Bank of Hope
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Bank of Hope
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2,632 | $1.38B | $522K | 19.2% |
| 722513 | Limited-Service Restaurants | 1,232 | $492.0M | $399K | 9.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 1,064 | $2.86B | $2.7M | 7.8% |
| 445320 | Other | 528 | $384.4M | $728K | 3.8% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 488 | $553.4M | $1.1M | 3.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 408 | $175.4M | $430K | 3.0% |
| 424350 | Other | 408 | $92.4M | $226K | 3.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 336 | $314.0M | $935K | 2.4% |
| 445310 | Beer, Wine, and Liquor Stores | 328 | $151.3M | $461K | 2.4% |
| 456120 | Other | 312 | $154.6M | $496K | 2.3% |
Geographic Distribution
SBA lending activity for Bank of Hope by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 7,008 | $3.96B | 51.0% |
| Texas (TX) | 1,744 | $1.73B | 12.7% |
| Washington (WA) | 696 | $1.19B | 5.1% |
| Colorado (CO) | 816 | $895.3M | 5.9% |
| New York (NY) | 1,024 | $805.1M | 7.5% |
| Georgia (GA) | 576 | $692.4M | 4.2% |
| Arizona (AZ) | 120 | $237.8M | 0.9% |
| New Jersey (NJ) | 328 | $222.7M | 2.4% |
| Alabama (AL) | 64 | $120.6M | 0.5% |
| Kansas (KS) | 40 | $108.5M | 0.3% |
| Oregon (OR) | 80 | $106.2M | 0.6% |
| New Mexico (NM) | 40 | $99.4M | 0.3% |
| Florida (FL) | 40 | $86.7M | 0.3% |
| Illinois (IL) | 320 | $76.7M | 2.3% |
| South Carolina (SC) | 40 | $73.3M | 0.3% |
| Nevada (NV) | 96 | $69.0M | 0.7% |
| Tennessee (TN) | 32 | $65.1M | 0.2% |
| Virginia (VA) | 232 | $59.8M | 1.7% |
| Ohio (OH) | 48 | $55.3M | 0.3% |
| Oklahoma (OK) | 32 | $45.5M | 0.2% |
| North Dakota (ND) | 16 | $42.2M | 0.1% |
| Connecticut (CT) | 56 | $41.6M | 0.4% |
| Montana (MT) | 16 | $39.9M | 0.1% |
| Kentucky (KY) | 16 | $29.6M | 0.1% |
| Michigan (MI) | 24 | $29.3M | 0.2% |
| Utah (UT) | 8 | $26.3M | 0.1% |
| Alaska (AK) | 16 | $25.2M | 0.1% |
| Idaho (ID) | 16 | $21.4M | 0.1% |
| North Carolina (NC) | 24 | $16.5M | 0.2% |
| Missouri (MO) | 16 | $14.7M | 0.1% |
| Maryland (MD) | 40 | $13.8M | 0.3% |
| Wisconsin (WI) | 32 | $13.6M | 0.2% |
| New Hampshire (NH) | 8 | $13.3M | 0.1% |
| Louisiana (LA) | 8 | $9.9M | 0.1% |
| Wyoming (WY) | 8 | $9.1M | 0.1% |
| Maine (ME) | 8 | $8.0M | 0.1% |
| Massachusetts (MA) | 8 | $5.1M | 0.1% |
| Pennsylvania (PA) | 8 | $4.1M | 0.1% |
| Indiana (IN) | 8 | $4.0M | 0.1% |
| District of Columbia (DC) | 16 | $3.8M | 0.1% |
Why Choose Bank of Hope?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 13,728 SBA loans approved, totaling $11.08B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Hotels (except Casino Hotels) and Motels
- ✓Competitive Terms: Average interest rate of 7.81% with flexible term lengths averaging 149 months
- ✓Loan Range: Loan sizes from $30K to $5.0M, with an average of $807K
- ✓Nationwide Reach: Active lending in 40 states, with strong presence in CA, TX, NY
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 full-service restaurants, limited-service restaurants, hotels (except casino hotels) and motels, other. 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 7.81% and average term length of 149 months (approximately 12 years). Loan sizes range from $30K to $5.0M, with an average loan size of $807K.
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 13,728 SBA loans totaling $11.08B since 2020. 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, NY, CO, WA. 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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Professional valuations are often required for SBA loans over $250,000.
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