Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Car Washes
- Cosmetics, Beauty Supplies, and Perfume Stores
- Coin-Operated Laundries and Drycleaners
Quick Summary
Shinhan Bank America is an SBA-approved lender headquartered in New York, New York. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 102 SBA 7(a) loans totaling $105.8M, with an average loan size of $1.0M. They serve businesses across 9 states.
About Shinhan Bank America
Shinhan Bank America is an SBA-approved lender headquartered in New York, New York. Since 2020, they have approved 102 SBA 7(a) loans totaling $105.8M, 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 9 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 Shinhan Bank America an SBA Preferred Lender?
Yes, Shinhan Bank America 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 Shinhan Bank America approved?
According to SBA FOIA public records, Shinhan Bank America has approved 102 SBA 7(a) loans totaling $105.8M since 2020. Their average loan size is $1.0M.
What states does Shinhan Bank America serve?
Shinhan Bank America serves businesses in 9 states: Alabama, Arkansas, Arizona, California, Connecticut, Georgia, New Jersey, New York, Texas.
How do I apply for an SBA loan with Shinhan Bank America?
To apply for an SBA 7(a) loan with Shinhan Bank America, 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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