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Financing your business is a big deal no matter the size. That’s why we make getting loans hassle-free and personalized.

Let’s Get Started

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Financing Options

Loans & Lines of Credit

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Financing Amounts

Up to $250,000

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Time to Funds

As Fast as 24 Hours

You’ve got goals – and some of them take money. Together, we’ll make them happen.

Are you looking to take the next step in your business evolution? We have experience helping businesses just like yours reach the next stage by helping them find the right funding.

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Capital to start or grow your business

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Lines of Credit so you have cash when you need it.

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Equipment Financing so you have tools to get the job done.

How To Get a Small Business Loan

  1. Let’s get to know each other.
    Apply online, stop by any Midland location, or give us a call, and our team will reach out to better understand your story and prepare personalized recommendations.
  2. Now, let’s review your options.
    Your loan specialist will review your financing options with you and answer any questions you have along the way.
  3. Time to submit your financial documents.
    Don’t worry, the loan specialist will tell you exactly what documents they need so you’re one step closer to financing your goals.
  4. The final offer and terms are ready to be accepted
    The loan specialist will send you the final loan offer and business terms so you can sign and be done.
  5. Funding arrives
    You’ve done it! The funds will be deposited per your agreement, and you can focus on growing your business.

You’re busy, so we’ll make this easy. Here’s what you need to know.

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Secured Loans

A secured loan is money you borrow with an asset as collateral. You'll receive a lump sum to repay over a specific term with an interest rate. Our secured loan application process is fast and connects businesses with ample funding and longer terms.

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    Unsecured Loans

    Unsecured loans are similar to secured loans. You'll repay your lump sum over time with an interest rate. Where these differ is that unsecured loans are available without collateral requirements, making them a great solution for newer businesses.

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      Lines of Credit

      A small business line of credit will grant you access to funding, but you'll only pay for what you use. Similar to a credit card, you'll have a revolving limit and a minimum payment.

      A map marker on Illinois and MissouriEligibility Requirements

      • The business must be located in or headquartered in Illinois, Missouri, Indiana, Wisconsin, or Iowa.
      • The company must be registered with the Secretary of State in good standing. However, this is not required for sole proprietors.
      • Financing amount must be under $250,000.

      Looking for financing over $250,000?

      Our commercial team is ready to find the financing solution for you.

      Commercial Lending Options

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      florist looking at a tabletWhy Midland States Bank?

      As a small business owner, you know how much effort goes into meeting your financial obligations. You're seeing success at your level, but how do you take the next steps? When you borrow through a reputable financial institution like Midland States Bank, you'll access the funding that will empower you to start or grow your business and experience:

      • Competitive interest rates and loan terms.
      • A streamlined application process.
      • Fast approval.
      • Industry-specific loan guidance.

      You Have Questions, We Have Answers

      Our small business loans and lines of credit reach up to $250,000.

      Turnaround time depends on the situation, but some applicants could qualify as quickly as the same day.

      You can use a small business loan for any of your business's needs, such as purchasing equipment, extra inventory, expanding, or everyday operations.

      You can use the money you borrow for almost any expense. We recommend using your funds for short-term expenses that drive revenue, but we will work with you to understand your story and find a financing solution that’s right for it. For instance, you can use a line of credit to support large business orders, to manage seasonal fluctuations in revenue and expenses, and to provide alternatives to long cash conversion cycles.

      You can pay by either using our online or mobile banking services or visiting a nearby Midland States Bank location.

      Midland States Bank is an SBA preferred lender and has a loan application portal that applicants can use if they’re needing funding from $25,000 to $5 Million in the business lending areas of IL, MO, IN, WI, IA.

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      Ready to talk to a loan specialist?

      Whether you’ve been running a business for years or just starting out, we’re here to help by phone or in-person. Or complete the form below and a Midland States Bank representative will be in touch to understand more about your story and connect you with financing options.

      1-855-696-4352, Select Option 5

      Schedule Appointment

      All lending products are subject to application and credit approval..

      Let's Connect.