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Midland States Bank

Listed
Bank for equipment financing and business lines of creditEffingham, IllinoisBased in Illinois; service area not yet provided
BBLL 000911Listed Oct 2026From public recordsLast checked Oct 31, 2026

About

Midland States Bank publishes a secured small-business line up to $250,000 and an unsecured term loan up to $25,000. Both pages identify Illinois, Missouri, Indiana, Wisconsin and Iowa as eligible business locations or headquarters.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

From the lender's own site and public records.

A second look at Midland States Bank

Midland States Bank publishes a secured small-business line up to $250,000 and an unsecured term loan up to $25,000. Both pages identify Illinois, Missouri, Indiana, Wisconsin and Iowa as eligible business locations or headquarters.

Direct bank lender; individual facilities remain subject to bank underwriting.

Published by Levr, not by Midland States Bank. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business lending

Secured line
Advertised up to $250,000, with terms up to 12 months and fixed-rate details on the small-business page.
Unsecured loan
Up to $25,000 and five years at a fixed rate; personal guarantee required, with no minimum time in business published.
Program geography
Business must be located or headquartered in Illinois, Missouri, Indiana, Wisconsin or Iowa.

Provider sources: Small business line · Unsecured business loan

When it may fit

Our assessment of the published programs

  • Could suit a smaller Midwest operator comparing a collateral-backed revolving facility with a personally guaranteed term loan.

What to weigh carefully

  • The pages also say financed amounts must be under the displayed caps; confirm boundary amounts, collateral and final payment terms.

Questions before you accept an offer

  1. Is the maximum inclusive or strictly below the displayed cap?
  2. What interest-only draw period and principal repayment apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Wells Fargo

Compare Wells Fargo for U.S. business credit and equipment financing; confirm geographic availability.

U.S. Bank

Compare U.S. Bank for conventional and SBA business credit; confirm local service and transaction fit.

The lender

Type
Bank
Legal name
Midland States Bank
Founded
1881
Charter
Not yet provided Add it
Headquarters
Effingham, Illinois
Service area
Based in Illinois; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
LinkedIn
Company page

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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