Woori America Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Woori America Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 94 | $57.8M | $615K | 10.5% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 75 | $24.9M | $332K | 8.4% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 60 | $45.8M | $763K | 6.7% |
| 722513 | Limited-Service Restaurants | 52 | $23.7M | $456K | 5.8% |
| 812310 | Coin-Operated Laundries and Drycleaners | 46 | $41.5M | $902K | 5.1% |
| 812113 | Nail Salons | 37 | $10.4M | $281K | 4.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 21 | $71.4M | $3.4M | 2.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 15 | $6.8M | $454K | 1.7% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 14 | $14.2M | $1.0M | 1.6% |
| 811192 | Car Washes | 14 | $30.7M | $2.2M | 1.6% |
Geographic Distribution
SBA lending activity for Woori America Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 278 | $192.7M | 31.1% |
| California (CA) | 119 | $120.5M | 13.3% |
| New Jersey (NJ) | 183 | $73.7M | 20.5% |
| Pennsylvania (PA) | 138 | $70.7M | 15.4% |
| Texas (TX) | 26 | $48.0M | 2.9% |
| Virginia (VA) | 42 | $43.2M | 4.7% |
| Maryland (MD) | 32 | $25.2M | 3.6% |
| Illinois (IL) | 24 | $12.2M | 2.7% |
| Washington (WA) | 10 | $8.0M | 1.1% |
| North Carolina (NC) | 3 | $6.7M | 0.3% |
| District of Columbia (DC) | 11 | $5.8M | 1.2% |
| Connecticut (CT) | 7 | $5.7M | 0.8% |
| Georgia (GA) | 10 | $4.3M | 1.1% |
| South Carolina (SC) | 4 | $3.2M | 0.4% |
| Alabama (AL) | 1 | $2.6M | 0.1% |
| Delaware (DE) | 3 | $970K | 0.3% |
| Massachusetts (MA) | 2 | $740K | 0.2% |
| Nevada (NV) | 1 | $165K | 0.1% |
Why Choose Woori America Bank?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 894 SBA loans approved, totaling $624.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Drycleaning and Laundry Services (except Coin-Operated), Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 6.77% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $698K
- ✓Nationwide Reach: Active lending in 18 states, with strong presence in NY, NJ, PA
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 Woori America Bank SBA lending
What types of businesses does Woori America Bank typically finance?
Woori America Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, drycleaning and laundry services (except coin-operated), supermarkets and other grocery retailers (except convenience retailers), limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Woori America Bank's typical SBA loan terms?
Woori America Bank's SBA 7(a) loans typically feature an average interest rate of 6.77% and average term length of 156 months (approximately 13 years). Loan sizes range from $20K to $5.0M, with an average loan size of $698K.
Do I need a business valuation for a Woori America Bank SBA loan?
Yes, Woori America 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 Woori America Bank compare to other SBA lenders?
Woori America Bank has originated 894 SBA loans totaling $624.3M since 1995. 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 Woori America Bank lend in?
Woori America Bank provides SBA 7(a) financing with particularly strong presence in NY, NJ, PA, CA, VA. 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?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.