Midstates Bank, National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Midstates Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 451110 | Sporting Goods Stores | 24 | $5.7M | $237K | 33.3% |
| 339112 | Surgical and Medical Instrument Manufacturing | 8 | $20.3M | $2.5M | 11.1% |
| 722511 | Full-Service Restaurants | 8 | $520K | $65K | 11.1% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $1.4M | $180K | 11.1% |
| 424130 | Industrial and Personal Service Paper Merchant Wholesalers | 8 | $13.3M | $1.7M | 11.1% |
| 811490 | Other Personal and Household Goods Repair and Maintenance | 8 | $200K | $25K | 11.1% |
| 488119 | Other Airport Operations | 8 | $920K | $115K | 11.1% |
Geographic Distribution
SBA lending activity for Midstates Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 72 | $42.3M | 100.0% |
Why Choose Midstates Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $42.3M in financing
- ✓Industry Expertise: Specialized focus on Sporting Goods Stores, Surgical and Medical Instrument Manufacturing, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.70% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $25K to $2.5M, with an average of $588K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Midstates Bank, National Association SBA lending
What types of businesses does Midstates Bank, National Association typically finance?
Midstates Bank, National Association specializes in SBA 7(a) lending to specific industries including sporting goods stores, surgical and medical instrument manufacturing, full-service restaurants, automotive body, paint, and interior repair and maintenance. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Midstates Bank, National Association's typical SBA loan terms?
Midstates Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 5.70% and average term length of 103 months (approximately 9 years). Loan sizes range from $25K to $2.5M, with an average loan size of $588K.
Do I need a business valuation for a Midstates Bank, National Association SBA loan?
Yes, Midstates Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Midstates Bank, National Association compare to other SBA lenders?
Midstates Bank, National Association has originated 72 SBA loans totaling $42.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Midstates Bank, National Association lend in?
Midstates Bank, National Association provides SBA 7(a) financing with particularly strong presence in IA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.