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Platinum Bank
OAKDALE, MN · High-Volume Lender · National rank #98
Platinum Bank approved 92 SBA 7(a) loans totaling over $61.5 million in FY2025, ranking #98 nationally among SBA lenders. Its lending was most concentrated in Minnesota, California, and Florida.
Platinum Bank, headquartered in Oakdale, MN, is an active participant in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Platinum Bank approved 92 SBA 7(a) loans totaling $61,504,800 in approved dollars. Of that amount, $45,946,350 was backed by SBA guaranty, reflecting the government-guaranteed portion of these loans. The average loan size across Platinum Bank's approved SBA 7(a) loans in FY2025 was $668,530.
Based on this loan volume, Platinum Bank ranks #98 nationally among SBA 7(a) lenders for FY2025. While the bank's SBA lending activity extends across 24 states, including MN, CA, FL, WA, SC, TN, NC, WI, CO, ND, PA, MI, TX, GA, VA, OH, ID, MD, OR, IL, NV, UT, IN, and AZ, its most concentrated activity by loan count occurred in Minnesota (37 loans), California (13 loans), and Florida (6 loans). This pattern suggests a lender with a home-state concentration in Minnesota alongside a broader multi-state footprint.
All figures cited here are drawn directly from FY2025 SBA 7(a) lender activity data and reflect loan counts, dollar volume, and guaranty amounts reported for that period. No claims are made here regarding interest rates, loan terms, or the likelihood of loan approval, as this data is not included in the source figures.
Where Platinum Bank lends
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 37 | $31,401,500 |
| California | 13 | $9,429,000 |
| Washington | 5 | $3,533,000 |
| Florida | 6 | $3,307,000 |
| Wisconsin | 2 | $1,940,000 |
| South Carolina | 5 | $1,840,100 |
| North Carolina | 3 | $1,742,000 |
| Tennessee | 4 | $1,124,700 |
| North Dakota | 1 | $967,000 |
| Pennsylvania | 1 | $826,000 |
| Michigan | 1 | $795,500 |
| Colorado | 2 | $650,000 |
| Texas | 1 | $515,000 |
| Georgia | 1 | $500,000 |
| Virginia | 1 | $500,000 |
Questions people ask
Is Platinum Bank an SBA lender?
Yes, Platinum Bank participates in the SBA 7(a) loan program and approved loans under it in FY2025.
How many SBA 7(a) loans did Platinum Bank approve in FY2025?
Platinum Bank approved 92 SBA 7(a) loans in FY2025.
What was Platinum Bank's total SBA 7(a) loan volume in FY2025?
Platinum Bank's approved SBA 7(a) loans totaled $61,504,800 in FY2025.
What is Platinum Bank's average SBA loan size?
The average SBA 7(a) loan size for Platinum Bank in FY2025 was $668,530.
How much of Platinum Bank's SBA lending was government-guaranteed?
$45,946,350 of Platinum Bank's approved SBA 7(a) loan volume was backed by SBA guaranty.
Where is Platinum Bank headquartered?
Platinum Bank is headquartered in Oakdale, MN.
Where is Platinum Bank most active with SBA lending?
Platinum Bank's top states by loan count in FY2025 were Minnesota (37 loans), California (13 loans), and Florida (6 loans).
Is Platinum Bank a national or regional SBA lender?
Platinum Bank made SBA 7(a) loans in 24 states in FY2025, indicating a multi-state presence with a concentration in its home state of Minnesota.
How does Platinum Bank rank among SBA 7(a) lenders nationally?
Platinum Bank ranked #98 nationally by SBA 7(a) loan volume in FY2025.
How many states did Platinum Bank serve with SBA loans in FY2025?
Platinum Bank's SBA 7(a) loan activity spanned 24 states in FY2025.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Platinum Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.