Bank of Hope
CA
SBA-approved lender offering 9 loan programs across 44 industries.
Key Metrics
Interest Rate
8.63%
1.88% over prime
Average Loan
$801K
Per approval
Total Approvals
382
FY 2025
Loan Programs (9)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
7a General
International Trade Loans
7a with EWCP
7a with WCP
Industries Served (44)
All Other Amusement and Recreation IndustriesAll Other Professional, Scientific, and Technical ServicesApparel Accessories and Other Apparel ManufacturingAutomotive Body, Paint, and Interior Repair and MaintenanceBeauty SalonsCafeterias, Grill Buffets, and BuffetsCoffee and Tea ManufacturingCoin-Operated Laundries and DrycleanersCommercial and Institutional Building ConstructionCouriersDental Equipment and Supplies ManufacturingDental LaboratoriesDrinking Places (Alcoholic Beverages)Drugs and Druggists' Sundries Merchant WholesalersDrycleaning and Laundry Services (except Coin-Operated)Freight Transportation ArrangementFresh Fruit and Vegetable Merchant WholesalersFull-Service RestaurantsGeneral Automotive RepairGeneral Line Grocery Merchant WholesalersHome Health Care ServicesHomes for the ElderlyHotels (except Casino Hotels) and MotelsJanitorial ServicesJewelry, Watch, Precious Stone, and Precious Metal Merchant WholesalerLimited-Service RestaurantsLinen SupplyNail SalonsOffices of All Other Miscellaneous Health PractitionersOffices of DentistsOffices of LawyersOffices of Mental Health Practitioners (except Physicians)Offices of Physical, Occupational and Speech Therapists, and AudiologiOffices of Physicians (except Mental Health Specialists)Other Chemical and Allied Products Merchant WholesalersOther Grocery and Related Products Merchant WholesalersOther Management Consulting ServicesOther Miscellaneous Durable Goods Merchant WholesalersPiece Goods, Notions, and Other Dry Goods Merchant WholesalersResidential Property ManagersServices for the Elderly and Persons with DisabilitiesSnack and Nonalcoholic Beverage BarsSupermarkets and Other Grocery (except Convenience) StoresWholesale Trade Agents and Brokers
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.88%
- Effective Rate
- 8.63%
- Fiscal Year
- 2025
- States Served
- CA
- Website
- www.bankofhope.com
Ready to apply with Bank of Hope?
Let Cassian help you prepare your application and connect you with the right loan officer.