GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
162
2010–2026
Total Volume
$65M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
162 total segments
Drake Bank has a notable 23% share of 504 loans, which is higher than the national average of 18%. This indicates a strong capability in financing real estate and larger projects, making them a good option for borrowers looking for these types of loans.
With an average 7(a) spread of P+2.31%, Drake Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your loan.
Drake Bank's deal volume has decreased by 33% year-over-year, indicating a potential tightening in lending. This trend could make it more challenging for new borrowers to secure loans, so it's wise to prepare a strong application.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 38 504 loans, which use fixed SBA debenture rates.
States where Drake Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Other Health Practitioners
Health Care & Social Assistance
Personal Care (Salons, Spas)
Other Services
Engineering & Architecture
Professional Services
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for Drake Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.25% | $256K | Q2 2025 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 6 | P+2.38% | $134K | Q2 2025 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+3.13% | $73K | Q3 2012 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 504 | 5 | — | $280K | Q4 2023 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 5 | P+2.00% | $122K | Q2 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 5 | P+2.25% | $250K | Q1 2022 |
| Minnesota · Personal Care (Salons, Spas) · Under $150K | 7(a) | 5 | P+2.00% | $94K | Q3 2024 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 4 | P+2.75% | $274K | Q3 2014 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 4 | P+2.63% | $64K | Q3 2012 |
| Minnesota · Building Construction · $150K – $350K | 7(a) | 3 | P+2.50% | $275K | Q4 2022 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 3 | P+2.00% | $150K | Q4 2023 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 3 | P+2.25% | $740K | Q1 2024 |
| Minnesota · Other Health Practitioners · $150K – $350K | 7(a) | 3 | P+2.00% | $248K | Q4 2024 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 3 | P+2.75% | $93K | Q4 2023 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 3 | P+2.75% | $217K | Q4 2012 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 504 | 3 | — | $204K | Q4 2022 |
| Minnesota · Specialty Trade Contractors · $350K – $500K | 7(a) | 2 | P+2.13% | $430K | Q2 2023 |
| Minnesota · Building Construction · Under $150K | 7(a) | 2 | P+2.50% | $50K | Q1 2012 |
| Minnesota · Social Assistance · Under $150K | 7(a) | 2 | P+2.13% | $100K | Q1 2012 |
| Minnesota · Engineering & Architecture · Under $150K | 7(a) | 2 | P+3.13% | $85K | Q1 2012 |
| Minnesota · Real Estate · $1M – $2M | 504 | 2 | — | $1.4M | Q1 2018 |
| Minnesota · Other Repair & Services · $150K – $350K | 7(a) | 2 | P+2.38% | $248K | Q4 2025 |
| Minnesota · Restaurants & Food Service · Under $150K | 504 | 2 | — | $125K | Q2 2012 |
| Minnesota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 2 | P+2.13% | $90K | Q1 2025 |
| Minnesota · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $238K | Q4 2021 |
Get a free personalized report comparing this lender against the best matches for your specific situation.
Free. No broker fees. Results in 10-15 minutes.
Real experiences from borrowers who closed SBA loans with Drake Bank.
No reviews yet. Be the first to review Drake Bank.