SBA lender profile
Platinum Bank
Platinum Bank appears in the public SBA loan data with 556 funded 7(a) loans since FY2010, totaling $404.9M, an average of $728K per loan, and an estimated 9,914 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 1.3%. 45.1% 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 85
- Scale 86
- Activity 92
- Consistency 81
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Platinum Bank the right lender for you?
Lenders fund what they know. Platinum Bank's SBA lending concentrates in Minnesota (401 loans) and Wholesale Trade (47 loans), at an average loan of $728K. 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
- $606M
- Headquarters
- Brandon, FL
- FDIC cert
- #34620
- Status
- Inactive
Where Platinum Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 401 | $307.3M |
| Wisconsin | 24 | $15.7M |
| California | 26 | $13.4M |
| Texas | 18 | $10.5M |
| Colorado | 4 | $7.0M |
| Washington | 7 | $6.7M |
Metro areas where Platinum Bank funds
What Platinum Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 47 | $88.5M |
| Manufacturing | 50 | $49.5M |
| Arts, Entertainment, Recreation | 71 | $48.7M |
| Construction | 67 | $41.1M |
| Professional and Technical Services | 62 | $32.6M |
| Other Services | 70 | $32.2M |
Platinum Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $3.2M |
| 2011 | 9 | $1.7M |
| 2012 | 16 | $9.3M |
| 2013 | 18 | $10.1M |
| 2014 | 27 | $4.7M |
| 2015 | 18 | $4.8M |
| 2016 | 23 | $8.4M |
| 2017 | 34 | $22.1M |
| 2018 | 28 | $23.1M |
| 2019 | 19 | $14.9M |
| 2020 | 35 | $29.4M |
| 2021 | 42 | $59.1M |
| 2022 | 47 | $38.9M |
| 2023 | 38 | $29.8M |
| 2024 | 98 | $73.0M |
| 2025 | 92 | $61.5M |
| 2026 | 8 | $10.6M |
Related SBA lenders
Other lenders active in Minnesota or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Platinum Bank: frequently asked questions
Does Platinum Bank offer SBA loans?
Yes. Platinum Bank appears in the public SBA data with 556 funded SBA 7(a) loans totaling $404.9M.
How many SBA loans has Platinum Bank made?
Platinum Bank is associated with 556 SBA 7(a) loans totaling $404.9M in the public SBA data (as of 2026-03-31).
What is Platinum Bank's SBA charge-off rate?
About 1.3% of Platinum 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 Platinum Bank do most of its SBA lending?
Platinum Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Wholesale Trade.
Is Platinum Bank an SBA Preferred Lender (PLP)?
The loan record shows Platinum Bank operating under PLP delegated authority: 251 of its 7(a) loans (45.1%) were processed through the Preferred Lenders Program, including 127 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). Platinum Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/platinum-bank/
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