Commonwealth Business Bank

This is a commercial bank offering SBA financing options, including 7(a) loans, to support small business growth. You can find tailored lending solutions, expert guidance, and quick approval processes designed to help entrepreneurs access capital efficiently.

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome depending on availability. Calling ahead can help you prepare for your visit and streamline the process.

Commonwealth Business Bank operates Monday through Friday, 9:00 AM to 5:00 PM Pacific Standard Time. Please confirm current hours and holiday closures directly with the bank.

There are fees associated with SBA loans, including origination and closing costs, which vary based on the loan amount and terms. These fees are disclosed upfront during the application process.

This bank primarily serves small business owners and entrepreneurs in the Los Angeles area. Applicants must meet specific eligibility criteria, including creditworthiness and business type, to qualify for SBA financing.

A minimum personal credit score of around 650 is generally preferred, though higher scores improve approval chances. The bank considers the overall financial health of the applicant and the business.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation. The bank strives to expedite approvals whenever possible.

Most banks keep weekday business hours and are closed on weekends, and Commonwealth Business Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Commonwealth Business Bank to confirm current weekend availability before you go.

Commonwealth Business Bank is located in California — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Commonwealth Business Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Commonwealth Business Bank itself, which runs its own lending under its own ownership. If you work at Commonwealth Business Bank, you can claim this listing from this page to manage it.

The core details for Commonwealth Business Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Commonwealth Business Bank before applying. If you represent Commonwealth Business Bank, claim this listing to keep its information up to date.

You can reach Commonwealth Business Bank by phone at (213) 808-5000 or online at cbb-bank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Commonwealth Business Bank before relying on them.

Based on its approved SBA loans, Commonwealth Business Bank most often finances businesses in general retail, restaurants & food service, gas stations & convenience, hotels & lodging, automotive repair & services, and wholesale & distribution. This reflects Commonwealth Business Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Commonwealth Business Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Commonwealth Business Bank participates in SBA Express depends on its specific SBA lending authority. Contact Commonwealth Business Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Commonwealth Business Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Commonwealth Business Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Commonwealth Business Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Commonwealth Business Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Commonwealth Business Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Commonwealth Business Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Commonwealth Business Bank weighs this case by case under its own policy, so be upfront about your history and ask Commonwealth Business Bank how it evaluates prior bankruptcies.