Platinum Bank
- Loans
- 10
- Approved
- $11M
- Median deal
- $635,500
- Median rate
- 9.38%
#168 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
Loans per fiscal year
FY2026 is partial: 3 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 4 |
| FY2021 | 1 |
| FY2022 | 4 |
| FY2023 | 2 |
| FY2024 | 10 |
| FY2025 | 7 |
| FY2026 (partial year, through June 30, 2026) | 3 |
How they lend
Across 10 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 31 (8.5%)Other purposes 336 (91.5%)
Their full 7(a) book since FY2020 is 367 loans. Every other figure on this page counts the 31 acquisition loans only.
Initial rate structure
Variable 100.00%Fixed 0.00%
- Middle half of rates
- 9.25% to 10.19%
- Typical margin over Prime
- Prime + 2.38% at approval (10 variable loans)
- Median term
- 120 months
- Collateral reported
- 100.00% of loans
- Sold on the secondary market
- 80.00% of loans
- Franchise loans
- 20.00% of loans
Processing method
| Preferred Lenders Program | 80.00% | |
| SBA Express Program | 20.00% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 10 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Arts, Entertainment, and Recreation | 30.00% | |
| Other Services (except Public Administration) | 20.00% | |
| Wholesale Trade | 20.00% | |
| Manufacturing | 10.00% | |
| Retail Trade | 10.00% |
Deal size mix
Under $350K 40.00%$350K to $1M 40.00%$1M to $3.5M 10.00%$3.5M+ 10.00%
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- Minnesota4 loans
- New Hampshire2 loans
- North Dakota1 loan
- Oregon1 loan
- Pennsylvania1 loan
Grouped by ProjectState. State names link to the state lender pages where one exists.
Platinum Bank: SBA acquisition lending, answered
Does Platinum Bank make SBA acquisition loans?
Yes. Platinum Bank was approved for 31 SBA 7(a) change-of-ownership loans since FY2020, including 10 in FY2025 to FY2026 Q3. That ranks it #168 of 249 acquisition lenders by loan count in that window. Acquisitions are 8.5% of its 7(a) lending; the rest are startups, expansions, and working capital.
What interest rates does Platinum Bank charge on SBA loans?
Across its FY2025 to FY2026 Q3 acquisition loans, the median rate at approval was 9.38%, against a national median of 9.25%. Half of them started between 9.25% and 10.19%. Its variable-rate loans priced around Prime + 2.38%. Most 7(a) loans float over Prime, so these are rates at approval, not what a borrower pays today.
How large are Platinum Bank's SBA acquisition loans?
The median deal was $635,500, against a national median of $709,300. In total it has approved $11M in gross change-of-ownership loans over FY2025 to FY2026 Q3.
What kinds of businesses does Platinum Bank finance?
Its FY2025 to FY2026 Q3 acquisition loans concentrate in Arts, Entertainment, and Recreation and Other Services (except Public Administration). 20.00% of its acquisition loans went to franchises. The full industry and deal-size mix is above.
Run a deal at these rates
The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
Open the deal analyzerThe full lender directory
Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.
Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for Platinum Bank. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.