Bank of Hope
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Hope · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 2,136 | $420.4M | $197K | 5.4% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 964 | $467.5M | $485K | 2.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 958 | $1.68B | $1.8M | 2.4% |
| 722511 | Full-Service Restaurants | 859 | $344.3M | $401K | 2.2% |
| 812310 | Coin-Operated Laundries and Drycleaners | 710 | $347.1M | $489K | 1.8% |
| 812112 | Beauty Salons | 606 | $28.6M | $47K | 1.5% |
| 624410 | Child Care Services | 558 | $39.3M | $70K | 1.4% |
| 541611 | Administrative Management and General Management Consulting Services | 489 | $7.9M | $16K | 1.2% |
| 812990 | All Other Personal Services | 434 | $33.0M | $76K | 1.1% |
| 484110 | General Freight Trucking, Local | 432 | $20.6M | $48K | 1.1% |
Geographic Distribution
SBA lending activity for Bank of Hope by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 15,134 | $4.63B | 38.5% |
| Washington (WA) | 1,675 | $1.14B | 4.3% |
| Texas (TX) | 4,140 | $928.3M | 10.5% |
| Colorado (CO) | 1,171 | $556.5M | 3.0% |
| New York (NY) | 1,539 | $553.9M | 3.9% |
| Georgia (GA) | 1,624 | $386.4M | 4.1% |
| Illinois (IL) | 2,676 | $264.8M | 6.8% |
| New Jersey (NJ) | 775 | $232.4M | 2.0% |
| Arizona (AZ) | 128 | $118.1M | 0.3% |
| Virginia (VA) | 1,140 | $96.7M | 2.9% |
| Maryland (MD) | 1,422 | $94.7M | 3.6% |
| Oregon (OR) | 107 | $71.2M | 0.3% |
| Nevada (NV) | 254 | $55.3M | 0.6% |
| Alabama (AL) | 380 | $38.4M | 1.0% |
| Florida (FL) | 1,003 | $35.2M | 2.6% |
| District of Columbia (DC) | 430 | $34.2M | 1.1% |
| North Carolina (NC) | 824 | $30.1M | 2.1% |
| South Carolina (SC) | 287 | $28.5M | 0.7% |
| New Mexico (NM) | 49 | $23.5M | 0.1% |
| Connecticut (CT) | 65 | $23.2M | 0.2% |
| Louisiana (LA) | 856 | $20.9M | 2.2% |
| Kansas (KS) | 117 | $20.6M | 0.3% |
| Tennessee (TN) | 561 | $20.1M | 1.4% |
| Ohio (OH) | 179 | $19.8M | 0.5% |
| Oklahoma (OK) | 331 | $19.4M | 0.8% |
| Pennsylvania (PA) | 282 | $17.2M | 0.7% |
| Utah (UT) | 13 | $16.0M | 0.0% |
| Hawaii (HI) | 328 | $16.0M | 0.8% |
| Alaska (AK) | 26 | $13.1M | 0.1% |
| Missouri (MO) | 225 | $12.2M | 0.6% |
| Idaho (ID) | 10 | $10.6M | 0.0% |
| Indiana (IN) | 219 | $9.3M | 0.6% |
| Arkansas (AR) | 142 | $7.8M | 0.4% |
| Wyoming (WY) | 14 | $7.3M | 0.0% |
| Montana (MT) | 71 | $6.6M | 0.2% |
| Mississippi (MS) | 496 | $6.5M | 1.3% |
| Michigan (MI) | 163 | $6.3M | 0.4% |
| Kentucky (KY) | 14 | $5.9M | 0.0% |
| North Dakota (ND) | 6 | $5.8M | 0.0% |
| Massachusetts (MA) | 20 | $3.6M | 0.1% |
| Minnesota (MN) | 35 | $2.7M | 0.1% |
| West Virginia (WV) | 215 | $2.3M | 0.5% |
| Wisconsin (WI) | 24 | $2.2M | 0.1% |
| New Hampshire (NH) | 3 | $1.7M | 0.0% |
| Delaware (DE) | 60 | $1.3M | 0.2% |
| Nebraska (NE) | 9 | $1.2M | 0.0% |
| Maine (ME) | 2 | $1.0M | 0.0% |
| Iowa (IA) | 15 | $800K | 0.0% |
| South Dakota (SD) | 18 | $180K | 0.0% |
| Rhode Island (RI) | 6 | $35K | 0.0% |
| Vermont (VT) | 1 | $10K | 0.0% |
Why Choose Bank of Hope?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 39,284 SBA loans approved, totaling $9.60B in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Supermarkets and Other Grocery Retailers (except Convenience Retailers), Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 6.44% with flexible term lengths averaging 101 months
- ✓Loan Range: Loan sizes from $-120000 to $5.0M, with an average of $244K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in CA, TX, IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of Hope SBA lending
What types of businesses does Bank of Hope typically finance?
Bank of Hope specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), supermarkets and other grocery retailers (except convenience retailers), hotels (except casino hotels) and motels, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Hope's typical SBA loan terms?
Bank of Hope's SBA 7(a) loans typically feature an average interest rate of 6.44% and average term length of 101 months (approximately 8 years). Loan sizes range from $-120000 to $5.0M, with an average loan size of $244K.
Do I need a business valuation for a Bank of Hope SBA loan?
Yes, Bank of Hope typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of Hope compare to other SBA lenders?
Bank of Hope has originated 39,284 SBA loans totaling $9.60B since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of Hope lend in?
Bank of Hope provides SBA 7(a) financing with particularly strong presence in CA, TX, IL, WA, GA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Certified valuations are often required for SBA loans over $250,000.
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