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Open Bank
LOS ANGELES, CA 90017
⭐ SBA Preferred Lender735
Loans Approved
$1.2B
Total Volume
$1.7M
Avg Loan Size
35
States Served
States Served
AlabamaArkansasArizonaCaliforniaColoradoWashington D.C.FloridaGeorgiaIllinoisKansasKentuckyLouisianaMassachusettsMarylandMichiganMissouriNorth CarolinaNorth DakotaNebraskaNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaSouth CarolinaTennesseeTexasUtahVirginiaWashingtonWisconsinWest VirginiaWyoming
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Full-Service Restaurants
- Gasoline Stations with Convenience Stores
- Beer, Wine, and Liquor Stores
- Limited-Service Restaurants
About Open Bank
Open Bank is an SBA-approved lender headquartered in LOS ANGELES, California. Since 2020, they have approved 735 SBA 7(a) loans totaling $1.2B, with an average loan size of $1.7M. 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 35 states.
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