Midland States Bank: loans and programs

Midland States Bank stands at 263 approved loans and $191.0 million gross, FY2017 to FY2026. All 263 loans at Midland States Bank are 7(a); 0 are 504. IL is the lender state SBA records for Midland States Bank. SBA, not Midland States Bank, guarantees these 263 loans. The figures for Midland States Bank are loan records only. SBA records Midland States Bank as holding, or having held, these 263 loans.

Classes and places for Midland States Bank

Midland States Bank has 161 loans, of 263, outside the classes followed here. Of the classes followed, Midland States Bank reads as follows: Limited-service restaurant (32), Full-service restaurant (15), Fitness center (14), Hotel and motel (7), Child care center (5), Liquor store (5). Limited-service restaurant borrowers can weigh a project beside 32 such loans at Midland States Bank. Full-service restaurant follows with 15 loans at Midland States Bank. In Fitness center, Midland States Bank shows 14 loans. Missouri follows with 45 loans in the Midland States Bank record. The state column for Midland States Bank opens Illinois (164), Missouri (45), Indiana (8), Florida (6), Ohio (6), Michigan (5). Lender state in the file: IL, yet the most loans sit in Illinois.

Midland States Bank: cancellations and losses

For Midland States Bank approvals from FY2017 to FY2024, 8.1% are known cancelled, a floor. At Midland States Bank, the upper bound is not printed because a Loan Analytics test needs 30 loans, and a rate held back never means zero. The charge-off floor for Midland States Bank on FY2017 to FY2021 disbursements is 5.4%, taken over 112 loans. The five-year view for Midland States Bank is absent too, withheld under the same rule of fewer than 30 loans. Every rate for Midland States Bank is a floor, and any later write-offs within the cohort would raise it.

The Midland States Bank record and a feasibility study

Limited-service restaurant at Midland States Bank starts with a demand test. Next, a study of Full-service restaurant tests the cost to build, with 15 such loans on Midland States Bank's record. Debt service coverage follows, and $191.0 million across 263 loans at Midland States Bank cannot settle it for a project. The appraisal is needed too, and 14 Fitness center loans at Midland States Bank do not replace it. A project in Illinois will see 164 loans in the Midland States Bank record, and one in Missouri, 45. Midland States Bank alone decides what it requires. No figure implies approval at all, and Midland States Bank sets its own terms.

SBA loans held by Midland States Bank

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	263
Gross dollars approved	$191.0 million
SBA 7(a) loans	263
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	8.1%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	5.4%
Charged off within five years of approval	withheld
Loans in that cohort	112

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	161
Limited-service restaurant	32
Full-service restaurant	15
Fitness center	14
Hotel and motel	7
Child care center	5
Liquor store	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Illinois	164
Missouri	45
Indiana	8
Florida	6
Ohio	6
Michigan	5

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-1040.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Midland States Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Midland States Bank: SBA Lending Record