Skip to main content
← Find a lenderClaim this listing

Lender record

Platinum Bank

The real lending record — every figure from funded deals. HQ: 7667 10th St N, Oakdale, MN. 2 branches.

360

Recent deals (FY20+)

$500K

Typical deal

14 days

Approval → funding

1.2%

Failure rate (FY20–23)

Where Platinum Bank lends

Deals Platinum Bank funded — list all 360 as text

Deal profile

Most Platinum Bank deals land between $250K and $1.0M — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Fitness and Recreational Sports Centers (57)
  2. 2.Other Personal Care Services (32)
  3. 3.Full-Service Restaurants (16)
  4. 4.Limited-Service Restaurants (9)
  5. 5.All Other Professional, Scientific, and Technical Services (7)
  6. 6.All Other Amusement and Recreation Industries (6)
  7. 7.All Other Personal Services (6)
  8. 8.All Other Miscellaneous Fabricated Metal Product Manufacturi (6)

Most active states

  1. 1.Minnesota (227 deals)
  2. 2.California (24 deals)
  3. 3.Texas (18 deals)
  4. 4.Wisconsin (12 deals)
  5. 5.Florida (11 deals)
  6. 6.Illinois (9 deals)
  7. 7.South Carolina (8 deals)
  8. 8.Washington (7 deals)
  9. 9.Georgia (6 deals)
  10. 10.Pennsylvania (5 deals)

Franchises they finance most

Anytime Fitness

46 deals

Waxing the City

25 deals

Red's Savoy Pizza

7 deals

Seniors Helping Seniors

4 deals

Burn Boot Camp Fitness

3 deals

Can Platinum Bank fund you? The bank behind the loans

Total assets

$708.0M

▲ 2.1% vs prior quarter

Deposits on hand

$569.9M

▲ 2.2% vs prior quarter

Loans outstanding

$631.9M

▲ 3.8% vs prior quarter

Net income (latest qtr)

$2.3M

  • •An active SBA program (~2.2% 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 Platinum Bank more SBA-focused than 88% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 1.34% — above 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 Platinum Bank branch (2)

Platinum BankMain office7667 10th St NOakdale, MN 55128 · since 2007

Plymouth Branch605 Highway 169 NPlymouth, MN 55441 · since 2017

Branch data: FDIC BankFind.

Recent deals

  • Dracut Holdings, LLC in Hudson, NH — $4.8M (2026) · purchase · All Other Miscellaneous Retailers
  • Winsor Fireform Operating Company LLC in Tumwater, WA — $3.0M (2026) · Sign Manufacturing
  • WaterGuards LLC in Forest Lake, MN — $1.1M (2026) · Environment, Conservation and Wildlife Organizations
  • Vanguard Pipeline Inspection LLC in Maple Lake, MN — $500K (2026) · All Other Professional, Scientific, and Technical Services
  • Carriage Auto Repair of Edina LLC in Edina, MN — $445K (2026) · purchase · General Automotive Repair
  • Vanguard Pipeline Inspection LLC in Maple Lake, MN — $350K (2026) · All Other Professional, Scientific, and Technical Services
  • Winsor Fireform Operating Company LLC in Tumwater, WA — $250K (2026) · Sign Manufacturing
  • Hudson Monuments Holdings, LLC in Hudson, NH — $198K (2026) · purchase · Cut Stone and Stone Product Manufacturing
  • Stone Arch Commodities LLC in Minneapolis, MN — $5.0M (2025) · Wholesale Trade Agents and Brokers
  • Q Consulting, Inc. in St Louis Park, MN — $3.0M (2025) · Other Computer Related Services

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

One of these businesses yours? Claim your listing or request removal.

Failed deals

2 of Platinum Bank's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.

Work at Platinum Bank?

Claim this profile free to keep your lending record accurate, route buyer leads to your team, and sponsor your placement in the rankings.

Claim this listing

Businesses Platinum Bank financed

256 businesses on record — the 60 largest by funding. Each links to its full SBA record.

Work at Platinum Bank?

Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.

Claim this listingRequest removal

CapBench analysis of public lending records, FY2020–present. Not affiliated with Platinum Bank.

Agent summary

This page summarizes Platinum 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.

  • 360 SBA 7(a) loans on record
  • $500K typical deal
  • 31 business-acquisition loans
  • HQ: 7667 10th St N, Oakdale, MN
  • 2 FDIC branch locations
  • FDIC total assets $708.0M

Next steps

Request an introRank lendersPre-qualify a deal
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.
Canonical:
https://www.capbench.com/lenders/platinum-bank
API:
https://www.capbench.com/api/public/lenders/platinum-bank
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.

Find the bank most likely to fund your deal

Platinum Bank is one of 1,000+ SBA lenders on record — and they all have different appetites. Tell us your deal size, industry, and location, and we'll point you to the banks that fund deals like yours.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

Scroll