Platinum Bank: SBA Lending Record

Platinum Bank in SBA's loan files

454 approved loans tie to Platinum Bank in SBA's files, FY2017 to FY2026: $372.6 million gross. In SBA's file, Platinum Bank sits in Minnesota. The 454 loans count as holdings: Platinum Bank holds or last held each, per SBA. 454 loans belong to SBA 7(a). Platinum Bank has 0 in SBA 504. Platinum Bank's last year, FY2026, is complete. $372.6 million gross across 454 loans is the scale of Platinum Bank's record. SBA, not Platinum Bank, stands behind the 454 loans; the figures show holdings, not policy.

346 of Platinum Bank's 454 loans have no named class. Platinum Bank's class table reads: Fitness center at 58; Full-service restaurant at 19; Limited-service restaurant at 13; Automotive mechanical repair (car and truck), 7. 58 Fitness center loans sit beside 346 unclassed ones in Platinum Bank's 454. Platinum Bank's class lines cover part of 454. At Platinum Bank, 19 Full-service restaurant loans follow 58 Fitness center.

The states behind Platinum Bank

By state at Platinum Bank: Minnesota at 309; California, 24; Texas, 19; Wisconsin at 18; Florida at 11; Illinois, 10; South Carolina, 8; Washington at 7; Georgia (6); Tennessee (6); North Carolina at 5; Pennsylvania at 5. Minnesota is also where SBA records Platinum Bank, so the book starts at home. Minnesota alone holds 309 of Platinum Bank's 454 loans. Platinum Bank's table maps 454 loans, no boundary for sites beyond Minnesota.

Platinum Bank outcome floors

Platinum Bank's cancelled-after-approval floor reads 5.6% for approvals from FY2017 to FY2024. On Platinum Bank's file, the ceiling is withheld. This rate reads not-yet-funded loans as cancelled ones. The Loan Analytics test withholds it where groups are small. It is not zero; nothing replaces it. At Platinum Bank, the charge-off rate is withheld for FY2017 to FY2021 disbursements. The Loan Analytics standard declines to print it on thin cohorts. It is not zero; the page does not guess. A 5.6% floor at Platinum Bank says approval is no funding. Platinum Bank: no rate, cash flow must hold. At Platinum Bank, test one is site demand. At Platinum Bank, test two is full project cost. For Platinum Bank, test three is debt service coverage. For Platinum Bank, test four is the appraisal.

Platinum Bank's book gives a lender $372.6 million gross across 454 loans. Platinum Bank's book gives a borrower 454 holdings, not terms. Nothing in Platinum Bank's 454 loans predicts its answer to a request. 58 Fitness center loans head the list. Platinum Bank's file ends at holdings. Platinum Bank borrowers need a study that stands alone. Platinum Bank appears here as holder of 454 loans, and the record ends there.