SBA lender profile
Drake Bank
Drake Bank appears in the public SBA loan data with 125 funded 7(a) loans since FY2010, totaling $48.2M, an average of $386K per loan, and an estimated 1,442 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 3.2%. 43.2% 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 71
- Scale 55
- Activity 73
- Consistency 75
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Drake Bank the right lender for you?
Lenders fund what they know. Drake Bank's SBA lending concentrates in Minnesota (124 loans) and Manufacturing (14 loans), at an average loan of $386K. 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
- $260M
- Headquarters
- Saint Paul, MN
- FDIC cert
- #57336
- Status
- Active
Where Drake Bank lends
Top states by funded SBA volume.
What Drake Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 14 | $8.5M |
| Professional and Technical Services | 14 | $7.0M |
| Administrative and Support | 9 | $6.1M |
| Other Services | 14 | $5.4M |
| Health Care and Social Assistance | 15 | $5.3M |
| Construction | 17 | $5.2M |
Drake Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 15 | $2.4M |
| 2011 | 16 | $2.1M |
| 2012 | 19 | $2.4M |
| 2013 | 8 | $1.9M |
| 2014 | 6 | $5.1M |
| 2015 | 2 | $188K |
| 2016 | 2 | $470K |
| 2017 | 1 | $139K |
| 2019 | 1 | $528K |
| 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 |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Drake Bank: frequently asked questions
Does Drake Bank offer SBA loans?
Yes. Drake Bank appears in the public SBA data with 125 funded SBA 7(a) loans totaling $48.2M.
How many SBA loans has Drake Bank made?
Drake Bank is associated with 125 SBA 7(a) loans totaling $48.2M in the public SBA data (as of 2026-03-31).
What is Drake Bank's SBA charge-off rate?
About 3.2% of Drake Bank'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 Drake Bank do most of its SBA lending?
Drake Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
Is Drake Bank an SBA Preferred Lender (PLP)?
The loan record shows Drake Bank operating under PLP delegated authority: 54 of its 7(a) loans (43.2%) were processed through the Preferred Lenders Program, including 31 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). Drake Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/drake-bank/
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