SBA lender profile
Platinum Bank
Platinum Bank appears in the public SBA loan data with 360 funded 7(a) loans totaling $302.4M, an average of $840K per loan, and an estimated 7,718 jobs supported. Its SBA lending concentrates in Minnesota and the Arts, Entertainment, Recreation sector. Across all of its loans in the data, its charge-off rate is 0.6%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
360
Total volume
$302.4M
Average loan size
$840K
Charge-off rate
0.6%
Share of funded loans charged off
Jobs supported (reported)
7,718
Programs
7(a)
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 | 227 | $210.2M |
| Wisconsin | 12 | $13.3M |
| California | 24 | $13.2M |
| Texas | 18 | $10.5M |
| Colorado | 4 | $7.0M |
| Washington | 7 | $6.7M |
What Platinum Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Arts, Entertainment, Recreation | 69 | $48.0M |
| Wholesale Trade | 22 | $38.0M |
| Construction | 38 | $36.6M |
| Manufacturing | 30 | $34.8M |
| Professional and Technical Services | 37 | $26.6M |
| Other Services | 55 | $25.9M |
Platinum Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
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 Platinum 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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