SBA lending record

Midwest Interventional Systems, Inc.

6450 Wedgwood Road N Suite 110, Maple Grove, MN 55311 · Surgical and Medical Instrument Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$500K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

● business · ● lender — business location is the ZIP-area centroid from the public record

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The loan

$500,000 — FY2021

Gross approval: $500,000
SBA guaranteed: $375,000 (75%)
Status: Current
Rate at approval: 5.5% v
Term: 120 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/20/2020
First disbursement: 11/30/2020
Days to fund: 10 days
Collateral: Required
Jobs supported: 22
Business type

The lender

Gateway Bank

1 loan to this business

Total assets: $313.1B
Deposits: $282.5B
Loans outstanding: $227.2B
Net income: $278.0M
Return on assets: 0.3618925810393672%
Return on equity: 3.78%
Total equity: $27.0B
Offices: 2
Founded: 01/2
Headquarters: 745 Market St, Mendota Heights, MN, 55118
FDIC cert: 57644
Website: www.gateway.bank

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Midwest Interventional Systems, Inc..