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Luminate Bank is an FDIC-insured financial institution headquartered in Minneapolis, Minnesota, offering high-yield savings, flexible mortgage loans, Non-QM options, and business banking solutions nationwide. Originally founded in 1937, the bank rebranded to Luminate Bank in 2022 and expanded beyond home loans to offer full-service banking with personalized customer service.
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SBA 7(a) Acquisition Loan Data As Of June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of June 30, 2025
Median
$326K
Average
$326K
Industries with highest loan volume
loans
N/A
avg. amount
Loans
Avg. Amount
N/A
All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
