MS
SBA 7(a) franchise lending portfolio
Midland States Bank
Risk rating: Elevated
- Total loans
- 97
- Loan volume
- $50.0M
- Avg loan size
- $515K
- Charge-off rate
- 17.5%
- vs 16.0% national
Charged off
11
Avg interest
7.36%
Franchises funded
71
Risk rating
Elevated
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Jimmy John's | 4 | $610K | N/A |
| Anytime Fitness | 4 | $312K | N/A |
| Pita Pit | 4 | $1.2M | N/A |
| Jersey Mike's | 3 | $820K | N/A |
| Nautical Bowls | 3 | $918K | N/A |
| Buffalo Wild Wings | 3 | $1.6M | N/A |
| Big Apple Bagels | 2 | $280K | N/A |
| Quiznos | 2 | $305K | N/A |
| Granite Transformations | 2 | $150K | N/A |
| Servpro | 2 | $140K | N/A |
| Hand and Stone Massage and Fac | 2 | $1.2M | N/A |
| Goldfish Swim School | 2 | $3.7M | N/A |
| Subway | 2 | $203K | N/A |
| Dunkin' Donut/Baskin-Robbins C | 2 | $1.6M | N/A |
| EarthWise Pet Supply | 2 | $710K | N/A |
| Playtri | 2 | $558K | N/A |
| Smoothie King | 2 | $3.3M | N/A |
| All Tune And Lube | 1 | $125K | N/A |
| Frullati Cafe | 1 | $160K | N/A |
| Great Harvest Bread Co. | 1 | $100K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1993 | 1 |
| FY1994 | 1 |
| FY1996 | 2 |
| FY1998 | 1 |
| FY1999 | 6 |
| FY2000 | 3 |
| FY2001 | 2 |
| FY2002 | 3 |
| FY2003 | 2 |
| FY2004 | 2 |
| FY2005 | 4 |
| FY2006 | 4 |
| FY2007 | 4 |
| FY2009 | 2 |
| FY2011 | 2 |
| FY2012 | 2 |
| FY2013 | 2 |
| FY2014 | 3 |
| FY2018 | 8 |
| FY2019 | 21 |
| FY2020 | 1 |
| FY2021 | 1 |
| FY2022 | 6 |
| FY2023 | 4 |
| FY2024 | 3 |
| FY2025 | 6 |
| FY2026 | 1 |
SBA 7(a) · charge-off rate by approval year
Midland States Bank charge-off rate by loan vintage
Only 1 of these 9 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1999 | 6 | 0 | Too few |
| 2000 | 3 | 2 | Too few |
| 2002 | 3 | 0 | Too few |
| 2005 | 4 | 1 | Too few |
| 2006 | 4 | 0 | Too few |
| 2007 | 4 | 0 | Too few |
| 2014 | 3 | 0 | Too few |
| 2018 | 4 | 1 | Too few |
| 2019 | 11 | 3 | 27.3% |
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
5612.5% (average)
1122.2% (high risk)
4N/A
4N/A
3N/A
3N/A
3N/A
2N/A
1N/A
1N/A
Portfolio summary
Total funded$50.0M
Charged off11 of 97
Risk tierElevated
Avg rate7.36%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Midland States Bank originated?
- 97 loans totaling $50.0M. The portfolio carries a 17.5% charge-off rate, earning a “Elevated” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Midland States Bank's rate of 17.5% is above the national rate.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Midland States Bank fund the most?
- The “Top franchise exposures” table above lists the brands Midland States Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.