SBA lender profile
Midland States Bank
Midland States Bank appears in the public SBA loan data with 147 funded 7(a) loans totaling $73.4M, an average of $499K per loan, and an estimated 1,795 jobs supported. Its SBA lending concentrates in Illinois and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
147
Total volume
$73.4M
Average loan size
$499K
Charge-off rate
0.7%
Share of funded loans charged off
Jobs supported (reported)
1,795
Programs
7(a)
Bank profile
via FDIC- Total assets
- $6.5B
- Headquarters
- Effingham, IL
- FDIC cert
- #1040
- Status
- Active
Where Midland States Bank lends
Top states by funded SBA volume.
What Midland States Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 26 | $24.3M |
| Accommodation and Food Services | 34 | $17.2M |
| Retail Trade | 18 | $8.8M |
| Construction | 13 | $5.6M |
| Other Services | 15 | $5.3M |
| Administrative and Support | 9 | $4.0M |
Midland States Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 5 | $4.0M |
| 2021 | 20 | $6.4M |
| 2022 | 25 | $20.9M |
| 2023 | 34 | $12.9M |
| 2024 | 27 | $15.4M |
| 2025 | 26 | $8.3M |
| 2026 | 10 | $5.5M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Midland States Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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