Lenders › Shinhan Bank America
7(a) lenderNew York, New YorkFDIC-insured bank411th of 2,184 by approvals
Shinhan Bank America
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.
Shinhan Bank America (New York, New York) is an FDIC-insured bank in the SBA 7(a) program, 411th of 2,184 by approvals in FY2021 to FY2025: 70 loans worth $72.4M.
In FY2025, the latest complete fiscal year, it had 25 approvals totalling $22.8M, up 108% on FY2024 (12). FY2026 to 30 Jun 2026 adds 14 more.
The median approval was $520K, against $190K for the 7(a) program as a whole; 7.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 20 counties, led by California (71.4%), Georgia (8.6%) and Texas (8.6%). The largest industry group was accommodation and food services at 42.9% of approvals, and 12.9% of approvals were to franchise businesses.
Of 265 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (3.0%), 218 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 14 | $16.0M | $850K | $1.1M | 234 |
| FY2025 | 25 | $22.8M | $500K | $911K | 376 |
| FY2024 | 12 | $8.4M | $465K | $697K | 190 |
| FY2023 | 8 | $13.8M | $1.1M | $1.7M | 78 |
| FY2022 | 7 | $5.8M | $337K | $828K | 92 |
| FY2021 | 18 | $21.7M | $750K | $1.2M | 147 |
| FY2020 | 26 | $25.3M | $331K | $972K | 274 |
| FY2019 | 35 | $25.6M | $355K | $731K | 497 |
| FY2018 | 49 | $34.4M | $350K | $701K | 592 |
| FY2017 | 42 | $22.1M | $265K | $526K | 550 |
| FY2016 | 28 | $25.1M | $389K | $896K | 409 |
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 180 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 | 324 | 79,249 | 639,905 |
| Cancelled or never disbursed | 59 | 10,102 | 79,313 |
| Disbursed loans | 265 | 69,147 | 560,592 |
| Paid in full | 218 | 52,688 | 435,813 |
| Charged off | 8 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 39 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 3.0% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.7% | 1.5% | 2.5% |
| Dollars charged off | $1.3M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 15 | 6 | 0 | — | 2.8% |
| FY2020 | 22 | 13 | 0 | — | 4.0% |
| FY2019 | 29 | 23 | 1 | — | 6.7% |
| FY2018 | 38 | 27 | 1 | 2.6% | 7.9% |
| FY2017 | 36 | 32 | 1 | 2.8% | 7.7% |
| FY2016 | 23 | 20 | 0 | — | 7.2% |
| FY2015 | 5 | 5 | 0 | — | 6.9% |
| FY2014 | 12 | 12 | 0 | — | 6.4% |
| FY2013 | 11 | 11 | 0 | — | 6.0% |
| FY2012 | 10 | 10 | 0 | — | 6.3% |
| FY2011 | 29 | 27 | 2 | — | 6.9% |
| FY2010 | 35 | 32 | 3 | 8.6% | 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 | $520K | $190K |
| Average approval | $1.0M | $518K |
| Approvals of $150,000 or less | 7.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 42.9% | 34.3% |
| Approvals to franchise businesses | 12.9% | 11.5% |
| Jobs supported per approval, as reported | 12.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.0% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 50 | $56.2M | 71.4% | |
| 2 | Georgia | 6 | $4.1M | 8.6% | |
| 3 | Texas | 6 | $2.9M | 8.6% | |
| 4 | New Jersey | 4 | $5.0M | 5.7% | |
| 5 | New York | 2 | — | 2.9% | |
| 6 | Connecticut | 1 | — | 1.4% | |
| 7 | Arizona | 1 | — | 1.4% |
In California the lender accounts for 0.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (20 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 24 | $27.2M | 34.3% | |
| 2 | San Diego County, CA | 10 | $13.5M | 14.3% | |
| 3 | Orange County, CA | 6 | $7.8M | 8.6% | |
| 4 | Riverside County, CA | 4 | $5.7M | 5.7% | |
