SBA lender profile
Drake Bank
Drake Bank appears in the public SBA loan data with 55 funded 7(a) loans totaling $33.0M, an average of $600K per loan, and an estimated 722 jobs supported. Its SBA lending concentrates in Minnesota and the Professional and Technical Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
55
Total volume
$33.0M
Average loan size
$600K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
722
Programs
7(a)
Bank profile
via FDIC- Total assets
- $260M
- Headquarters
- Saint Paul, MN
- FDIC cert
- #57336
- Status
- Active
Where Drake Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 55 | $33.0M |
What Drake Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Professional and Technical Services | 10 | $6.6M |
| Administrative and Support | 4 | $5.3M |
| Health Care and Social Assistance | 10 | $4.8M |
| Other Services | 7 | $3.9M |
| Manufacturing | 5 | $3.3M |
| Construction | 4 | $2.6M |
Drake Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $2.5M |
| 2021 | 4 | $1.1M |
| 2022 | 4 | $3.0M |
| 2023 | 3 | $938K |
| 2024 | 23 | $12.4M |
| 2025 | 17 | $12.2M |
| 2026 | 3 | $744K |
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 Drake Bank'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.
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