BankCherokee approved 51 SBA loans worth $24.2M between October 2021 and June 2026, ranking #560 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 24% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 51 | $24.2M | $250,000 | #40 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 9 | $379,800 | |
| Retail | 9 | $250,000 | |
| Health care and social assistance | 6 | $208,750 | |
| Professional and technical services | 5 | $200,000 | |
| Other services (repair, personal care) | 5 | $404,600 | |
| Manufacturing | 4 | $1,012,850 | |
| Administrative and support services | 4 | $246,500 | |
| Construction | 4 | $172,500 | |
| Wholesale trade | 2 | $580,250 | |
| Education | 1 | $200,000 |