| 5 | Dallas County, TX | 4 | $2.3M | 5.7% | |
| 6 | DeKalb County, GA | 3 | $2.9M | 4.3% | |
| 7 | Gwinnett County, GA | 3 | $1.2M | 4.3% | |
| 8 | Bergen County, NJ | 2 | — | 2.9% | |
| 9 | Bronx County, NY | 2 | — | 2.9% | |
| 10 | San Bernardino County, CA | 2 | — | 2.9% | |
| 11 | Capitol Planning Region, CT | 1 | — | 1.4% | |
| 12 | Pima County, AZ | 1 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 30 | 42.9% | |
| 2 | Retail Trade | 12 | 17.1% | |
| 3 | Other Services (except Public Administration) | 9 | 12.9% | |
| 4 | Health Care and Social Assistance | 7 | 10.0% | |
| 5 | Wholesale Trade | 4 | 5.7% | |
| 6 | Manufacturing | 3 | 4.3% | |
| 7 | Real Estate and Rental and Leasing | 3 | 4.3% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 1.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 28 | 40.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 8.6% | |
| 3 | Health and Personal Care StoresNAICS 4461 | 5 | 7.1% | |
| 4 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 4.3% | |
| 5 | Offices of DentistsNAICS 6212 | 3 | 4.3% | |
| 6 | Lessors of Real EstateNAICS 5311 | 3 | 4.3% | |
| 7 | Child Day Care ServicesNAICS 6244 | 2 | 2.9% | |
| 8 | Household Appliances and Electrical and Electronic Goods Merchant WholesalersNAICS 4236 | 2 | 2.9% | |
| 9 | Grocery StoresNAICS 4451 | 2 | 2.9% | |
| 10 | Bakeries and Tortilla ManufacturingNAICS 3118 | 2 | 2.9% |
Approval sizes
- $50,001 to $150,0007.1%5
- $150,001 to $350,00030.0%21
- $350,001 to $1 million28.6%20
- $1 million to $2 million18.6%13
- Over $2 million15.7%11
Loan terms
- Over 5 to 10 years58.6%41
- Over 20 years41.4%29
Age of the businesses
- Existing, more than 2 years old44.3%31
- New business, 2 years or less17.1%12
- Startup, loan funds will open the business25.7%18
- Change of ownership12.9%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 68 | 97.1% | |
| 2 | 7a General | 2 | 2.9% |
Franchise share
9 of 70 approvals in FY2021–FY2025 (12.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | bb.q Chicken | 4 | 5.7% | |
| 2 | Quality Inn | 1 | 1.4% | |
| 3 | Paris Baguette | 1 | 1.4% | |
| 4 | Tous Les Jours | 1 | 1.4% | |
| 5 | It's Boba Time | 1 | 1.4% | |
| 6 | PostalAnnex+ | 1 | 1.4% |
Questions and answers
How many SBA loans does Shinhan Bank America make?
SBA approved 25 7(a) loans through Shinhan Bank America in FY2025, worth $22.8M, and 70 over FY2021 to FY2025. That ranks 411th of 2,184 active 7(a) lenders by number of approvals.
How large are Shinhan Bank America's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $520K and the average $1.0M. The program-wide median was $190K.
What is Shinhan Bank America's charge-off rate?
Of 265 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (3.0%), 218 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 Shinhan Bank America lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (28); automotive repair and maintenance (6); health and personal care stores (5); drycleaning and laundry services (3).
Where does Shinhan Bank America make SBA loans?
In 7 states and territories. California 50, Georgia 6, Texas 6, New Jersey 4, New York 2. In California it accounts for 0.1% of all 7(a) approvals.
Is Shinhan Bank America's SBA lending rising?
Approvals in the three latest complete fiscal years total 45, against 51 in the three before: falling (-12%).
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