Platinum Bank
MN
SBA-approved lender offering 6 loan programs across 11 industries.
Key Metrics
Interest Rate
9.10%
2.35% over prime
Average Loan
$669K
Per approval
Total Approvals
92
FY 2025
Loan Programs (6)
7a General
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Fixed Rates
Industries Served (11)
Advertising AgenciesAll Other Miscellaneous Schools and InstructionCustom Computer Programming ServicesFitness and Recreational Sports CentersJanitorial ServicesLimited-Service RestaurantsMasonry ContractorsOther Computer Related ServicesOther Personal Care ServicesPackaging and Labeling ServicesServices for the Elderly and Persons with Disabilities
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.35%
- Effective Rate
- 9.10%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- platinumbankmn.com
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