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SBA 7(a) record
Platinum Bank: SBA 7(a) loans made
Platinum Bank, a bank based in Oakdale, MN, made 198 SBA 7(a) loans in the 36 months ending September 30, 2026, $144.7M in all, net of cancelled approvals. The typical loan was about $500K, and 20 were in the last 12 months. Most were in Minnesota.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 198
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $145M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $500K
- SBA FOIA,
- Largest loan
- $5M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 20
- SBA FOIA,
Cite this
Source: The Lender Report, Platinum Bank: SBA 7(a) loans made, https://lender.report/lender/platinum-bank-mn/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Aug 2026 | Minnesota | SBA 7(a), Indoor and Outdoor Display Advertising | $510K | 8.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Texas | SBA 7(a), Amusement and Theme Parks | $4M | 8.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Wisconsin | SBA 7(a), General Automotive Repair | $850K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Minnesota | SBA 7(a), Electronics and Appliance Retailers | $500K | 8.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Minnesota | SBA 7(a), Temporary Help Services | $500K | 9.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Minnesota | SBA 7(a), Transportation and Warehousing | $200K | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $1M | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Tile and Terrazzo Contractors | $750K | 8.25% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $500K | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | Tennessee | SBA 7(a), Fitness and Recreational Sports Centers | $440K | 9.25% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Other Services to Buildings and Dwellings | $280K | 9.25% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Other Services to Buildings and Dwellings | $50K | 9.25% | 10 yr | SBA FOIA | |
| Apr 2026 | Minnesota | SBA 7(a), Manufacturing | $500K | 8.25% | 10 yr | SBA FOIA | |
| Mar 2026 | Minnesota | SBA 7(a), General Automotive Repair | $440K | 9.25% | 10 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Other Services (except Public Administration) | $1.1M | 9.25% | 10 yr | SBA FOIA | |
| Dec 2025 | Minnesota | SBA 7(a), All Other Professional, Scientific, and Technical Services | $350K | 8% | 10 yr | SBA FOIA | |
| Nov 2025 | New Hampshire | SBA 7(a), All Other Miscellaneous Retailers | $4.8M | 9.25% | 14 yr | SBA FOIA | |
| Nov 2025 | Washington | SBA 7(a), Sign Manufacturing | $3M | 9.5% | 10 yr | SBA FOIA | |
| Nov 2025 | Washington | SBA 7(a), Sign Manufacturing | $250K | 11.75% | 10 yr | SBA FOIA | |
| Nov 2025 | New Hampshire | SBA 7(a), Manufacturing | $200K | 9.25% | 10 yr | SBA FOIA | |
| Sep 2025 | Pennsylvania | SBA 7(a), Local Messengers and Local Delivery | $830K | 10% | 10 yr | SBA FOIA | |
| Sep 2025 | South Carolina | SBA 7(a), Used Merchandise Retailers | $430K | 10.25% | 10 yr | SBA FOIA | |
| Sep 2025 | Florida | SBA 7(a), Pet Care (except Veterinary) Services | $340K | 9.75% | 10 yr | SBA FOIA | |
| Sep 2025 | Florida | SBA 7(a), All Other Miscellaneous Waste Management Services | $340K | 10.25% | 10 yr | SBA FOIA | |
| Sep 2025 | California | SBA 7(a), Fitness and Recreational Sports Centers | $290K | 9.75% | 10 yr | SBA FOIA | |
| 198 SBA 7(a) loans since October 2023, net of cancelled | $145M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 85 | $75.3M |
| California | 21 | $11.6M |
| Texas | 17 | $12.6M |
| Florida | 10 | $4.89M |
| South Carolina | 8 | $3.49M |
| Illinois | 7 | $2.93M |
| Georgia | 6 | $1.99M |
| Washington | 6 | $6.09M |
| Pennsylvania | 5 | $4.00M |
| Tennessee | 5 | $1.56M |
| Ohio | 4 | $4.49M |
| Wisconsin | 4 | $3.05M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 32 | $2.23M |
| $150K to $350K | 45 | $10.5M |
| $350K to $1M | 87 | $53.9M |
| $1M to $2.5M | 19 | $26.9M |
| $2.5M or more | 15 | $51.2M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 23 | $17.6M |
| 2024 Q1 | 13 | $10.3M |
| 2024 Q2 | 34 | $25.2M |
| 2024 Q3 | 23 | $12.5M |
| 2024 Q4 | 29 | $28.2M |
| 2025 Q1 | 16 | $7.90M |
| 2025 Q2 | 15 | $11.1M |
| 2025 Q3 | 25 | $11.7M |
| 2025 Q4 | 5 | $8.60M |
| 2026 Q1 | 2 | $1.54M |
| 2026 Q2 | 7 | $3.52M |
| 2026 Q3 | 6 | $6.56M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Fitness and Recreational Sports Centers (713940) | 51 |
| Other Personal Care Services (812199) | 27 |
| All Other Amusement and Recreation Industries (713990) | 4 |
| Electronics and Appliance Retailers (449210) | 4 |
| Limited-Service Restaurants (722513) | 4 |
| Services for the Elderly and Persons with Disabilities (624120) | 4 |
| Administrative and Support and Waste Management and Remediation Services | 3 |
| All Other Miscellaneous Retailers (459999) | 3 |
| All Other Professional, Scientific, and Technical Services (541990) | 3 |
| Educational Services | 3 |
| General Automotive Repair (811111) | 3 |
| Janitorial Services (561720) | 3 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 125 |
| SBA Express Program | 50 |
| 7a General | 17 |
| Seasonal CAPLine | 2 |
| 7a with EWCP | 1 |
| International Trade Loans | 1 |
- Platinum Bank made 198 SBA 7(a) loans totaling $144.7M in the 36 months ending September 30, 2026, net of cancelled approvals, in 25 states. SBA FOIA,
- 20 of them were in the 12 months to September 30, 2026, and 85 in the 12 months before. SBA FOIA,
- The typical loan was about $500K, with the middle half between $200K and $810K. SBA FOIA,
- The largest was about $5M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 32 loans were under $150K, and 34 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 10.25% on 198 loans, with the middle half between 9.75% and 10.75%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Fitness and Recreational Sports Centers, with 51. SBA FOIA,
- The SBA file lists 125 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in Minnesota (85), California (21) and Texas (17). SBA FOIA,
What we don't know
- Whether Platinum Bank is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.