Cathay Bank

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.

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.

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.

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

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

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

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

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

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

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

You can reach Cathay Bank by phone at (213) 625-4791 or online at cathaybank.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 Cathay Bank before relying on them.

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