Platinum Bank
Headquartered in OAKDALE, MN. Analysis based on 358 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $300.8M.
Total 7(a) loans
358
Total approved
$300.8M
Average loan
$840K
States funded in
28
Charge-off rate
1.23%
FY2020–FY2023 cohort
Paid-in-full rate
28.40%
Average rate
8.09%
Average term
125 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 57 |
| 812199 | Other Personal Care Services | 32 |
| 722511 | Full-Service Restaurants | 16 |
| 722513 | Limited-Service Restaurants | 9 |
| 541990 | All Other Professional, Scientific, and Technical Services | 7 |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 6 |
| 713990 | All Other Amusement and Recreation Industries | 6 |
| 812990 | All Other Personal Services | 6 |
| 541890 | Other Services Related to Advertising | 5 |
| 238210 | Electrical Contractors | 5 |
Top 10 states
| State | Loans |
|---|---|
| MN | 225 |
| CA | 24 |
| TX | 18 |
| WI | 12 |
| FL | 11 |
| IL | 9 |
| SC | 8 |
| WA | 7 |
| GA | 6 |
| PA | 5 |
Top franchise brands financed
124 franchise loans across 35 distinct brands.
| Franchise | Loans |
|---|---|
| Anytime Fitness | 46 |
| Waxing the City | 25 |
| Red's Savoy Pizza | 7 |
| Seniors Helping Seniors | 4 |
| Burn Boot Camp Fitness | 3 |
| Sky Zone Indoor Trampoline Par | 2 |
| YogaSix | 2 |
| Apex Fun Run | 2 |
| Buffalo Wild Wings | 2 |
| Petland/Safari Stan's | 2 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.