For any business use, including business real estate purchase, construction,
refinance, business acquisition, equipment purchase and working capital.
$50,000 ~ $5,000,000
For loans over $5,000,000, Hanmi Bank can arrange financing through a
Combination Financing Loan or a participating loan.
SBA loans are variable-rate loans tied to lowest Wall Street Journal Prime Rate.
Hanmi Bank offers the most competitive rates allowed under the program.
Term depends on the use of loan proceeds
- 25 years for real estate purchase, construction, or refinance
- 10 years for business and equipment purchase
- 10 years for working capital, including inventory purchase
SBA Guarantee Fee
SBA guarantee fee will be charged based upon SBA rule. Upon receiving the
application's initial documentation, a preliminary response will be given within two
(2) days. From loan application to funding is approximately 4-6 weeks.
- Hanmi Bank application with personal financial statement
- Three years income tax returns
- Interim financial statements with interim period ending within three (3) months of the application date
- Escrow instructions or purchase agreement
- We are allowed to fund your loan faster because no approval by the SBA is required.
- Up to 90% financing on real estate purchase or refinance.
- Start-up businesses can qualify.