Lender record
Drake Bank
The real lending record — every figure from funded deals. HQ: 60 Plato Blvd E, Saint Paul, MN. 1 branch.
55
Recent deals (FY20+)
$303K
Typical deal
18 days
Approval → funding
0%
Failure rate (FY20–23)
Where Drake Bank lends
Deals Drake Bank funded — list all 55 as text
- Hope Blaine L.L.C. — Blaine · $468K · FY2026 · Full-Service Restaurants
- Luxe Event Planning and Decor L.L.C. — Saint Paul · $196K · FY2026 · All Other Personal Services
- Dreams Balandra LLC — Woodbury · $80K · FY2026 · Child Care Services
- Networx Broadband Inc — Elk River · $2.3M · FY2025 · Other Computer Related Services
- Mendota Valley Amusement, Inc — South Saint Paul · $2.2M · FY2025 · All Other Amusement and Recreation Industries
- Dimation, Inc — Shakopee · $1.9M · FY2025 · Printed Circuit Assembly (Electronic Assembly) Manufacturing
- Dreams Balandra LLC — Woodbury · $1.5M · FY2025 · Child Care Services
- HercLeon America L.L.C — Woodbury · $1.0M · FY2025 · Clothing and Clothing Accessories Retailers
- Painting by Nakasone, Inc. — Saint Paul · $720K · FY2025 · Painting and Wall Covering Contractors
- CAZTEK, INC. — Saint Paul · $500K · FY2025 · Engineering Services
- Bywater Business Solutions LLC — Waconia · $382K · FY2025 · Commercial Printing (except Screen and Books)
- Broomfitters LLC — Burnsville · $358K · FY2025 · Sporting Goods Retailers
- Blaine Acai LLC — Blaine · $303K · FY2025 · Limited-Service Restaurants
- Savage Bowls L.L.C. — Savage · $294K · FY2025 · Limited-Service Restaurants
- EyeStyles Optical and Boutique Inc — Saint Paul · $227K · FY2025 · Offices of All Other Miscellaneous Health Practitioners
- SAI Probiotics L.L.C. — Maple Grove · $150K · FY2025 · Medicinal and Botanical Manufacturing
- Lifeway Chiropractic and Wellness, LLC — Saint Paul · $147K · FY2025 · Offices of Chiropractors
- Flag Physical Therapy and Performance LLC — Medina · $123K · FY2025 · Offices of Physical, Occupational and Speech Therapists, and
- MENDOTA VALLEY AMUSEMENT, INC — South Saint Paul · $100K · FY2025 · All Other Amusement and Recreation Industries
- International Elite Gymnastics L.L.C. — Saint Paul · $91K · FY2025 · Sports and Recreation Instruction
- ECCO Midwest, Inc — Hastings · $4.0M · FY2024 · Remediation Services
- Area Mechanical, LLC — Vadnais Heights · $1.0M · FY2024 · Plumbing, Heating, and Air-Conditioning Contractors
- Zuse LLC — Saint Paul · $972K · FY2024 · Engineering Services
- Etch Fitness Limited Liability Company — Minneapolis · $914K · FY2024 · All Other Personal Services
- Kerkau Investments, LLC — Saint Paul · $820K · FY2024 · Landscaping Services
- PRIMORDIAL SOUP, LLC. — Saint Paul · $750K · FY2024 · Engineering Services
- Stenzel Industries, Inc. — Saint Michael · $658K · FY2024 · Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- SMB Enterprises, LLC — Bloomington · $500K · FY2024 · Offices of Lawyers
- Lightship Ventures, LLC — Saint Paul · $375K · FY2024 · Private Mail Centers
- Stonegarden LLC — Minneapolis · $325K · FY2024 · Full-Service Restaurants
- Equilibrium Brain Body Balance L.L.C. — Chanhassen · $318K · FY2024 · Offices of Mental Health Practitioners (except Physicians)
- LaNoire Bridal Limited Liability Company — Saint Paul · $250K · FY2024 · Clothing and Clothing Accessories Retailers
