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Commercial Lending

Grow your company or repay debt with no collateral loans from Midland States Bank.

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Get Quick Access to Lump-Sum Working Capital

At Midland States Bank, we offer unsecured loans that grant a one-time working capital influx you can repay over time. Our unsecured business loans feature competitive interest rates and terms of up to 60 months.

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Loan Amounts

$250,000 & Up

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Loan Terms

Up to 5 Years

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Interest Rate

As Low as 8%*

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No Collateral, No Problem

Get the money your business needs without having to worry about the possibility of losing assets. Unsecured loans can be a good option for companies looking to cover expected or unexpected costs as they come up without draining cash reserves. At Midland States Bank, we focus on your business plan and potential instead of collateral available to identify your loan eligibility. 

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Unsecured vs Secured Business Loans 

Unsecured Business Loans

These can help companies obtain lump-sum working capital without offering a business asset as collateral. The application process for unsecured loans is faster than other types, making them an excellent choice for businesses that need quick capital but want to retain their assets.

Secured Business Loans

These offer some of the most competitive interest rates because the assets you use as collateral will secure your loan, meaning you're more likely to receive a lower interest rate.

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Funding That Moves at the Speed of Business

At Midland States Bank, we help businesses achieve more by offering unsecured loans with:

  • Low interest rates and fees.
  • Automatic digital payment options.
  • Borrowing advice from financial experts who know your industry.
  • Quick approval turnarounds.

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Looking for a loan that’s less than $250,000?

Our team of small business financing specialists are here to help.

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About Midland States Bank

Midland States Bank is a financial institution with nearly 30 years of experience in Missouri and Illinois. We have dozens of branches where you can discuss borrowing options in person with our Commercial Relationship Managers. Your business makes our neighborhood a wonderful place to live, so count on us to propel you toward a strong financial future.

Frequently Asked Questions

We'll ask for information about you and your business when considering you for an unsecured business loan:

  • Business and personal credit scores
  • Years of operation
  • Annual revenue
  • Debt-to-income ratio

Your fixed interest rate will depend on factors like you and your business's credit histories and the market as a whole. After considering the wider market, we'll set your interest rate according to a risk scale from one to 10, where one is low risk and 10 is high risk.

The amount your business can borrow depends on credit history, annual revenue, years in business and related factors. We offer many businesses more than $250,000 through unsecured loans.

You can pay toward your principal and interest by visiting or mailing a check to a local Midland States Bank branch. You can also pay remotely by submitting manual or automatic payments through our online and mobile banking services.

We offer unsecured business lines of credit in addition to our unsecured loans.

We offer fast approval for unsecured loans. Loans up to $500,000 only require a single-page application. Many borrowers receive feedback within 24 hours.

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Not sure where to start? We can help.

We're here to help online or in-person. Fill out the form below and a Midland States Bank representative will reach out to you shortly to better understand your company’s needs and find a personalized financing solution for you.


Schedule Appointment

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