STRONG
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.
GOOD
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
567
2010–2026
Total Volume
$416M
Gross loan amounts
States Active
28
With recorded loans
Programs
7(a) & 504
567 total segments
Platinum Bank has a strong focus on existing businesses, with 48% of their deals supporting established companies. This could be beneficial if you're looking to purchase or expand an existing operation.
With an average 7(a) spread of P+2.00%, Platinum Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Despite a solid volume of SBA loans, Platinum Bank's growth trend shows a significant decline of 39% year-over-year. This could indicate a tightening of lending standards, making it potentially harder for new borrowers to get approved.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 16 504 loans, which use fixed SBA debenture rates.
Top 15 of 28 states where Platinum Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Restaurants & Food Service
Accommodation & Food Services
Personal Care (Salons, Spas)
Other Services
Administrative & Waste Services
Administrative & Waste Services
Management & IT Consulting
Professional Services
+ 7 more
All recorded SBA lending activity for Platinum Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Wholesale Trade · $2M – $5M | 7(a) | 17 | P+1.00% | $3.7M | Q4 2024 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 17 | P+2.50% | $76K | Q2 2024 |
| Minnesota · Manufacturing · $1M – $2M | 7(a) | 15 | P+2.25% | $1.5M | Q3 2024 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 11 | P+2.50% | $123K | Q4 2024 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 10 | P+2.50% | $71K | Q2 2024 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 9 | P+2.00% | $274K | Q4 2022 |
| Minnesota · Wholesale Trade · $1M – $2M | 7(a) | 9 | P+1.25% | $1.8M | Q1 2021 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 9 | P+2.50% | $234K | Q1 2025 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 7(a) | 9 | P+1.75% | $448K | Q1 2025 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 7(a) | 8 | P+2.00% | $766K | Q2 2025 |
| Minnesota · Manufacturing · $350K – $500K | 7(a) | 8 | P+2.50% | $439K | Q2 2024 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 8 | P+2.00% | $280K | Q3 2023 |
| Minnesota · Specialty Trade Contractors · $500K – $1M | 7(a) | 7 | P+1.00% | $733K | Q3 2021 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 7 | P+2.25% | $67K | Q1 2025 |
| Minnesota · Specialty Trade Contractors · $350K – $500K | 7(a) | 7 | P+2.00% | $454K | Q4 2024 |
| Minnesota · Other Professional Services · $150K – $350K | 7(a) | 6 | P+2.50% | $270K | Q4 2025 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 6 | P+2.63% | $73K | Q3 2024 |
| Texas · Arts, Entertainment & Recreation · $500K – $1M | 7(a) | 6 | P+2.50% | $724K | Q3 2025 |
| Minnesota · Administrative & Waste Services · $500K – $1M | 7(a) | 6 | P+1.75% | $864K | Q2 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 6 | P+2.50% | $263K | Q4 2024 |
| Texas · Arts, Entertainment & Recreation · Under $150K | 7(a) | 5 | P+2.50% | $74K | Q3 2024 |
| Minnesota · Other Professional Services · $350K – $500K | 7(a) | 5 | P+2.00% | $439K | Q4 2025 |
| Wisconsin · Specialty Trade Contractors · Under $150K | 7(a) | 5 | P+2.50% | $64K | Q2 2018 |
| Minnesota · Other Professional Services · $500K – $1M | 7(a) | 5 | P+2.50% | $616K | Q1 2024 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 5 | P+2.50% | $271K | Q3 2024 |
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