SBA lender profile
BankCherokee
BankCherokee appears in the public SBA loan data with 93 funded 7(a) loans totaling $37.5M, an average of $403K per loan, and an estimated 1,078 jobs supported. Its SBA lending concentrates in Minnesota and the Other Services sector. Across all of its loans in the data, its charge-off rate is 1.1%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
93
Total volume
$37.5M
Average loan size
$403K
Charge-off rate
1.1%
Share of funded loans charged off
Jobs supported (reported)
1,078
Programs
7(a)
Bank profile
via FDIC- Total assets
- $420M
- Headquarters
- Saint Paul, MN
- FDIC cert
- #8537
- Status
- Active
Where BankCherokee lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 93 | $37.5M |
What BankCherokee funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 11 | $9.1M |
| Manufacturing | 10 | $7.6M |
| Retail Trade | 14 | $5.2M |
| Accommodation and Food Services | 13 | $3.6M |
| Health Care and Social Assistance | 12 | $2.5M |
| Wholesale Trade | 6 | $2.2M |
BankCherokee SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 21 | $4.6M |
| 2021 | 22 | $9.5M |
| 2022 | 15 | $6.4M |
| 2023 | 10 | $3.2M |
| 2024 | 14 | $8.1M |
| 2025 | 8 | $3.8M |
| 2026 | 3 | $1.9M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of BankCherokee's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.