SBA lender profile
Midland States Bank
Midland States Bank appears in the public SBA loan data with 410 funded 7(a) loans since FY2010, totaling $234.1M, an average of $571K per loan, and an estimated 5,899 jobs supported. Its SBA lending concentrates in Illinois and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 4.6%. 31.9% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 63
- Scale 81
- Activity 78
- Consistency 79
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Midland States Bank the right lender for you?
Lenders fund what they know. Midland States Bank's SBA lending concentrates in Illinois (294 loans) and Manufacturing (70 loans), at an average loan of $571K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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.
Metro areas where Midland States Bank funds
What Midland States Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 70 | $64.1M |
| Accommodation and Food Services | 73 | $50.6M |
| Other Services | 42 | $29.0M |
| Health Care and Social Assistance | 32 | $17.5M |
| Retail Trade | 43 | $14.5M |
| Construction | 41 | $14.5M |
Midland States Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 10 | $4.2M |
| 2011 | 19 | $5.9M |
| 2012 | 16 | $2.5M |
| 2013 | 36 | $21.9M |
| 2014 | 44 | $10.9M |
| 2015 | 21 | $6.0M |
| 2016 | 17 | $4.7M |
| 2017 | 13 | $1.4M |
| 2018 | 32 | $36.8M |
| 2019 | 55 | $66.3M |
| 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 |
Related SBA lenders
Other lenders active in Illinois or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Midland States Bank: frequently asked questions
Does Midland States Bank offer SBA loans?
Yes. Midland States Bank appears in the public SBA data with 410 funded SBA 7(a) loans totaling $234.1M.
How many SBA loans has Midland States Bank made?
Midland States Bank is associated with 410 SBA 7(a) loans totaling $234.1M in the public SBA data (as of 2026-03-31).
What is Midland States Bank's SBA charge-off rate?
About 4.6% of Midland States Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Midland States Bank do most of its SBA lending?
Midland States Bank's SBA lending in the data is most concentrated in Illinois, and by industry in Manufacturing.
Is Midland States Bank an SBA Preferred Lender (PLP)?
The loan record shows Midland States Bank operating under PLP delegated authority: 131 of its 7(a) loans (31.9%) were processed through the Preferred Lenders Program, including 43 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Midland States Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/midland-states-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.