Luminate Bank

Minneapolis, MN7(a) lenderNo approvals since FY2023Top sector: Limited-Service Restaurants

Loans approved

105

FY1997–FY2023

Dollars approved

$82.9M

$72.5M since FY2021

Average loan

$790K

$732K recently

Charge-off rate

0.9%

by dollars · 0.9% by count

Approvals over time

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Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Share is of this lender’s entire book, so the 8 states shown need not sum to 100%. Together they account for 65% of its lending.

Rank by recent volume#355 of 2321

First approvalFY1997

Latest approvalFY2023

States lent into8+

Too few recent 7(a) loans to quote a rate. Rates cluster on round numbers, so a median off a handful of loans reads as precise and is not.

7(a) · 100% (105)504 · 0% (0)

Split by loan count.

7(a) $82.9M504 $0

This lender0.9%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 0.9%; the two measures diverge when a book is weighted toward small loans.

For banks

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