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SBARates.com is a data-driven SBA lending intelligence platform. The site provides industry-specific lending insights, lender analytics, approval trends, and average SBA 7(a) loan rates to help entrepreneurs research SBA lenders and prepare for funding.
Drake Bank (MN)
Drake Bank is a St Paul MN community bank focused on helping businesses prosper. We also provide the best in personal banking services.
Unlock Your Financial Potential with Drake Bank (MN)
Drake Bank, headquartered in St. Paul, Minnesota, is a locally owned community bank built on the mission of fueling small business growth, fostering innovation, and strengthening local economies. As an SBA-approved lender, Drake Bank provides flexible, relationship-driven financing solutions that empower entrepreneurs to start, expand, and thrive.
Key Features of Drake Bank
- Comprehensive Business Banking: Business checking and savings accounts, merchant services, treasury management, and digital tools designed to simplify operations and support growth.
- SBA Loan Expertise: Drake Bank offers access to SBA 7(a) and 504 programs, providing government-guaranteed loans with competitive rates and longer repayment terms — ideal for working capital, real estate, or equipment purchases.
- Personalized Lending Approach: The bank’s relationship-focused model ensures every SBA loan is customized to fit the borrower’s unique goals and financial needs.
- Local Decision-Making: With in-house underwriting and a community-first mindset, Drake Bank delivers faster approvals and personal guidance through every step of the process.
- Commitment to Minnesota Entrepreneurs: Drake Bank invests in the success of local business owners and community organizations, driving economic growth throughout the Twin Cities and greater Minnesota region.
Why Choose Drake Bank for SBA Loans?
Drake Bank combines the flexibility of an SBA lender with the integrity and responsiveness of a community bank. Its experienced commercial lending team simplifies the SBA process — from application to funding — while providing honest feedback, transparent communication, and expert financial advice. Whether you’re launching a startup, expanding operations, or acquiring a business, Drake Bank delivers the right financing to make it happen.
How to Get Started
Ready to grow your business with an SBA loan or other financing option? Visit the Drake Bank Business Banking page to explore available programs, review eligibility, and connect with an SBA lending specialist.
Empower your financial future today with Drake Bank — where Minnesota businesses come to grow.
