Bank of Hope

This is a financial institution that provides SBA loan programs to support small business growth. You can find information about loan options, application procedures, and support services tailored for small businesses.

It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability. Contact the branch ahead of time for the best experience.

The branch typically operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it's best to call ahead.

There are no fees for accessing basic information; however, loan processing and application fees may apply depending on the financing arrangement.

This service is open to small business owners and entrepreneurs across the nation, regardless of residency, provided they meet the eligibility criteria.

A minimum personal credit score of around 640 is generally preferred, but higher scores can improve approval chances.

The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and supporting documentation.

Most banks keep weekday business hours and are closed on weekends, and Bank of Hope 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 Bank of Hope to confirm current weekend availability before you go.

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

The core details for Bank of Hope — 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 Bank of Hope before applying. If you represent Bank of Hope, claim this listing to keep its information up to date.

You can reach Bank of Hope by phone at (213) 427-1000 or online at bankofhope.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 Bank of Hope before relying on them.

Based on its approved SBA loans, Bank of Hope most often finances businesses in restaurants & food service, general retail, wholesale & distribution, hotels & lodging, gas stations & convenience, and pharmacy & medical retail. This reflects Bank of Hope'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 Bank of Hope 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 Bank of Hope participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Hope 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. Bank of Hope 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. Bank of Hope's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Hope 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 Bank of Hope 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 Bank of Hope 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 Bank of Hope 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. Bank of Hope weighs this case by case under its own policy, so be upfront about your history and ask Bank of Hope how it evaluates prior bankruptcies.