cap pricing and no posted terms.
Pros
- Approves almost all 7(a) loans in-house under SBA's Preferred Lenders Program
- Strong fit for acquisitions and franchises (50 change-of-ownership loans in the last 12 months)
- Lends to startups and counts projected cash flow
Cons
- Median rate of 9.75% sits at the SBA cap for loans over $350K
- No published rates, fees or credit minimums
- No SBA Express loans and no 504 on its site; none under $98,000 since FY2020
- Collateral required on every recent loan
- 16 charge-offs since FY2020
Midwest Regional Bank alternatives on Lender List
Two SBA lenders on Lender List offer a lower median rate or smaller loans.
- Busey Bank — Illinois-based Preferred Lender with St. Louis-area branches; 9.25% median starting rate over the last 12 months; $746,000 median loan since FY2020
- Newtek Bank — national SBA lender that approved 4,678 7(a) loans in the last 12 months, with a $200,000 median loan since FY2020 for smaller deals
- Browse all SBA 7(a) loans on Lender List
Frequently asked questions about Midwest Regional Bank
Searchers mostly ask whether Midwest Regional Bank is legit, where it lends and whether it funds startups.
Is Midwest Regional Bank Legit? Yes. Midwest Regional Bank has operated since 1894, has been FDIC-insured since 1934 (cert 8889) and holds $949.0 million in assets. It approved 746 SBA 7(a) loans from FY2020 through June 2026, mostly under Preferred Lender authority, with 16 charge-offs. We could not verify a BBB rating.
Does Midwest Regional Bank Make SBA Loans Outside Missouri? Yes. Only 18 of its 110 SBA loans in the year to June 2026 financed Missouri projects; Arizona (34), Florida (22) and Texas (16) together took most of the rest. The bank lists SBA managers for Arizona, Florida and Dallas.
Where Is Midwest Regional Bank Located? Midwest Regional Bank is headquartered in Clayton, Missouri, per the FDIC, and its SBA loans are booked from Festus. It runs seven Missouri offices: Festus, Arnold, Chesterfield, Clayton, Kirkwood, Sunset Hills and Otterville, plus SBA loan officers in five other states.
How Long Does Midwest Regional Bank Take to Close an SBA Loan? Plan on about 30 to 90 days from application to funding; the bank does not publish its own timeline. Preferred Lender status skips the 5 to 10 business-day SBA review, but appraisals, environmental reports and closing documents on real estate or acquisitions still take weeks.
Does Midwest Regional Bank Lend to Startups? Yes. Twenty-one of its 110 SBA 7(a) loans in the year to June 2026 funded startups, and the bank says it considers projected cash flow. Expect to put in at least 10% of the project cost, pledge collateral and sign a personal guarantee if you own 20% or more.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Owners buying an existing business, a franchise or owner-occupied real estate who want a bank-held SBA 7(a) loan above $350K (its FY2026 loans ran $106,000 to $2,449,000), in Missouri or in its SBA markets of Arizona, Florida, Texas and Colorado.
Not for: Borrowers who need cash in days, want posted rates and fees, or need an SBA loan under $100K (its smallest 7(a) loan since FY2020 was $98,000).
Lender List verdict: Midwest Regional Bank is a 132-year-old Missouri bank that approved 110 SBA 7(a) loans worth $87.0 million in the 12 months to June 30, 2026, most of them through SBA's Preferred Lenders Program. On loans over $350K, pricing sits at the ceiling: the median starting rate of 9.75% equals Prime + 3%, the SBA maximum for loans over $350K, and the bank publishes no rates or fees.
Midwest Regional Bank at a glance
Midwest Regional Bank is a 132-year-old Missouri bank making SBA 7(a) loans up to $5 million at a 9.75% median starting rate.
| Midwest Regional Bank | |
|---|---|
| Lender type | FDIC-insured state bank (cert 8889); SBA 7(a) lender, mostly Preferred Lenders Program |
| Founded | 1894 |
| HQ | Clayton, Missouri (SBA lending address: Festus, Missouri) |
| Parent/owner | Midwest Regional Bcorp Inc |
| Products | SBA 7(a), International Trade and CAPLine loans; commercial, construction, equipment and USDA loans |
| Amounts | Up to $5,000,000 (FY2026 loans through June: $106,000 to $2,449,000) |
| Cost | 9.75% median starting rate (last 12 months); variable, tied to Prime |
| Term | Up to 25 years; 10 years most common |
| Funding speed | Lender does not publish; SBA 7(a) loans typically take 30 to 90 days to fund |
| Status | Active; last SBA approval in the data June 30, 2026 |
What is Midwest Regional Bank?
Midwest Regional Bank is a community bank chartered in 1894 with $949.0 million in assets and seven Missouri offices, headquartered in Clayton per the FDIC. Its branches sit in Festus, Arnold, Chesterfield, Clayton, Kirkwood, Sunset Hills and Otterville, where it operates as The Bank of Otterville.
Online Midwest Regional Bank SBA loan reviews are thin, so this review of its business and SBA lending leans on SBA data. Its SBA arm outgrew its branch map: loan teams work in Arizona, Florida, Texas, Colorado and North Carolina, and Arizona projects (34) outnumbered Missouri ones (18) over the last 12 months.
How Midwest Regional Bank's SBA loans work
Midwest Regional Bank offers SBA 7(a) loans of up to $5 million with terms of up to 25 years and down payments from 10%. You apply through a named SBA loan officer in your market, using the bank's downloadable SBA application and personal financial statement.
