Open Bank

Los Angeles, CA7(a) lenderTop sector: Hotels (except Casino Hotels) and Motels

Is this my lender?

Loans approved

2,048

FY2005–FY2026

Dollars approved

$2.6B

$1.0B since FY2021

Average loan

$1.3M

$1.8M recently

Charge-off rate

0.3%

by dollars · 2.3% by count

Approvals over time

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What they lend against

Hotels (except Casino Hotels) and Motels347 Gasoline Stations with Convenience Stores194 Beer, Wine, and Liquor Stores179 Full-Service Restaurants162 Limited-Service Restaurants104 Gasoline Stations with Convenience Stores82

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

California1,371 · 67%Washington161 · 8%Texas137 · 7%Georgia84 · 4%Colorado55 · 3%Oregon35 · 2%Nevada27 · 1%Maryland17 · 1%

Share is of this lender’s entire book, so the 8 states shown need not sum to 100%. Together they account for 92% of its lending.

At a glance

Rank by recent volume#39 of 2321

First approvalFY2005

Latest approvalFY2026

States lent into8+

What they charge

Typical pricingPrime + 1.50

Median rate 9.50%Fixed 0%281 loans

Median initial rate on this lender's 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is cheaper than the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

Program mix

7(a) · 100% (2,048)504 · 0% (0)

Split by loan count.

7(a) $2.6B504 $0

Loss rate in context

This lender0.3%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 2.3%; the two measures diverge when a book is weighted toward small loans.

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