Cathay Bank
LOS ANGELES, CA 90012
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Beer, Wine, and Liquor Stores
- Hotels (except Casino Hotels) and Motels
- Supermarkets and Other Grocery (except Convenience) Stores
- Used Car Dealers
Quick Summary
Cathay Bank is an SBA-approved lender headquartered in LOS ANGELES, California. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 109 SBA 7(a) loans totaling $114.2M, with an average loan size of $1.0M. They serve businesses across 12 states.
About Cathay Bank
Cathay Bank is an SBA-approved lender headquartered in LOS ANGELES, California. Since 2020, they have approved 109 SBA 7(a) loans totaling $114.2M, with an average loan size of $1.0M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 12 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Cathay Bank an SBA Preferred Lender?
Yes, Cathay Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Cathay Bank approved?
According to SBA FOIA public records, Cathay Bank has approved 109 SBA 7(a) loans totaling $114.2M since 2020. Their average loan size is $1.0M.
What states does Cathay Bank serve?
Cathay Bank serves businesses in 12 states: Arizona, California, Illinois, Massachusetts, Maryland, New Jersey, Nevada, New York, Ohio, Pennsylvania, Texas, Washington.
How do I apply for an SBA loan with Cathay Bank?
To apply for an SBA 7(a) loan with Cathay Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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