Shinhan Bank America
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Shinhan Bank America · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 102 | $30.5M | $299K | 12.2% |
| 722511 | Full-Service Restaurants | 67 | $38.0M | $567K | 8.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 39 | $35.8M | $917K | 4.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 36 | $16.4M | $456K | 4.3% |
| 812113 | Nail Salons | 30 | $7.3M | $243K | 3.6% |
| 722513 | Limited-Service Restaurants | 29 | $9.2M | $316K | 3.5% |
| 811192 | Car Washes | 16 | $29.7M | $1.9M | 1.9% |
| 812112 | Beauty Salons | 16 | $4.8M | $297K | 1.9% |
| 621210 | Offices of Dentists | 15 | $9.5M | $631K | 1.8% |
| 624410 | Child Care Services | 8 | $8.3M | $1.0M | 1.0% |
Geographic Distribution
SBA lending activity for Shinhan Bank America by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 290 | $209.4M | 34.8% |
| New York (NY) | 233 | $79.3M | 27.9% |
| Georgia (GA) | 101 | $54.0M | 12.1% |
| New Jersey (NJ) | 90 | $33.0M | 10.8% |
| Texas (TX) | 54 | $22.6M | 6.5% |
| Connecticut (CT) | 17 | $7.2M | 2.0% |
| Arizona (AZ) | 5 | $5.5M | 0.6% |
| Nevada (NV) | 1 | $3.8M | 0.1% |
| Virginia (VA) | 12 | $3.4M | 1.4% |
| District of Columbia (DC) | 6 | $2.9M | 0.7% |
| Alabama (AL) | 5 | $2.1M | 0.6% |
| Indiana (IN) | 1 | $1.9M | 0.1% |
| Pennsylvania (PA) | 5 | $1.8M | 0.6% |
| Washington (WA) | 2 | $1.8M | 0.2% |
| Tennessee (TN) | 3 | $1.6M | 0.4% |
| Florida (FL) | 2 | $1.1M | 0.2% |
| Oklahoma (OK) | 2 | $999K | 0.2% |
| Maryland (MD) | 2 | $940K | 0.2% |
| South Carolina (SC) | 1 | $506K | 0.1% |
| North Carolina (NC) | 1 | $230K | 0.1% |
| Colorado (CO) | 1 | $140K | 0.1% |
Why Choose Shinhan Bank America?
Based on SBA 7(a) lending track record from 1994-2025
- ✓Proven Track Record: 834 SBA loans approved, totaling $434.1M in financing
- ✓Industry Expertise: Specialized focus on Drycleaning and Laundry Services (except Coin-Operated), Full-Service Restaurants, Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 5.81% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $521K
- ✓Nationwide Reach: Active lending in 21 states, with strong presence in CA, NY, GA
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 Shinhan Bank America SBA lending
What types of businesses does Shinhan Bank America typically finance?
Shinhan Bank America specializes in SBA 7(a) lending to specific industries including drycleaning and laundry services (except coin-operated), full-service restaurants, coin-operated laundries and drycleaners, supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Shinhan Bank America's typical SBA loan terms?
Shinhan Bank America's SBA 7(a) loans typically feature an average interest rate of 5.81% and average term length of 134 months (approximately 11 years). Loan sizes range from $10K to $5.0M, with an average loan size of $521K.
Do I need a business valuation for a Shinhan Bank America SBA loan?
Yes, Shinhan Bank America 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 Shinhan Bank America compare to other SBA lenders?
Shinhan Bank America has originated 834 SBA loans totaling $434.1M since 1994. 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 Shinhan Bank America lend in?
Shinhan Bank America provides SBA 7(a) financing with particularly strong presence in CA, NY, GA, NJ, TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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