STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
GOOD
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
512
2010–2026
Total Volume
$343M
Gross loan amounts
States Active
25
With recorded loans
Programs
7(a) & 504
512 total segments
Midland States Bank has a strong presence in the manufacturing sector with 92 deals, making it a solid choice for businesses in this industry. This focus can benefit borrowers looking for industry-specific expertise.
With an average 7(a) spread of P+1.96%, Midland States Bank offers competitive pricing compared to the national median of ~P+2.75%. This lower spread can save borrowers money over the life of their loan.
Despite a diverse program mix, Midland States Bank's growth trend shows an 18% decline in year-over-year deals. Potential borrowers should consider this trend as it may impact the lender's willingness to approve new loans.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 111 504 loans, which use fixed SBA debenture rates.
Top 15 of 25 states where Midland States Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Hotels & Accommodation
Accommodation & Food Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Transportation & Warehousing
Transportation & Warehousing
+ 7 more
All recorded SBA lending activity for Midland States Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Manufacturing · Under $150K | 7(a) | 18 | P+2.50% | $59K | Q2 2025 |
| Illinois · Other Health Practitioners · Under $150K | 7(a) | 16 | P+2.29% | $75K | Q2 2024 |
| Illinois · Specialty Trade Contractors · Under $150K | 7(a) | 11 | P+2.25% | $70K | Q2 2024 |
| Illinois · Restaurants & Food Service · Under $150K | 7(a) | 10 | P+2.38% | $101K | Q3 2024 |
| Illinois · Transportation & Warehousing · Under $150K | 7(a) | 10 | P+2.25% | $89K | Q2 2017 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 10 | P+2.00% | $247K | Q2 2025 |
| Illinois · Restaurants & Food Service · $500K – $1M | 7(a) | 9 | P+2.00% | $637K | Q4 2025 |
| Illinois · Manufacturing · $500K – $1M | 7(a) | 9 | P+1.75% | $749K | Q3 2023 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 7 | P+2.00% | $245K | Q3 2025 |
| Illinois · Manufacturing · $350K – $500K | 7(a) | 6 | P+1.63% | $446K | Q1 2024 |
| Illinois · Manufacturing · $2M – $5M | 7(a) | 6 | P+1.50% | $3.5M | Q2 2024 |
| Illinois · Restaurants & Food Service · $350K – $500K | 7(a) | 6 | P+2.00% | $408K | Q3 2024 |
| Illinois · Hotels & Accommodation · $2M – $5M | 504 | 6 | — | $3.1M | Q1 2025 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 6 | P+1.75% | $217K | Q3 2025 |
| Illinois · Retail Trade · Under $150K | 7(a) | 6 | P+2.13% | $31K | Q4 2016 |
| Missouri · Manufacturing · $350K – $500K | 7(a) | 5 | P+2.00% | $465K | Q4 2025 |
| Illinois · Administrative & Waste Services · Under $150K | 7(a) | 5 | P+1.75% | $125K | Q1 2024 |
| Illinois · Manufacturing · $350K – $500K | 504 | 5 | — | $423K | Q2 2024 |
| Illinois · Manufacturing · $1M – $2M | 504 | 5 | — | $1.4M | Q1 2015 |
| Illinois · Other Repair & Services · Under $150K | 7(a) | 5 | P+1.50% | $76K | Q3 2023 |
| Illinois · Social Assistance · Under $150K | 7(a) | 4 | P+2.38% | $85K | Q2 2025 |
| Illinois · Manufacturing · $2M – $5M | 504 | 4 | — | $2.7M | Q1 2022 |
| Illinois · Other Professional Services · Under $150K | 7(a) | 4 | P+1.00% | $47K | Q2 2014 |
| Illinois · Manufacturing · $150K – $350K | 504 | 4 | — | $253K | Q4 2024 |
| Illinois · Food & Beverage Stores · Under $150K | 7(a) | 4 | P+0.88% | $97K | Q1 2025 |
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