MidiCi: how its 29 SBA loans actually performed
Limited-Service Restaurants · 29 units financed with SBA 7(a) loans since 2010 · 18 lenders have funded this brand.
5 of 28 owners defaulted on their SBA loan
That is 17.9% — roughly 3 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Stearns Bank National Association | 6 |
| Happen Bank | 4 |
| First Business Bank | 2 |
| The Huntington National Bank | 2 |
| Paragon Bank | 2 |
| Simmons Bank | 1 |
18 lenders have funded MidiCi since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
MidiCi is a smaller-sample brand: 28 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 28 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many MidiCi SBA loans have defaulted?
5 of 28 seasoned MidiCi SBA 7(a) loans charged off within seven years — a 17.9% default rate, against 5.7% across all SBA 7(a) loans.
Is a MidiCi franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 28 loans it is a smaller sample than our flagship brands.
Which lenders fund MidiCi franchises?
18 lenders have made SBA loans to MidiCi since 2010, led by Stearns Bank National Association.