SBA lender profile
BankCherokee
BankCherokee appears in the public SBA loan data with 185 funded 7(a) loans since FY2010, totaling $52.3M, an average of $283K per loan, and an estimated 2,447 jobs supported. Its SBA lending concentrates in Minnesota and the Other Services sector. Across its 7(a) loans, the charge-off rate is 2.7%. 41.6% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 74
- Scale 60
- Activity 65
- Consistency 82
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is BankCherokee the right lender for you?
Lenders fund what they know. BankCherokee's SBA lending concentrates in Minnesota (183 loans) and Other Services (19 loans), at an average loan of $283K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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.
What BankCherokee funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 19 | $10.1M |
| Retail Trade | 29 | $9.4M |
| Manufacturing | 21 | $8.4M |
| Accommodation and Food Services | 27 | $6.4M |
| Health Care and Social Assistance | 25 | $4.6M |
| Wholesale Trade | 12 | $3.7M |
BankCherokee SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1 | $30K |
| 2011 | 3 | $1.6M |
| 2012 | 7 | $3.8M |
| 2013 | 6 | $1.1M |
| 2014 | 12 | $861K |
| 2015 | 11 | $1.2M |
| 2016 | 8 | $498K |
| 2017 | 11 | $1.8M |
| 2018 | 18 | $1.7M |
| 2019 | 15 | $2.3M |
| 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 |
Related SBA lenders
Other lenders active in Minnesota or in Other Services.
Comparing lenders? See how to choose an SBA lender by track record.
BankCherokee: frequently asked questions
Does BankCherokee offer SBA loans?
Yes. BankCherokee appears in the public SBA data with 185 funded SBA 7(a) loans totaling $52.3M.
How many SBA loans has BankCherokee made?
BankCherokee is associated with 185 SBA 7(a) loans totaling $52.3M in the public SBA data (as of 2026-03-31).
What is BankCherokee's SBA charge-off rate?
About 2.7% of BankCherokee's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does BankCherokee do most of its SBA lending?
BankCherokee's SBA lending in the data is most concentrated in Minnesota, and by industry in Other Services.
Is BankCherokee an SBA Preferred Lender (PLP)?
The loan record shows BankCherokee operating under PLP delegated authority: 77 of its 7(a) loans (41.6%) were processed through the Preferred Lenders Program, including 13 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). BankCherokee SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/bankcherokee/
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