54
Loans Approved
$32.9M
Total Volume
$610K
Avg Loan Size
1
States Served
States Served
Top Industries Financed
- Engineering Services
- Custom Computer Programming Services
- Plumbing, Heating, and Air-Conditioning Contractors
- All Other Amusement and Recreation Industries
- Service Establishment Equipment and Supplies Merchant Wholesalers
About Drake Bank
Drake Bank is an SBA-approved lender headquartered in SAINT PAUL, Minnesota. Since 2020, they have approved 54 SBA 7(a) loans totaling $32.9M, with an average loan size of $610K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Minnesota.
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