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SBA 7(a) franchise lending portfolio
Midland States Bank
ELEVATED risk
- Total loans
- 97
- Loan volume
- $50.0M
- Avg loan size
- $515K
- Default rate
- 17.5%
- vs 15.4% national avg
Defaults
11
Avg interest
7.36%
Franchises funded
71
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Jimmy John's | 4 | $610K | 0.0% |
| Anytime Fitness | 4 | $312K | 0.0% |
| Pita Pit | 4 | $1.2M | 66.7% |
| Jersey Mike's | 3 | $820K | 0.0% |
| Nautical Bowls | 3 | $918K | — |
| Buffalo Wild Wings | 3 | $1.6M | — |
| Big Apple Bagels | 2 | $280K | 0.0% |
| Quiznos | 2 | $305K | 0.0% |
| Granite Transformations | 2 | $150K | 0.0% |
| Servpro | 2 | $140K | 0.0% |
| Hand and Stone Massage and Fac | 2 | $1.2M | — |
| Goldfish Swim School | 2 | $3.7M | 0.0% |
| Subway | 2 | $203K | 0.0% |
| Dunkin' Donut/Baskin-Robbins C | 2 | $1.6M | 0.0% |
| EarthWise Pet Supply | 2 | $710K | 0.0% |
| Playtri | 2 | $558K | — |
| Smoothie King | 2 | $3.3M | — |
| All Tune And Lube | 1 | $125K | 100.0% |
| Frullati Cafe | 1 | $160K | 0.0% |
| Great Harvest Bread Co. | 1 | $100K | 0.0% |
Lending volume by year
1'93
1
2
1
6
3'00
2
3
2
2
4'05
4
4
2
2
2'12
2
3
8
21
1'20
1
6
4
3
6'25
1'26
Midland States Bank default rate by loan vintage
BrandNational avg
Geographic exposure
5612.5%
1122.2%
4100.0%
40.0%
333.3%
30.0%
20.0%
10.0%
10.0%
Portfolio summary
Total funded$50.0M
Defaults11 of 97
Risk tierELEVATED
Avg rate7.36%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).