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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.

SBA Loan Approvals as of Fiscal Year End 2025 92
SBA Loans Total Approval Amount as of Fiscal Year End 2025 $61,504,800
Average SBA Loan Size as of Fiscal Year End 2025 $668,530
Average SBA Loan Rate over Prime (Prime is 6.75%) 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.

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