St. Paul, Minn. | August 20, 2025 – Drake Bank is honored to announce that it has been recognized by the U.S. Small Business Administration (SBA) as the top lender in Minnesota for financial institutions with $250MM – $500MM in assets. This award recognizes Drake Bank’s commitment to supporting small businesses and fostering economic growth within the community. Drake Bank is one of 10 lenders that will be recognized at the Minnesota Small Business Lenders Conference on September 25, 2025, in Bloomington, MN. This annual conference gathers lending professionals from across the state to celebrate achievements and share best practices in small business financing.
“These lending institutions have demonstrated an exceptional commitment to supporting entrepreneurs and small business owners by expanding access to capital, fostering economic growth, and strengthening communities across the state of Minnesota,” shared SBA Minnesota district director Brian McDonald. “Their dedication and partnership are critical to ensuring that Minnesota’s small businesses continue to thrive. We are honored to celebrate their achievements and look forward to building on this success together.”
Drake Bank’s recognition is based on its outstanding participation in SBA-backed loan programs, which are essential tools for reducing risk while providing critical capital to small businesses. The Bank is committed to its mission of building a better future for small businesses at every stage of their journey.
“The SBA option has been a necessary and effective product to help our bankers find a ‘path to yes’ for our clients,” said Greg Larson, CEO and President of Drake Bank. “For over 20 years, the SBA has been a key partner in our journey to build a better future for everyone in our community. Our team is again honored to be recognized by the SBA for our commitment to small business success, and we are excited to continue to grow our partnership with the SBA.”
For more information about Drake Bank’s small business loan program, visit drake-bank.com or contact Lisa Franxman.
Drake Bank is a purpose-driven, independent community bank in St. Paul. Founded in 2002, the Drake team focuses on building authentic relationships and building a better future for the local communities. Drake team members work individually with each client to provide business, consumer, cash management, and mortgage services to help them reach their goals. Start building a better future. Learn more at drake-bank.com.
