Woori America Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Woori America Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 368 | $250.1M | $680K | 14.3% |
| 722513 | Limited-Service Restaurants | 272 | $94.0M | $346K | 10.6% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 168 | $88.3M | $525K | 6.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 136 | $440.9M | $3.2M | 5.3% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 112 | $97.9M | $874K | 4.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 104 | $49.6M | $477K | 4.0% |
| 445320 | Other | 96 | $83.6M | $870K | 3.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 80 | $159.9M | $2.0M | 3.1% |
| 456120 | Other | 80 | $40.3M | $504K | 3.1% |
| 812113 | Nail Salons | 80 | $35.2M | $440K | 3.1% |
Geographic Distribution
SBA lending activity for Woori America Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| California (CA) | 624 | $743.3M | 24.3% |
| Texas (TX) | 192 | $372.9M | 7.5% |
| Pennsylvania (PA) | 400 | $292.8M | 15.6% |
| New York (NY) | 400 | $292.2M | 15.6% |
| Virginia (VA) | 200 | $252.5M | 7.8% |
| New Jersey (NJ) | 272 | $150.3M | 10.6% |
| Illinois (IL) | 184 | $95.4M | 7.2% |
| Maryland (MD) | 56 | $75.9M | 2.2% |
| Washington (WA) | 56 | $59.2M | 2.2% |
| North Carolina (NC) | 24 | $50.1M | 0.9% |
| Connecticut (CT) | 24 | $41.1M | 0.9% |
| Georgia (GA) | 64 | $21.9M | 2.5% |
| Alabama (AL) | 8 | $20.5M | 0.3% |
| South Carolina (SC) | 24 | $14.2M | 0.9% |
| Delaware (DE) | 16 | $6.0M | 0.6% |
| Massachusetts (MA) | 8 | $4.2M | 0.3% |
| District of Columbia (DC) | 8 | $1.5M | 0.3% |
| Nevada (NV) | 8 | $1.3M | 0.3% |
Why Choose Woori America Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,568 SBA loans approved, totaling $2.50B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of 8.07% with flexible term lengths averaging 198 months
- ✓Loan Range: Loan sizes from $90K to $5.0M, with an average of $972K
- ✓Nationwide Reach: Active lending in 18 states, with strong presence in CA, NY, 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, limited-service restaurants, drycleaning and laundry services (except coin-operated), hotels (except casino hotels) and motels. 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 8.07% and average term length of 198 months (approximately 17 years). Loan sizes range from $90K to $5.0M, with an average loan size of $972K.
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 2,568 SBA loans totaling $2.50B 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 Woori America Bank lend in?
Woori America Bank provides SBA 7(a) financing with particularly strong presence in CA, NY, PA, NJ, 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.
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