Drake Bank approved 51 SBA loans worth $30.3M between October 2021 and June 2026, ranking #559 of 2,283 SBA lenders nationally by loan count. Its median loan was $317,800, and 37% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 51 | $30.3M | $317,800 | #39 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 10 | $174,800 | |
| Professional and technical services | 9 | $500,000 | |
| Other services (repair, personal care) | 6 | $116,500 | |
| Construction | 5 | $720,100 | |
| Manufacturing | 5 | $382,300 | |
| Restaurants and hotels | 4 | $313,800 | |
| Administrative and support services | 4 | $597,500 | |
| Arts, entertainment and recreation | 3 | $215,000 | |
| Retail | 3 | $358,100 | |
| Education | 1 | $90,700 |