Luminate Bank approved 85 SBA loans worth $63.4M between October 2021 and June 2026, ranking #402 of 2,283 SBA lenders nationally by loan count. Its median loan was $592,000, and 89% went to startups or businesses under two years old. It lent in 27 states, most often in Texas, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Texas | 15 | $14.9M | $883,000 | #178 |
| Minnesota | 12 | $6.2M | $250,000 | #84 |
| California | 11 | $10.0M | $612,000 | #169 |
| Florida | 5 | $2.5M | $560,000 | #175 |
| South Carolina | 4 | $2.5M | $480,000 | #82 |
| North Carolina | 4 | $1.8M | $450,000 | #123 |
| Washington | 4 | $2.4M | $588,500 | #117 |
| Virginia | 3 | $1.5M | $595,000 | #125 |
| Illinois | 2 | $3.0M | $1,510,000 | #219 |
| Georgia | 2 | $823K | $411,500 | #222 |
| Colorado | 2 | $348K | $173,750 | #163 |
| Tennessee | 2 | $2.9M | $1,446,000 | #146 |
| Oklahoma | 2 | $1.6M | $784,500 | #128 |
| Ohio | 2 | $1.0M | $523,500 | #167 |
| New Jersey | 2 | $2.0M | $1,004,000 | #161 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 67 | $690,000 | |
| Other services (repair, personal care) | 8 | $312,500 | |
| Administrative and support services | 2 | $307,500 | |
| Manufacturing | 2 | $945,000 | |
| Finance and insurance | 2 | $1,075,000 | |
| Arts, entertainment and recreation | 1 | $130,000 | |
| Education | 1 | $2,660,000 | |
| Professional and technical services | 1 | $250,000 | |
| Retail | 1 | $125,000 |