Shinhan Bank America

This is a commercial bank offering SBA loan programs to help small businesses secure funding for growth, real estate, and equipment needs. You can find personalized lending solutions and expert guidance to support your business goals.

It's recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may also be available during business hours.

The bank typically operates from 9 AM to 5 PM, Monday through Friday, but hours may vary, so it's best to contact ahead of your visit.

There are no fees to visit or consult; however, loan application and processing fees may apply depending on the specific financing arrangement.

This bank primarily serves small business clients and residents within its regional area, but eligibility depends on meeting specific lending criteria.

A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances.

The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of your application and documentation.

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

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

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

You can reach Shinhan Bank America by phone at (646) 843-7353 or online at shbamerica.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 Shinhan Bank America before relying on them.

Based on its approved SBA loans, Shinhan Bank America most often finances businesses in restaurants & food service, general retail, wholesale & distribution, automotive repair & services, pharmacy & medical retail, and salons, spas & personal care. This reflects Shinhan Bank America'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 Shinhan Bank America 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 Shinhan Bank America participates in SBA Express depends on its specific SBA lending authority. Contact Shinhan Bank America and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Shinhan Bank America operates as a PLP (Preferred Lenders Program) Lender with authority to make independent credit decisions, typically enabling faster loan approvals. Confirm current PLP status with the lender.

Yes, Shinhan Bank America's SBA 7(a) program specifically serves new, start-up, and recently acquired companies. Confirm current startup eligibility requirements with the lender.

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 Shinhan Bank America 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 Shinhan Bank America 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 Shinhan Bank America 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. Shinhan Bank America weighs this case by case under its own policy, so be upfront about your history and ask Shinhan Bank America how it evaluates prior bankruptcies.