Midland States Bank
Headquartered in EFFINGHAM, IL. Analysis based on 139 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $68.8M.
Total 7(a) loans
139
Total approved
$68.8M
Average loan
$495K
States funded in
9
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
22.62%
Average rate
8.09%
Average term
142 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 19 |
| 713940 | Fitness and Recreational Sports Centers | 5 |
| 812113 | Nail Salons | 4 |
| 722511 | Full-Service Restaurants | 4 |
| 236118 | Residential Remodelers | 4 |
| 561730 | Landscaping Services | 3 |
| 624410 | Child Day Care Services | 3 |
| 541430 | Graphic Design Services | 3 |
| 524210 | Insurance Agencies and Brokerages | 3 |
| 238290 | Other Building Equipment Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| IL | 88 |
| MO | 34 |
| IN | 6 |
| WI | 4 |
| MI | 2 |
| FL | 2 |
| OH | 1 |
| MD | 1 |
| NE | 1 |
Top franchise brands financed
25 franchise loans across 16 distinct brands.
| Franchise | Loans |
|---|---|
| Jersey Mike's | 4 |
| Nautical Bowls | 3 |
| Buffalo Wild Wings | 3 |
| Playtri | 2 |
| Smoothie King | 2 |
| Courtyard by Marriott | 1 |
| Subway | 1 |
| General Motors, LLC (Chevrolet | 1 |
| Buffalo Wild Wings GO | 1 |
| Residence Inn by Marriott | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.