- Uses: business purchases, franchises, real estate, tenant improvements, equipment, working capital and refinancing
- Terms: up to 25 years with no balloon payment; 10 years is the most common term
- Rate type: variable, tied to Prime (every FY2026 loan through June)
- Underwriting: projected cash flow can count
- Industries: none excluded; restaurants and gyms lead, and 16 of the last 110 loans financed franchises
Midwest Regional Bank's SBA programs
Midwest Regional Bank approved 110 SBA 7(a) loans totaling $87.0 million in the 12 months to June 30, 2026, and 105 of them went through SBA's Preferred Lenders Program, which lets the bank approve loans without SBA review.
| SBA metric | Midwest Regional Bank |
|---|---|
| Last 12 months to June 30, 2026 | 110 loans, $87.0M |
| FY2026 through June 30 | 72 loans, $48.4M |
| FY2025 | 110 loans, $118.2M |
| Average loan size | $790,459 (last 12 months) |
| Starting rate | 9.75% median (last 12 months); 9.54% average FY2026 through June |
| Programs used | Preferred Lenders Program, International Trade, CAPLine; no SBA Express (0% in SBA data); 504 not advertised |
| Reach | Projects in 17 states since FY2020, led by Texas, Arizona, Missouri, Florida and Colorado |
| Charge-offs | 16 of 746 loans approved since FY2020 |
Business buyers dominate: 50 of the last 110 loans financed a change of ownership. Volume fell from 148 loans in FY2020 to 110 in FY2025.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
Midwest Regional Bank SBA rates and fees
Midwest Regional Bank's SBA 7(a) loans carried a median starting rate of 9.75% over the 12 months to June 2026, which is Prime + 3% at the 6.75% Prime rate in effect for most of that stretch. That is the SBA ceiling for loans above $350K, and no FY2026 loan through June started higher than 9.75%. Caps run from Prime + 6.5% (up to $50K) to Prime + 3% (above $350K); Prime has been 7.00% since September 16, 2026.
- Charged: interest; the SBA guaranty fee (3% of the guaranteed share on loans of $150,001 to $700,000); any bank packaging or closing costs, which the bank does not publish
- Not charged: SBA prepayment penalties on terms under 15 years; no balloon payment
Worked example: a $350,000, 10-year 7(a) loan at the bank's 9.75% median costs $4,576.96 a month. Over 120 payments you repay $549,235.02, of which $199,235.02 is interest. The SBA guarantees 75% ($262,500), so the guaranty fee is $7,875; netting it from the proceeds puts the APR near 10.29%.
Midwest Regional Bank requirements
Midwest Regional Bank publishes no credit-score, revenue or time-in-business minimum; SBA rules require at least 10% equity from startups and buyers.
| Requirement | Midwest Regional Bank minimum |
|---|---|
| Personal credit score | Lender does not publish; full credit underwriting |
| Time in business | None; 21 of the last 110 loans went to startups |
| Annual revenue | Lender does not publish; business must meet SBA size standards |
| Down payment / equity | From 10%; a smaller injection can be offset by other strengths |
| Collateral / guarantee | Collateral on every loan in the last 12 months; personal guarantee from 20%+ owners |
| Typical time to close | Several weeks (see FAQ) |
Pros and cons
Its strengths are Preferred Lender speed and acquisitions; its weaknesses are top-of-cap pricing and no posted terms.
Pros
- Approves almost all 7(a) loans in-house under SBA's Preferred Lenders Program
- Strong fit for acquisitions and franchises (50 change-of-ownership loans in the last 12 months)
- Lends to startups and counts projected cash flow
Cons
- Median rate of 9.75% sits at the SBA cap for loans over $350K
- No published rates, fees or credit minimums
- No SBA Express loans and no 504 on its site; none under $98,000 since FY2020
- Collateral required on every recent loan
- 16 charge-offs since FY2020
Midwest Regional Bank alternatives on Lender List
Two SBA lenders on Lender List offer a lower median rate or smaller loans.
- Busey Bank — Illinois-based Preferred Lender with St. Louis-area branches; 9.25% median starting rate over the last 12 months; $746,000 median loan since FY2020
- Newtek Bank — national SBA lender that approved 4,678 7(a) loans in the last 12 months, with a $200,000 median loan since FY2020 for smaller deals
- Browse all SBA 7(a) loans on Lender List
Frequently asked questions about Midwest Regional Bank
Searchers mostly ask whether Midwest Regional Bank is legit, where it lends and whether it funds startups.
Is Midwest Regional Bank Legit? Yes. Midwest Regional Bank has operated since 1894, has been FDIC-insured since 1934 (cert 8889) and holds $949.0 million in assets. It approved 746 SBA 7(a) loans from FY2020 through June 2026, mostly under Preferred Lender authority, with 16 charge-offs. We could not verify a BBB rating.
Does Midwest Regional Bank Make SBA Loans Outside Missouri? Yes. Only 18 of its 110 SBA loans in the year to June 2026 financed Missouri projects; Arizona (34), Florida (22) and Texas (16) together took most of the rest. The bank lists SBA managers for Arizona, Florida and Dallas.
Where Is Midwest Regional Bank Located? Midwest Regional Bank is headquartered in Clayton, Missouri, per the FDIC, and its SBA loans are booked from Festus. It runs seven Missouri offices: Festus, Arnold, Chesterfield, Clayton, Kirkwood, Sunset Hills and Otterville, plus SBA loan officers in five other states.
How Long Does Midwest Regional Bank Take to Close an SBA Loan? Plan on about 30 to 90 days from application to funding; the bank does not publish its own timeline. Preferred Lender status skips the 5 to 10 business-day SBA review, but appraisals, environmental reports and closing documents on real estate or acquisitions still take weeks.
Does Midwest Regional Bank Lend to Startups? Yes. Twenty-one of its 110 SBA 7(a) loans in the year to June 2026 funded startups, and the bank says it considers projected cash flow. Expect to put in at least 10% of the project cost, pledge collateral and sign a personal guarantee if you own 20% or more.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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