Elevate Bank approved 16 SBA loans worth $9.6M between October 2021 and June 2026, ranking #982 of 2,283 SBA lenders nationally by loan count. Its median loan was $354,100, and 44% went to startups or businesses under two years old. It lent in 6 states, most often in Missouri, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Missouri | 5 | $2.8M | $225,000 | #129 |
| Kansas | 5 | $4.3M | $882,400 | #73 |
| Illinois | 3 | $978K | $294,800 | #176 |
| Florida | 1 | $500K | $500,000 | #309 |
| Oklahoma | 1 | $318K | $318,500 | #195 |
| Texas | 1 | $745K | $745,100 | #405 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 7 | $294,800 | |
| Health care and social assistance | 5 | $745,100 | |
| Administrative and support services | 1 | $190,800 | |
| Manufacturing | 1 | $882,400 | |
| Other services (repair, personal care) | 1 | $389,700 | |
| Professional and technical services | 1 | $194,500 |