Open Bank
LOS ANGELES, CA 90017
⭐ SBA Preferred LenderStates Served
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
Quick Summary
Open 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 735 SBA 7(a) loans totaling $1.2B, with an average loan size of $1.7M. They serve businesses across 35 states.
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.
Before you apply — know where you stand
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 Open Bank an SBA Preferred Lender?
Yes, Open 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 Open Bank approved?
According to SBA FOIA public records, Open Bank has approved 735 SBA 7(a) loans totaling $1.2B since 2020. Their average loan size is $1.7M.
What states does Open Bank serve?
Open Bank serves businesses in 35 states: Alabama, Arkansas, Arizona, California, Colorado, Washington D.C., Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, North Carolina, North Dakota, Nebraska, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia, Wyoming.
How do I apply for an SBA loan with Open Bank?
To apply for an SBA 7(a) loan with Open 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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