Shinhan Bank America

New York, NY7(a) lenderTop sector: Drycleaning and Laundry Services (except Coin-Operated)

Is this my lender?

Loans approved

719

FY1994–FY2026

Dollars approved

$390.2M

$78.2M since FY2021

Average loan

$543K

$1.1M recently

Charge-off rate

8.4%

by dollars · 16.4% by count

Approvals over time

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What they lend against

Drycleaning and Laundry Services (except Coin-Operated)89 Full-Service Restaurants59 Full-Service Restaurants48 Limited-Service Restaurants46 Beer, Wine, and Liquor Stores42 Coin-Operated Laundries and Drycleaners38

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

California260 · 36%New York199 · 28%Georgia87 · 12%New Jersey77 · 11%Texas39 · 5%Connecticut14 · 2%Virginia11 · 2%District of Columbia5 · 1%

Share is of this lender’s entire book, so the 8 states shown need not sum to 100%. Together they account for 96% of its lending.

At a glance

Rank by recent volume#347 of 2321

First approvalFY1994

Latest approvalFY2026

States lent into8+

What they charge

Typical pricingPrime + 1.25

Median rate 8.75%Fixed 10%42 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% (719)504 · 0% (0)

Split by loan count.

7(a) $390.2M504 $0

Loss rate in context

This lender8.4%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 16.4%; the two measures diverge when a book is weighted toward small loans.

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