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SBA Lending

SBA 7(a) Loans

If you're looking to purchase inventory, equipment and machinery, an existing business or commercial property, 7(a) loans offer the longest terms available to repay the loan.

  • Loan terms from 7 to 10 years for business purposes
  • Loan terms up to 25 years for owner-occupied commercial real estate property
  • $50,000 to $5 million in available financing
  • Quick pre-approval and decision process

Benefits

  • SBA PLP Lender
  • Quick decision making process
  • Experience in helping small businesses succeed


SBA 504 Loans

Under this program, Bank of Hope provides 1st Deed financing and the Certified Development Company (CDC) provides 2nd Deed financing for commercial property purchases. What makes these loans so advantageous is that business owners only need to contribute as little as 10% equity into a project.

  • Loan term for 1st Deed Bank of Hope financing is 10 years due with amortization schedule up to 25 years
  • Loan term for 2nd Deed CDC financing is 20 years due with 20 years amortization schedule
  • For purchase of commercial property (51% owner occupied) including hotel/motel
  • $500,000 to $15 million in available financing
  • Up to 90% financing (90% LTV)

Benefits

  • Quick decision making process
  • Experience in helping small businesses succeed


SBA Express Loans

The SBA Express program gives small business borrowers an accelerated turnaround time for SBA's review.

  • Loan amounts up to $350,000
  • Quick pre-approval and decision process
  • Financing for a variety of business purposes
  • Ease cash flow with extended repayment terms

Benefits

  • SBA PLP Lender
  • Quick decision making process
  • Experience in helping small businesses succeed


SBA Export Working Capital Program (EWCP)

As trade financing specialists, Bank of Hope’s SBA and Commercial Lending teams can provide a better understanding of SBA's export lending programs, and are able to guide you through the process every step of the way. The benefits of an EWCP loan include:

  • Financing for suppliers, inventory or production of export goods
  • Ideal for export working capital during long payment cycles
  • Allows exporter to extend more liberal global sales terms
  • Low fees and quick processing times

Benefits

  • SBA PLP Lender
  • Quick decision making process
  • Experience in helping small businesses succeed

See how Bank of Hope can make a difference for your company with SBA loan.

Note: PLP = Preferred Lenders Program


EZ Loan

Bank of Hope’s EZ Loan makes it simple to purchase business, purchase inventory, lease additional office space, or finance other business expenses. Find out how we can make running your business that much easier.

Loan Features

  • Business Purchase up to $350,000
  • Working Capital up to $250,000
  • Loan terms up to 7 years
  • Variable interest rates