- French Legs Corp. — Hopkins · $215K · FY2024 · Fitness and Recreational Sports Centers
- Equilibrium Brain Body Balance L.L.C. — Chanhassen · $200K · FY2024 · Offices of Mental Health Practitioners (except Physicians)
- Kerkau Investments, LLC — Saint Paul · $150K · FY2024 · Landscaping Services
- Think Tank QA, LLC — Minneapolis · $150K · FY2024 · Custom Computer Programming Services
- Think Tank QA, LLC — Minneapolis · $150K · FY2024 · Custom Computer Programming Services
- Cornerflex, Inc. — Scandia · $150K · FY2024 · All Other Plastics Product Manufacturing
- CARINGHANDS ADULT DAY CENTER — Minneapolis · $150K · FY2024 · Home Health Care Services
- Equilibrium Brain Body Balance L.L.C. — Chanhassen · $125K · FY2024 · Offices of Physicians, Mental Health Specialists
- PUR Aesthetics LLC — South Saint Paul · $123K · FY2024 · Other Personal Care Services
- SOUTH METRO DOG TRAINING INC. — Shakopee · $110K · FY2024 · Pet Care (except Veterinary) Services
- Bombshell Boutique LLC — Rosemount · $31K · FY2024 · Beauty Salons
- Area Mechanical, LLC — Saint Paul · $500K · FY2023 · Plumbing, Heating, and Air-Conditioning Contractors
- Green Light Construction, Inc. — Lake Elmo · $350K · FY2023 · Residential Remodelers
- Green Street Speedwagon L.L.C. — Saint Paul · $88K · FY2023 · Other Personal Care Services
- Element Research Group, Inc. — Minneapolis · $2.0M · FY2022 · Medical Laboratories
- Sharetech, LLC — Clearwater · $675K · FY2022 · Computer Facilities Management Services
- All Clean Food LLC — Minnetonka · $200K · FY2022 · General Line Grocery Merchant Wholesalers
- Sell Nothing, LLC — Shoreview · $149K · FY2022 · Administrative Management and General Management Consulting
- ShareTech, LLC — Minneapolis · $433K · FY2021 · Computer Facilities Management Services
- Anthem Medical LLC — Saint Paul · $301K · FY2021 · Service Establishment Equipment and Supplies Merchant Wholes
- Toobski LLC — Saint Paul · $200K · FY2021 · Sporting and Recreational Goods and Supplies Merchant Wholes
- Anthem Medical LLC — Saint Paul · $200K · FY2021 · Service Establishment Equipment and Supplies Merchant Wholes
- St. Croix Linen, LLC — Stillwater · $2.5M · FY2020 · Drycleaning and Laundry Services (except Coin-Operated)
Deal profile
Most Drake Bank deals land between $150K and $720K — that range covers half of everything they fund. Top industries and states:
Industries they fund most
- 1.Engineering Services (3)
- 2.Full-Service Restaurants (2)
- 3.All Other Personal Services (2)
- 4.Child Care Services (2)
- 5.All Other Amusement and Recreation Industries (2)
- 6.Clothing and Clothing Accessories Retailers (2)
- 7.Limited-Service Restaurants (2)
- 8.Plumbing, Heating, and Air-Conditioning Contractors (2)
Most active states
- 1.Minnesota (55 deals)
Franchises they finance most
Can Drake Bank fund you? The bank behind the loans
Total assets
$259.8M
▲ 2% vs prior quarter
Deposits on hand
$224.2M
▲ 4% vs prior quarter
Loans outstanding
$189.6M
▼ 3.5% vs prior quarter
Net income (latest qtr)
$-2.0M
- •An active SBA program (~0.9% of the book in this year's production) — they know the process, but SBA isn't the main event. Ask who runs their SBA desk before committing your timeline. That makes Drake Bank more SBA-focused than 78% of the banks on our record.
