Hanmi Bank
Hanmi Bank is an active SBA lender in California, a bank offering SBA-guaranteed small-business loans. Currently rated 3.0 stars across 17 Google reviews.
$2.5B
in SBA approvals since 2010
3,003
SBA loans funded
General Retail · Hotels & Lodging · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Hanmi Bank
Hanmi Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on providing flexible financing options, the bank specializes in SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Located in Los Angeles, California, Hanmi Bank leverages its extensive experience to assist businesses across diverse industries, ensuring personalized service and competitive terms. The bank's SBA program support includes both traditional and expedited lending options, making it a reliable partner for entrepreneurs looking to secure funding efficiently. Whether you're a startup or an established business, Hanmi Bank's team is committed to helping you navigate the lending process smoothly and achieve your business goals.
Serves SBA borrowers in 25 states
Hanmi Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Hanmi Bank finances
Business types Hanmi Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Hanmi Bank
What is this place and what can I find here?
This is a financial institution specializing in SBA loans, offering small businesses access to funding options like the SBA 7(a) program to support growth and operational needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Hanmi Bank's Wilshire-Hobart branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Please confirm current hours directly with the branch at (213) 427-5757.
Is there a fee to use this?
There are fees associated with SBA loans, including guarantee fees and closing costs, which vary depending on the loan terms.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small business owners in the Los Angeles region, but eligibility is based on creditworthiness and business qualifications.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The process typically takes between 30 to 60 days, depending on the completeness of application and documentation.
Is this open on weekends?
This Hanmi Bank branch is closed on weekends (Saturday-Sunday). Please confirm with the branch at (213) 427-5757 for any exceptions.
How do I get there and where do I park?
Hanmi 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.
Who owns or operates this listing?
This page is an independent directory listing for Hanmi Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Hanmi Bank itself, which runs its own lending under its own ownership. If you work at Hanmi Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Hanmi 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 Hanmi Bank before applying. If you represent Hanmi Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Hanmi Bank by phone at (213) 427-5757 or online at locations.hanmi.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 Hanmi Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Hanmi Bank most often finances businesses in general retail, restaurants & food service, hotels & lodging, gas stations & convenience, wholesale & distribution, and automotive repair & services. This reflects Hanmi 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 Hanmi Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Hanmi Bank participates in SBA Express depends on its specific SBA lending authority. Contact Hanmi Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Hanmi Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Hanmi Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Hanmi Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Hanmi Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Hanmi Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Hanmi Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Hanmi Bank weighs this case by case under its own policy, so be upfront about your history and ask Hanmi Bank how it evaluates prior bankruptcies.
