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SBA Loan Approvals as of 6/30/25 80
SBA Loans Total Approval Amount as of 6/30/25 $57,038,000
Average SBA Loan Size as of 6/30/25 $712,975
Average SBA Loan Rate over Prime (Prime is 7%) 2.35
Platinum Bank (MN)

Unlock Your Financial Potential with Platinum Bank (MN)

Platinum Bank is a Minnesota-based commercial bank founded specifically to serve entrepreneurs, privately held companies, and growth-minded businesses. Known for its relationship-first approach and fast, local decision-making, Platinum Bank delivers strategic financing solutions — including SBA lending — to help small and midsized businesses launch, expand, and thrive.

Key Features of Platinum Bank (MN)

  • Entrepreneur-Focused Business Banking: Platinum Bank specializes in serving owner-operated businesses, offering tailored business checking and savings accounts, treasury management tools, merchant services, and digital banking for streamlined financial operations.

  • SBA Loan Expertise: Platinum Bank participates in the U.S. Small Business Administration’s SBA 7(a) and 504 loan programs. Its commercial lending team works closely with entrepreneurs to structure government-backed financing for working capital, business acquisition, equipment, and commercial real estate.

  • Customized Commercial Lending Solutions: The bank provides business lines of credit, term loans, commercial mortgages, construction financing, and equipment loans — designed with flexible underwriting to meet the needs of privately held and fast-growing companies.

  • Business Advisory Approach: Platinum Bank’s bankers are known for acting as strategic partners, offering guidance on cash flow, growth planning, acquisition strategies, and capital structure.

  • Advanced Digital Banking Tools: Secure online and mobile platforms allow business owners to manage accounts, deposit checks, access treasury services, and oversee cash flow 24/7.

  • Deep Commitment to Minnesota Businesses: With a focus on the Twin Cities metro and surrounding regions, Platinum Bank actively invests in local economic development and supports entrepreneurs at every stage of growth.

Why Choose Platinum Bank for SBA Loans?

Platinum Bank stands out for its entrepreneur-centered model. Unlike many banks where small businesses are an afterthought, Platinum Bank was built specifically for them.
Their SBA lending team provides:

  • Experienced SBA structuring
  • Responsive communication
  • Faster loan review cycles
  • Relationship-based support rather than transactional banking

Whether you’re acquiring a business, expanding a location, purchasing equipment, or financing owner-occupied real estate, Platinum Bank offers SBA-backed funding with a personalized, strategic approach.

How to Get Started

Ready to grow your business with an SBA loan or another financing solution? Visit the
Platinum Bank Business Banking page
to explore loan options, review SBA program details, and connect with a Minnesota-based business banker who can guide you through the process.

Empower your financial future today with Platinum Bank — where Minnesota entrepreneurs gain the financial partnership, capital, and strategy needed to succeed.

Similar Financial Institutions in category

21st Century Bank (MN)

21st Century Bank (MN)

Average SBA Loan Rate over Prime (Prime is 7%): 1.64
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Bangor Savings Bank (ME)

Bangor Savings Bank (ME)

We are dedicated to helping individuals and businesses across Northern New England achieve greater financial wellness and economic mobility. Visit one of our Maine or New Hampshire branches.

Average SBA Loan Rate over Prime (Prime is 7%): 1.06
Asset Base Working Capital Line (CAPLine)
Preferred Lenders Program
SBA Express Program
Bank of Clarke (VA)

Bank of Clarke (VA)

Bank of Clarke County provides personal banking, business banking, digital banking and wealth management solutions for customers in the Winchester, Clarke, Loudoun and Fairfax Virginia area.

Average SBA Loan Rate over Prime (Prime is 7%): 2.13
7a General
Change of Ownership
Existing or more than 2 years old

Industry