Open Bank: SBA Lending Profile
Open Bank is an FDIC-insured bank, headquartered in Los Angeles, CA. It is active in 35 states, concentrated around CA, TX, WA. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Open Bank actually approves
The median SBA approval at Open Bank is $1,140,000. The middle 80% of its loans fall between $279,000 and $4,230,000. The smallest approval on record since 2020 is $90,000 and the largest is $5,000,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 221 | $1.1M | 7.75% | 25 years |
| 504 first mortgage (third party) | 13 | $1.8M | n/a | 25 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 173 | 23.3% |
| Gasoline Stations with Convenience Stores | 90 | 12.1% |
| Beer, Wine, and Liquor Retailers | 76 | 10.3% |
| Full-Service Restaurants | 56 | 7.6% |
| Gasoline Stations with Convenience Stores | 49 | 6.6% |
| Beer, Wine, and Liquor Stores | 36 | 4.9% |
| Limited-Service Restaurants | 32 | 4.3% |
| Supermarkets and Other Grocery (except Convenience) Stores | 29 | 3.9% |
| Car Washes | 16 | 2.2% |
| Snack and Nonalcoholic Beverage Bars | 15 | 2% |
| Convenience Retailers | 15 | 2% |
| Coin-Operated Laundries and Drycleaners | 12 | 1.6% |
Conventional small business lending, beyond SBA
SBA loans are a fraction of most banks' small business lending. Under the Community Reinvestment Act, Open Bank reported 166 small business loan originations in 2024, totaling $69M, at an average of about $414K per loan across 10 states. 49.4% of those loans went to businesses with under $1M in annual revenue.
Borrower profile
- only 11.9% of its recent SBA loans went to startups, this lender works almost entirely with established businesses.
- Collateral was taken on 100% of its recent SBA loans.
- 0% of its loans carry fixed rates; the rest are variable.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Conventional small business lending figures from FFIEC CRA disclosure data (2024 activity year); CRA loan counts include business credit card originations at some institutions. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Open Bank.