Platinum Bank
21 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 21
- Total approved
- $20.3M
- Median loan
- $500K
- Middle half of loans
- $297K to $945K
- Median starting rate
- 10.25%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 12 industries and 9 states and territories. The largest industry by count was Fitness and Recreational Sports Centers (4 of 21 approvals). Minnesota had the highest count among recorded project locations (10).
The median approved loan was $500K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Fitness and Recreational Sports Centers | 4 | 19% | $385K | $2.0M |
| 2 | Conveyor and Conveying Equipment Manufacturing | 2 | 10% | $1.5M | $3.0M |
| 3 | Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers | 2 | 10% | $1.3M | $2.6M |
| 4 | Pet and Pet Supplies Retailers | 2 | 10% | $1.2M | $2.4M |
| 5 | General Automotive Repair | 2 | 10% | $648K | $1.3M |
| 6 | Flight Training | 2 | 10% | $453K | $906K |
| 7 | Electrical Contractors and Other Wiring Installation Contractors | 2 | 10% | $212K | $425K |
| 8 | All Other Miscellaneous Retailers | 1 | 5% | $4.8M | $4.8M |
| 9 | Other Personal Care Services | 1 | 5% | $967K | $967K |
| 10 | Dance Companies | 1 | 5% | $888K | $888K |
| 11 | Local Messengers and Local Delivery | 1 | 5% | $826K | $826K |
| 12 | Cut Stone and Stone Product Manufacturing | 1 | 5% | $198K | $198K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Minnesota | 10 | 48% | $472K | $8.3M |
| 2 | Pennsylvania | 3 | 14% | $826K | $3.2M |
| 3 | New Hampshire | 2 | 10% | $2.5M | $5.0M |
| 4 | North Dakota | 1 | 5% | $967K | $967K |
| 5 | Texas | 1 | 5% | $945K | $945K |
| 6 | Wisconsin | 1 | 5% | $850K | $850K |
| 7 | Montana | 1 | 5% | $472K | $472K |
| 8 | Oregon | 1 | 5% | $297K | $297K |
| 9 | South Carolina | 1 | 5% | $260K | $260K |