Midland States Bank
IL
SBA-approved lender offering 7 loan programs across 9 industries.
Key Metrics
Interest Rate
8.68%
1.93% over prime
Average Loan
$318K
Per approval
Total Approvals
26
FY 2025
Loan Programs (7)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Preferred Lenders Program
7a General
Loan Funds will Open Business
Industries Served (9)
Automotive Body, Paint, and Interior Repair and MaintenanceBaked Goods StoresChild Day Care ServicesFitness and Recreational Sports CentersHotels (except Casino Hotels) and MotelsLimited-Service RestaurantsPaint and Coating ManufacturingSheet Metal Work ManufacturingSnack and Nonalcoholic Beverage Bars
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.93%
- Effective Rate
- 8.68%
- Fiscal Year
- 2025
- States Served
- IL
- Website
- www.midlandsb.com
Ready to apply with Midland States Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.