Lenders › Bank of Hope
7(a) lenderLos Angeles, CaliforniaFDIC-insured bank30th of 2,184 by approvals
Bank of Hope
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Bank of Hope, based in Los Angeles, California, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 1,385 of its 7(a) loans worth $1.17bn in FY2021 to FY2025, which places it 30th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 382 approvals totalling $306M, up 35% on FY2024 (283). FY2026 to 30 Jun 2026 adds 312 more.
The median approval was $350K, against $190K for the 7(a) program as a whole; 24.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 38 states and territories and 207 counties, led by California (50.0%), Texas (13.3%) and New York (7.1%). The largest industry group was accommodation and food services at 39.7% of approvals, and 9.1% of approvals were to franchise businesses.
Of 5,772 disbursed loans approved in FY2010 to FY2021, SBA records 377 as charged off (6.5%), 4,909 as paid in full and 486 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 312 | $369M | $500K | $1.2M | 2,527 |
| FY2025 | 382 | $306M | $386K | $801K | 3,440 |
| FY2024 | 283 | $245M | $400K | $867K | 2,605 |
| FY2023 | 203 | $153M | $277K | $755K | 1,802 |
| FY2022 | 234 | $183M | $253K | $784K | 2,005 |
| FY2021 | 283 | $279M | $365K | $984K | 2,213 |
| FY2020 | 249 | $137M | $163K | $548K | 2,175 |
| FY2019 | 494 | $236M | $200K | $478K | 3,648 |
| FY2018 | 455 | $331M | $190K | $727K | 2,292 |
| FY2017 | 406 | $264M | $203K | $650K | 2,374 |
| FY2016 | 472 | $321M | $250K | $681K | 4,497 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 2,076 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 6,701 | 79,249 | 639,905 |
| Cancelled or never disbursed | 929 | 10,102 | 79,313 |
| Disbursed loans | 5,772 | 69,147 | 560,592 |
| Paid in full | 4,909 | 52,688 | 435,813 |
| Charged off | 377 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 486 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 6.5% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.7% | 1.5% | 2.5% |
| Dollars charged off | $60.2M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 258 | 132 | 8 | 3.1% | 2.8% |
| FY2020 | 219 | 164 | 10 | 4.6% | 4.0% |
| FY2019 | 399 | 324 | 23 | 5.8% | 6.7% |
| FY2018 | 392 | 312 | 24 | 6.1% | 7.9% |
| FY2017 | 357 | 306 | 13 | 3.6% | 7.7% |
| FY2016 | 427 | 371 | 18 | 4.2% | 7.2% |
| FY2015 | 546 | 476 | 33 | 6.0% | 6.9% |
| FY2014 | 491 | 444 | 21 | 4.3% | 6.4% |
| FY2013 | 593 | 539 | 29 | 4.9% | 6.0% |
| FY2012 | 615 | 557 | 37 | 6.0% | 6.3% |
| FY2011 | 675 | 627 | 28 | 4.1% | 6.9% |
| FY2010 | 800 | 657 | 133 | 16.6% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $350K | $190K |
| Average approval | $842K | $518K |
| Approvals of $150,000 or less | 24.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 23.8% | 34.3% |
| Approvals to franchise businesses | 9.1% | 11.5% |
| Jobs supported per approval, as reported | 8.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.5% | 6.6% |
States served
| # | State of the business (38 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 692 | $407M | 50.0% | |
| 2 | Texas | 184 | $199M | 13.3% | |
| 3 | New York | 99 | $77.5M | 7.1% | |
| 4 | Colorado | 91 | $95.1M | 6.6% | |
| 5 | Washington | 71 | $127M | 5.1% | |
| 6 | Georgia | 62 | $75.5M | 4.5% | |
| 7 | New Jersey | 33 | $23.2M | 2.4% | |
| 8 | Illinois | 28 | $7.9M | 2.0% | |
| 9 | Virginia | 25 | $6.5M | 1.8% | |
| 10 | Arizona | 15 | $29.7M | 1.1% | |
| 11 | Nevada | 12 | $8.6M | 0.9% | |
| 12 | Alabama | 8 | $15.1M | 0.6% |
In California the lender accounts for 2.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (207 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 401 | $209M | 29.0% | |
| 2 | Orange County, CA | 127 | $63.7M | 9.2% | |
