{"ok":true,"canonical_url":"https://dealroom.so/lenders/bankcherokee","api_url":"https://dealroom.so/api/public/lenders/bankcherokee","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"methodology":{"label":"SBA lender ranking methodology","url":"https://dealroom.so/methodology/lender-rankings"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"lender":{"name":"BankCherokee","slug":"bankcherokee","url":"https://dealroom.so/lenders/bankcherokee","hq":"607 Smith Ave S, Saint Paul, MN","website":"http://www.bankcherokee.com","branchCount":3,"sbaFocus":{"pct":1,"pctile":79,"tier":"active"},"recentDealsSampled":93,"businessPurchases":2,"typicalDeal":200000,"dealRange25th75th":[100000,350000],"typicalDaysApprovalToFunding":9,"topIndustries":[{"count":6,"name":"Landscaping Services"},{"count":5,"name":"Full-Service Restaurants"},{"count":4,"name":"Limited-Service Restaurants"},{"count":4,"name":"Snack and Nonalcoholic Beverage Bars"},{"count":4,"name":"Offices of Mental Health Practitioners (except Physicians)"},{"count":4,"name":"Precision Turned Product Manufacturing"},{"count":3,"name":"Commercial and Industrial Machinery and Equipment (except Au"},{"count":3,"name":"Other Snack Food Manufacturing"}],"topStates":[{"count":93,"state":"MN"}],"topFranchises":[{"name":"Pirtek","count":3,"url":"https://dealroom.so/franchises/pirtek"},{"name":"bb.q Chicken","count":2,"url":"https://dealroom.so/franchises/bb-q-chicken"},{"name":"DQ Treat","count":1,"url":"https://dealroom.so/franchises/dq-treat"},{"name":"Great Harvest Bread Co.","count":1,"url":"https://dealroom.so/franchises/great-harvest-bread-co"},{"name":"Subway","count":1,"url":"https://dealroom.so/franchises/subway"}],"recentDeals":[{"acquisition":false,"approvalDate":"11/25/2025","borrName":"Westside Hose Company LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":6,"firstDisbursement":"12/1/2025","fixedVar":"V","franchise":"Pirtek","fy":2026,"gross":1525600,"industry":"Commercial and Industrial Machinery and Equipment (except Au","jobs":10,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":8.5,"revolver":"FALSE","sbaGuaranteed":1144200,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"12/11/2025","borrName":"Roehr Schmitt Architecture, LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":12,"firstDisbursement":"12/23/2025","fixedVar":"V","franchise":null,"fy":2026,"gross":300000,"industry":"Architectural Services","jobs":10,"paidInFullDate":null,"processing":"SBA Express Program","rate":8.5,"revolver":"TRUE","sbaGuaranteed":150000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"11/24/2025","borrName":"Westside Hose Company LLC","businessAge":"New Business or 2 years or less","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":7,"firstDisbursement":"12/1/2025","fixedVar":"V","franchise":"Pirtek","fy":2026,"gross":100000,"industry":"Commercial and Industrial Machinery and Equipment (except Au","jobs":10,"paidInFullDate":null,"processing":"SBA Express Program","rate":8.5,"revolver":"TRUE","sbaGuaranteed":50000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"8/20/2025","borrName":"Akshaan, PLLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Saint Paul","collateral":true,"daysToFund":22,"firstDisbursement":"9/11/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":1250000,"industry":"Offices of Dentists","jobs":9,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":10.25,"revolver":"FALSE","sbaGuaranteed":937500,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"2/5/2025","borrName":"Restaurant 3 LLC","businessAge":"Startup, Loan Funds will Open Business","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Saint Paul","collateral":true,"daysToFund":26,"firstDisbursement":"3/3/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":819200,"industry":"Full-Service Restaurants","jobs":77,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":10.25,"revolver":"FALSE","sbaGuaranteed":614400,"soldSecMkt":true,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":122},{"acquisition":true,"approvalDate":"5/28/2025","borrName":"DHSBrooklynPark LLC","businessAge":"Change of Ownership","businessType":"Partnership","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":41,"firstDisbursement":"7/8/2025","fixedVar":"V","franchise":"DQ Treat","fy":2025,"gross":714800,"industry":"Limited-Service Restaurants","jobs":6,"paidInFullDate":null,"processing":"Preferred Lenders Program","rate":8.5,"revolver":"FALSE","sbaGuaranteed":536100,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"Guaranty","termMonths":120},{"acquisition":false,"approvalDate":"3/26/2025","borrName":"Field Outdoor Spaces, Inc.","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Minneapolis","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":null,"fy":2025,"gross":250000,"industry":"Landscaping Services","jobs":2,"paidInFullDate":null,"processing":"SBA Express Program","rate":9,"revolver":"TRUE","sbaGuaranteed":125000,"soldSecMkt":null,"state":"MN","status":"COMMIT","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"7/18/2025","borrName":"Wet Paint Artists' Materials and Framing","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Saint Paul","collateral":true,"daysToFund":null,"firstDisbursement":null,"fixedVar":"V","franchise":null,"fy":2025,"gross":250000,"industry":"All Other Miscellaneous Retailers","jobs":6,"paidInFullDate":null,"processing":"SBA Express Program","rate":9.5,"revolver":"TRUE","sbaGuaranteed":125000,"soldSecMkt":null,"state":"MN","status":"COMMIT","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"2/25/2025","borrName":"Martine Law PLLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Saint Paul","collateral":true,"daysToFund":15,"firstDisbursement":"3/12/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":200000,"industry":"Offices of Lawyers","jobs":27,"paidInFullDate":null,"processing":"SBA Express Program","rate":10.25,"revolver":"TRUE","sbaGuaranteed":100000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120},{"acquisition":false,"approvalDate":"5/27/2025","borrName":"MyPath, LLC","businessAge":"Existing or more than 2 years old","businessType":"Corporation","chargeOffAmount":null,"chargeOffDate":null,"city":"Loretto","collateral":true,"daysToFund":16,"firstDisbursement":"6/12/2025","fixedVar":"V","franchise":null,"fy":2025,"gross":200000,"industry":"Educational Support Services","jobs":70,"paidInFullDate":null,"processing":"SBA Express Program","rate":10,"revolver":"TRUE","sbaGuaranteed":100000,"soldSecMkt":null,"state":"MN","status":"CURR","subprogram":"FA$TRK (Small Loan Express)","termMonths":120}]},"caveats":["DealRoom data is market intelligence, not a credit decision or SBA eligibility determination.","Final lender fit depends on SBA eligibility, borrower strength, collateral, cash flow, guarantors, and lender policy."],"citation":{"label":"DealRoom lender profile","url":"https://dealroom.so/lenders/bankcherokee","source_type":"DealRoom Data"}}