Platinum Bank
Platinum Bank is a Midwest-based commercial banking institution serving business owners throughout the region. The bank specializes in SBA lending, commercial financing, and charter school financing with a relationship-focused approach to creative financial solutions.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (14 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Platinum Bank ranks #151 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Platinum Bank’s 7(a) acquisition lending falls in the $0-$500K range: 5 loans, 35.7% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 5 | 35.7% | |
| $500K-$1M | 5 | 35.7% | |
| $2M-$3M | 3 | 21.4% | |
| $4M-$5M | 1 | 7.1% |
Industries with highest loan volume
Fitness and Recreational Sports Centers
4
loans
$494K
avg. amount
All Other Miscellaneous Retailers
1
loans
$4.8M
avg. amount
Conveyor and Conveying Equipment Manufacturing
1
loans
$2.5M
avg. amount
Local Messengers and Local Delivery
1
loans
$826K
avg. amount
Other Personal Care Services
1
loans
$967K
avg. amount
Flight Training
1
loans
$806K
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
1
loans
$375K
avg. amount
Dance Companies
1
loans
$888K
avg. amount
General Automotive Repair
1
loans
$445K
avg. amount
Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers
1
loans
$2.4M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Platinum Bank’s median variable rate is + 2.38%, against a market median of Prime + 1.88%, 50 above market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.55% |
| $500K-$1M | Prime + 2.45% |
| $2M-$3M | Prime + 1.17% |
| $4M-$5M | Prime + 2.25% |
Platinum Bank has originated 7(a) acquisition loans in 8 states, most actively in Minnesota (6), Pennsylvania (2) and Texas (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Minnesota | 6 | 42.9% |
| Pennsylvania | 2 | 14.3% |
| Texas | 1 | 7.1% |
| Montana | 1 | 7.1% |
| Oregon | 1 | 7.1% |
| New Hampshire | 1 | 7.1% |
| North Dakota | 1 | 7.1% |
| South Carolina | 1 | 7.1% |
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