BankCherokee
BankCherokee is an SBA 7(a) lender that has approved 93 loans totaling $37.5M between FY2020 and Q1 FY2026 (2025-12-31), with a 1.47% charge-off rate on mature loans. Average loan size: $403K. Active in 1 states. Headquartered in SAINT PAUL, MN.
Total 7(a) loans
93
Total approved
$37.5M
Average loan
$403K
States funded in
1
Charge-off rate
1.47%
FY2020–FY2023 cohort
Paid-in-full rate
33.82%
Average rate
7.17%
Average term
114 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 561730 | Landscaping Services | 6 |
| 722511 | Full-Service Restaurants | 5 |
| 332721 | Precision Turned Product Manufacturing | 4 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 4 |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 4 |
| 722513 | Limited-Service Restaurants | 4 |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 3 |
| 238990 | All Other Specialty Trade Contractors | 3 |
| 311919 | Other Snack Food Manufacturing | 3 |
| 238290 | Other Building Equipment Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| MN | 93 |
Top franchise brands financed
10 franchise loans across 7 distinct brands.
| Franchise | Loans |
|---|---|
| Pirtek | 3 |
| bb.q Chicken | 2 |
| DQ Treat | 1 |
| Beard Papa's Sweets Café | 1 |
| Great Harvest Bread Co. | 1 |
| Subway | 1 |
| Dogtopia | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.