- •Deposits grew last quarter — more raw lending capacity than the quarter before.
- •Return on assets of -3.04% — well under the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.
FDIC call-report data, quarter ending 03/2026.
Walk into a Drake Bank branch (1)
Drake BankMain office60 Plato Blvd ESaint Paul, MN 55107 · since 2002
Branch data: FDIC BankFind.
Recent deals
- Hope Blaine L.L.C. in Blaine, MN — $468K (2026) · Full-Service Restaurants
- Program
- Preferred Lenders Program
- Rate at approval
- 9% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $351K (75%)
- Approval → funding
- 5 days
- Approved
- 11/19/2025
- First disbursed
- 11/24/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
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- Luxe Event Planning and Decor L.L.C. in Saint Paul, MN — $196K (2026) · All Other Personal Services
- Program
- Preferred Lenders Program
- Rate at approval
- 9% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $147K (75%)
- Approval → funding
- 71 days
- Approved
- 12/8/2025
- First disbursed
- 2/17/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- All Other Personal Services
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- Dreams Balandra LLC in Woodbury, MN — $80K (2026) · Child Care Services
- Program
- Preferred Lenders Program
- Rate at approval
- 9% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $68K (85%)
- Approved
- 3/6/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Franchise
- Casa De Corazon
- Jobs supported
- 10
- Business age
- New Business or 2 years or less
- Industry
- Child Care Services
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- Networx Broadband Inc in Elk River, MN — $2.3M (2025) · Other Computer Related Services
- Program
- 7a General
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approval → funding
- 18 days
- Approved
- 1/27/2025
- First disbursed
- 2/14/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 3
- Business age
- Existing or more than 2 years old
- Industry
- Other Computer Related Services
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- Mendota Valley Amusement, Inc in South Saint Paul, MN — $2.2M (2025) · All Other Amusement and Recreation Industries
- Program
- 7a General
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 36 days
- Approved
- 2/17/2025
- First disbursed
- 3/25/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 16
- Business age
- Existing or more than 2 years old
- Industry
- All Other Amusement and Recreation Industries
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- Dimation, Inc in Shakopee, MN — $1.9M (2025) · Printed Circuit Assembly (Electronic Assembly) Manufacturing
- Program
- 7a General
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 69 days
- Approved
- 10/23/2024
- First disbursed
- 12/31/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 43
- Business age
- Existing or more than 2 years old
- Industry
- Printed Circuit Assembly (Electronic Assembly) Manufacturing
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- Dreams Balandra LLC in Woodbury, MN — $1.5M (2025) · Child Care Services
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 53 days
- Approved
- 1/6/2025
- First disbursed
- 2/28/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Franchise
- Casa De Corazon
- Jobs supported
- 30
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Child Care Services
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- HercLeon America L.L.C in Woodbury, MN — $1.0M (2025) · Clothing and Clothing Accessories Retailers
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $750K (75%)
- Approval → funding
- 30 days
- Approved
- 10/1/2024
- First disbursed
- 10/31/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Existing or more than 2 years old
- Industry
- Clothing and Clothing Accessories Retailers
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- Painting by Nakasone, Inc. in Saint Paul, MN — $720K (2025) · Painting and Wall Covering Contractors
- Program
- 7a General
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $540K (75%)
- Approved
- 8/22/2025
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 52
- Business age
- Existing or more than 2 years old
- Industry
- Painting and Wall Covering Contractors
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- CAZTEK, INC. in Saint Paul, MN — $500K (2025) · Engineering Services
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 56 days
- Approved
- 1/10/2025
- First disbursed
- 3/7/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 20
- Business age
- Existing or more than 2 years old
- Industry
- Engineering Services
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Businesses Drake Bank financed
46 businesses on record. Each links to its full SBA record.
