Platinum Bank approved 290 SBA loans worth $217.4M between October 2021 and June 2026, ranking #145 of 2,283 SBA lenders nationally by loan count. Its median loan was $500,000, and 48% went to startups or businesses under two years old. It lent in 27 states, most often in Minnesota, and its most financed industry was arts, entertainment and recreation.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 160 | $135.8M | $500,000 | #10 |
| California | 24 | $13.2M | $493,500 | #125 |
| Texas | 18 | $10.5M | $462,500 | #155 |
| Florida | 11 | $5.0M | $485,000 | #138 |
| Wisconsin | 10 | $12.0M | $375,000 | #79 |
| Illinois | 9 | $3.4M | $288,000 | #106 |
| South Carolina | 8 | $3.5M | $343,550 | #59 |
| Washington | 7 | $6.7M | $690,000 | #94 |
| Georgia | 6 | $2.0M | $400,000 | #149 |
| Tennessee | 5 | $1.6M | $256,000 | #76 |
| Pennsylvania | 5 | $4.0M | $690,000 | #129 |
| Ohio | 4 | $4.4M | $604,500 | #133 |
| Maryland | 3 | $1.2M | $350,000 | #115 |
| Colorado | 3 | $2.0M | $500,000 | #153 |
| North Carolina | 3 | $1.7M | $724,000 | #138 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Arts, entertainment and recreation | 67 | $662,000 | |
| Other services (repair, personal care) | 52 | $495,500 | |
| Construction | 29 | $500,000 | |
| Retail | 27 | $400,000 | |
| Professional and technical services | 26 | $350,000 | |
| Manufacturing | 19 | $500,000 | |
| Restaurants and hotels | 17 | $500,000 | |
| Administrative and support services | 16 | $270,100 | |
| Wholesale trade | 12 | $775,000 | |
| Education | 8 | $423,500 |