Go Back

Cathay Bank

Cathay Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized banking solutions, it provides expertise in SBA 7(a) loans, helping clients secure funding up to $637,000 for various business purposes. The bank’s experienced team guides borrowers through the application process, ensuring clarity and efficiency. Located in Los Angeles, CA, it serves a diverse business community with a commitment to fostering economic development and supporting entrepreneurial ventures. The bank’s SBA program history reflects a strong track record of successful approvals and client satisfaction, making it a reliable partner for your business financing needs. Whether you’re looking for working capital, equipment financing, or real estate loans, Cathay Bank is equipped to assist with flexible terms and competitive rates. Its dedicated staff understands the nuances of SBA lending and works closely with clients to tailor solutions that match their unique circumstances. This bank emphasizes customer service, transparency, and a thorough understanding of small business challenges, positioning it as a trusted resource for entrepreneurs in the region.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

2.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that provides SBA loan options and financial services tailored to small and medium-sized businesses. You can find assistance with funding, guidance through the application process, and personalized banking solutions to support your business growth.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to meet with a loan officer for personalized service, but walk-in consultations may be available during business hours depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to call ahead to confirm hours or schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting the bank; however, loan processing and application fees may apply depending on the services used.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners and residents in the region, but eligibility depends on meeting specific credit and business criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 680 is preferred, but other factors like business performance and collateral are also considered.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Cathay Bank

Description

Location

Review

Q&A