| 3 | Dallas County, TX | 48 | $46.9M | 3.5% | |
| 4 | Harris County, TX | 44 | $41.2M | 3.2% | |
| 5 | Queens County, NY | 40 | $37.9M | 2.9% | |
| 6 | San Bernardino County, CA | 37 | $24.2M | 2.7% | |
| 7 | Riverside County, CA | 30 | $29.7M | 2.2% | |
| 8 | Arapahoe County, CO | 28 | $14.8M | 2.0% | |
| 9 | Alameda County, CA | 26 | $14.6M | 1.9% | |
| 10 | King County, WA | 25 | $43.8M | 1.8% | |
| 11 | Cook County, IL | 22 | $4.5M | 1.6% | |
| 12 | Tarrant County, TX | 19 | $28.6M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 550 | 39.7% | |
| 2 | Retail Trade | 340 | 24.5% | |
| 3 | Wholesale Trade | 171 | 12.3% | |
| 4 | Other Services (except Public Administration) | 139 | 10.0% | |
| 5 | Health Care and Social Assistance | 66 | 4.8% | |
| 6 | Manufacturing | 36 | 2.6% | |
| 7 | Transportation and Warehousing | 23 | 1.7% | |
| 8 | Professional, Scientific, and Technical Services | 19 | 1.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 425 | 30.7% | |
| 2 | Traveler AccommodationNAICS 7211 | 114 | 8.2% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 88 | 6.4% | |
| 4 | Grocery StoresNAICS 4451 | 73 | 5.3% | |
| 5 | Apparel, Piece Goods, and Notions Merchant WholesalersNAICS 4243 | 73 | 5.3% | |
| 6 | Drycleaning and Laundry ServicesNAICS 8123 | 62 | 4.5% | |
| 7 | Health and Personal Care RetailersNAICS 4561 | 46 | 3.3% | |
| 8 | Personal Care ServicesNAICS 8121 | 43 | 3.1% | |
| 9 | Gasoline StationsNAICS 4571 | 30 | 2.2% | |
| 10 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 29 | 2.1% |
Approval sizes
- $50,000 or less3.0%42
- $50,001 to $150,00021.6%299
- $150,001 to $350,00026.1%361
- $350,001 to $1 million25.3%350
- $1 million to $2 million11.2%155
- Over $2 million12.9%178
Loan terms
- 5 years or less19.7%273
- Over 5 to 10 years51.0%707
- Over 10 to 20 years0.9%12
- Over 20 years28.4%393
Age of the businesses
- Existing, more than 2 years old57.1%791
- New business, 2 years or less20.2%280
- Startup, loan funds will open the business3.6%50
- Change of ownership19.1%264
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 854 | 61.7% | |
| 2 | SBA Express Program | 511 | 36.9% | |
| 3 | 7a General | 14 | 1.0% | |
| 4 | Preferred Lenders with EWCP | 6 | 0.4% |
Franchise share
126 of 1,385 approvals in FY2021–FY2025 (9.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Tous Les Jours | 6 | 0.4% | |
| 2 | Holiday Inn Express | 5 | 0.4% | |
| 3 | La Quinta by Wyndham | 5 | 0.4% | |
| 4 | Quality Inn | 5 | 0.4% | |
| 5 | American Deli | 5 | 0.4% | |
| 6 | It's Boba Time | 5 | 0.4% | |
| 7 | The UPS Store | 5 | 0.4% | |
| 8 | Super 8 by Wyndhan | 4 | 0.3% |
Questions and answers
How many SBA loans does Bank of Hope make?
SBA approved 382 7(a) loans through Bank of Hope in FY2025, worth $306M, and 1,385 over FY2021 to FY2025. That ranks 30th of 2,184 active 7(a) lenders by number of approvals.
How large are Bank of Hope's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $350K and the average $842K. The program-wide median was $190K.
What is Bank of Hope's charge-off rate?
Of 5,772 disbursed loans approved in FY2010 to FY2021, SBA records 377 as charged off (6.5%), 4,909 as paid in full and 486 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Bank of Hope lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (425); traveler accommodation (114); beer, wine, and liquor stores (88); grocery stores (73).
Where does Bank of Hope make SBA loans?
In 38 states and territories. California 692, Texas 184, New York 99, Colorado 91, Washington 71. In California it accounts for 2.0% of all 7(a) approvals.
Is Bank of Hope's SBA lending rising?
Approvals in the three latest complete fiscal years total 868, against 766 in the three before: rising (+13%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error