Hanmi Bank
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Hanmi Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 1,512 | $994.1M | $657K | 16.2% |
| 445310 | Beer, Wine, and Liquor Stores | 1,392 | $1.19B | $855K | 14.9% |
| 445320 | Other | 1,288 | $1.24B | $963K | 13.8% |
| 722513 | Limited-Service Restaurants | 896 | $431.8M | $482K | 9.6% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 344 | $256.0M | $744K | 3.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 312 | $680.8M | $2.2M | 3.3% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 272 | $326.8M | $1.2M | 2.9% |
| 445131 | Other | 256 | $199.7M | $780K | 2.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 240 | $229.3M | $955K | 2.6% |
| 445120 | Convenience Stores | 200 | $121.3M | $606K | 2.1% |
Geographic Distribution
SBA lending activity for Hanmi Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 2,256 | $2.14B | 24.2% |
| California (CA) | 2,488 | $2.01B | 26.7% |
| Washington (WA) | 1,112 | $1.03B | 11.9% |
| Texas (TX) | 704 | $719.9M | 7.5% |
| Maryland (MD) | 552 | $610.4M | 5.9% |
| Georgia (GA) | 504 | $526.0M | 5.4% |
| New York (NY) | 424 | $491.7M | 4.5% |
| Virginia (VA) | 424 | $329.2M | 4.5% |
| District of Columbia (DC) | 240 | $155.8M | 2.6% |
| New Jersey (NJ) | 168 | $139.3M | 1.8% |
| Illinois (IL) | 88 | $131.2M | 0.9% |
| Ohio (OH) | 40 | $46.3M | 0.4% |
| Nevada (NV) | 56 | $41.4M | 0.6% |
| North Carolina (NC) | 48 | $35.1M | 0.5% |
| Alabama (AL) | 24 | $29.3M | 0.3% |
| Florida (FL) | 32 | $24.3M | 0.3% |
| Massachusetts (MA) | 16 | $23.4M | 0.2% |
| Louisiana (LA) | 32 | $23.1M | 0.3% |
| South Carolina (SC) | 16 | $16.1M | 0.2% |
| Oregon (OR) | 48 | $15.9M | 0.5% |
| Mississippi (MS) | 8 | $13.2M | 0.1% |
| Tennessee (TN) | 8 | $12.8M | 0.1% |
| Wyoming (WY) | 8 | $6.6M | 0.1% |
| Pennsylvania (PA) | 8 | $6.4M | 0.1% |
| Rhode Island (RI) | 8 | $2.7M | 0.1% |
| Michigan (MI) | 8 | $2.4M | 0.1% |
| Utah (UT) | 8 | $2.3M | 0.1% |
Why Choose Hanmi Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 9,328 SBA loans approved, totaling $8.59B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beer, Wine, and Liquor Stores, Other
- ✓Competitive Terms: Average interest rate of 7.57% with flexible term lengths averaging 181 months
- ✓Loan Range: Loan sizes from $22K to $5.0M, with an average of $921K
- ✓Nationwide Reach: Active lending in 27 states, with strong presence in CA, CO, WA
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 Hanmi Bank SBA lending
What types of businesses does Hanmi Bank typically finance?
Hanmi Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, beer, wine, and liquor stores, other, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Hanmi Bank's typical SBA loan terms?
Hanmi Bank's SBA 7(a) loans typically feature an average interest rate of 7.57% and average term length of 181 months (approximately 15 years). Loan sizes range from $22K to $5.0M, with an average loan size of $921K.
Do I need a business valuation for a Hanmi Bank SBA loan?
Yes, Hanmi Bank 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 Hanmi Bank compare to other SBA lenders?
Hanmi Bank has originated 9,328 SBA loans totaling $8.59B 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 Hanmi Bank lend in?
Hanmi Bank provides SBA 7(a) financing with particularly strong presence in CA, CO, WA, TX, MD. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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