Platinum Bank

Platinum Bank is a community commercial bank headquartered in Oakdale, MN, serving small and mid-sized businesses across the Midwest. It holds SBA Preferred Lender status, which allows it to process SBA loan applications in-house — typically a meaningful time-saver compared with non-preferred lenders. Its product lineup spans the core needs of most business borrowers: lines of credit, term loans, equipment finance, commercial real estate financing, and construction finance, alongside cash management and digital banking services. Specific rate ranges, minimum revenue requirements, and credit score thresholds are not publicly disclosed, so prospective borrowers will need to connect directly with the bank for qualification details. Platinum Bank appears well suited for Midwest-based businesses that want a relationship-oriented community bank with government-backed lending capability.