- ECCO Midwest, IncHastings, MN · 1 loan$4.0M
- St. Croix Linen, LLCStillwater, MN · 1 loan$2.5M
- Networx Broadband IncElk River, MN · 1 loan$2.3M
- MENDOTA VALLEY AMUSEMENT, INCSouth Saint Paul, MN · 2 loans$2.3M
- Element Research Group, Inc.Minneapolis, MN · 1 loan$2.0M
- Dimation, IncShakopee, MN · 1 loan$1.9M
- Dreams Balandra LLCWoodbury, MN · 2 loans$1.5M
- Area Mechanical, LLCVadnais Heights, MN · 2 loans$1.5M
- ShareTech, LLCMinneapolis, MN · 2 loans$1.1M
- HercLeon America L.L.CWoodbury, MN · 1 loan$1.0M
- Zuse LLCSaint Paul, MN · 1 loan$972K
- Kerkau Investments, LLCSaint Paul, MN · 2 loans$970K
- Etch Fitness Limited Liability CompanyMinneapolis, MN · 1 loan$914K
- PRIMORDIAL SOUP, LLC.Saint Paul, MN · 1 loan$750K
- Painting by Nakasone, Inc.Saint Paul, MN · 1 loan$720K
- Stenzel Industries, Inc.Saint Michael, MN · 1 loan$658K
- Equilibrium Brain Body Balance L.L.C.Chanhassen, MN · 3 loans$643K
- Anthem Medical LLCSaint Paul, MN · 2 loans$501K
- SMB Enterprises, LLCBloomington, MN · 1 loan$500K
- CAZTEK, INC.Saint Paul, MN · 1 loan$500K
- Hope Blaine L.L.C.Blaine, MN · 1 loan$468K
- Bywater Business Solutions LLCWaconia, MN · 1 loan$382K
- Lightship Ventures, LLCSaint Paul, MN · 1 loan$375K
- Broomfitters LLCBurnsville, MN · 1 loan$358K
- Green Light Construction, Inc.Lake Elmo, MN · 1 loan$350K
- Stonegarden LLCMinneapolis, MN · 1 loan$325K
- Blaine Acai LLCBlaine, MN · 1 loan$303K
- Think Tank QA, LLCMinneapolis, MN · 2 loans$300K
- Savage Bowls L.L.C.Savage, MN · 1 loan$294K
- LaNoire Bridal Limited Liability CompanySaint Paul, MN · 1 loan$250K
- EyeStyles Optical and Boutique IncSaint Paul, MN · 1 loan$227K
- French Legs Corp.Hopkins, MN · 1 loan$215K
- Toobski LLCSaint Paul, MN · 1 loan$200K
- All Clean Food LLCMinnetonka, MN · 1 loan$200K
- Luxe Event Planning and Decor L.L.C.Saint Paul, MN · 1 loan$196K
- SAI Probiotics L.L.C.Maple Grove, MN · 1 loan$150K
- Cornerflex, Inc.Scandia, MN · 1 loan$150K
- CARINGHANDS ADULT DAY CENTERMinneapolis, MN · 1 loan$150K
- Sell Nothing, LLCShoreview, MN · 1 loan$149K
- Lifeway Chiropractic and Wellness, LLCSaint Paul, MN · 1 loan$147K
- Flag Physical Therapy and Performance LLCMedina, MN · 1 loan$123K
- PUR Aesthetics LLCSouth Saint Paul, MN · 1 loan$123K
- SOUTH METRO DOG TRAINING INC.Shakopee, MN · 1 loan$110K
- International Elite Gymnastics L.L.C.Saint Paul, MN · 1 loan$91K
- Green Street Speedwagon L.L.C.Saint Paul, MN · 1 loan$88K
- Bombshell Boutique LLCRosemount, MN · 1 loan$31K
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CapBench analysis of public lending records, FY2020–present. Not affiliated with Drake Bank.
Agent summary
This page summarizes Drake Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.
- 55 SBA 7(a) loans on record
- $303K typical deal
- 8 business-acquisition loans
- HQ: 60 Plato Blvd E, Saint Paul, MN
- 1 FDIC branch location
- FDIC total assets $259.8M
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.
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