Open Bank
CA
SBA-approved lender offering 6 loan programs across 9 industries.
Key Metrics
Interest Rate
8.11%
1.36% over prime
Average Loan
$1.7M
Per approval
Total Approvals
130
FY 2025
Loan Programs (6)
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
Fixed Rates
Industries Served (9)
Car WashesFood Service ContractorsFull-Service RestaurantsHome Health Care ServicesHotels (except Casino Hotels) and MotelsOffices of LawyersServices for the Elderly and Persons with DisabilitiesSupermarkets and Other Grocery (except Convenience) StoresTax Preparation Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.36%
- Effective Rate
- 8.11%
- Fiscal Year
- 2025
- States Served
- CA
- Website
- myopenbank.com
Ready to apply with Open Bank?
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