# Hanmi Bank

A top-five acquisition lender by loan count.

A Los Angeles bank and SBA Preferred Lender that finances business acquisitions with 7(a) loans up to $5M over ten years, plus a $250k fast-review product, working from six regional offices across California, New York and New Jersey, Colorado, Washington, Virginia, and Georgia.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search, Diligence & Close the Deal
- Website: https://www.hanmi.com/business/sba-lending/

## At a Glance

A high-volume acquisition lender that the [searcher](https://searchspheresource.com/glossary/searcher) conversation has not discovered; worth a [term sheet](https://searchspheresource.com/glossary/term-sheet) alongside the usual names if you are in one of its markets.

## What It Costs

Loan products, no fee to engage. The 7(a) reaches $5,000,000 with ten-year terms on acquisitions; the smaller Simple Loan reaches $250,000 on the same term and has carried a published Prime plus 1% promotional rate, which is unusual in a category that publishes almost nothing. Standard 7(a) rates and fees are not published; confirm current terms directly.

## Best For

A buyer in one of its six regional markets who wants a high-volume acquisition lender writing loans at the size individual buyers actually pay

## Pros and Cons

- Pro: Wrote 134 [change-of-ownership](https://searchspheresource.com/glossary/change-of-ownership) loans in FY2025, fifth most in the country, computed here from the SBA's own loan file rather than taken from a ranking
- Pro: Those loans averaged about $864,000, which is squarely the size an individual buyer pays rather than the [lower-middle-market](https://searchspheresource.com/glossary/lower-middle-market) deals some volume lenders chase
- Pro: Names business acquisition as an eligible use on its own SBA page, so a buyer is not arguing the use case from the first call
- Pro: A [Preferred Lender](https://searchspheresource.com/glossary/preferred-lender-program), which means it approves inside the bank rather than sending the file to the SBA for a second credit review
- Pro: Publishes a promotional rate on its small-loan product, which is rare in a category where almost nobody publishes anything
- Con: Publishes no rates, fees, or terms for the [7(a)](https://searchspheresource.com/glossary/sba-7a) itself, so the shortlist call is the only way to compare it
- Con: No Searchfunder or Reddit thread discusses the bank the way they discuss the searcher-known lenders, so there is no practitioner account of how it handles a [search-fund](https://searchspheresource.com/glossary/search-fund) file
- Con: Coverage runs from six regional offices rather than nationally, so a buyer outside those markets may find the relationship harder to build
- Con: The fast-review product caps at $250,000, well under a typical acquisition, so the speed it advertises does not apply to most deals

## What Searchers Say

Acquisition volume and average loan size are computed here from the SBA 7(a) loan-level file, so they are the government's numbers rather than the bank's. Product terms and Preferred Lender status are from the bank's own SBA lending page. The absence of practitioner discussion is stated as an absence, not as a mark against it.

## Compared With

- Two LA community desks, one rate: the volume book or the big-check book? (https://searchspheresource.com/resources/compare/open-bank-vs-hanmi-bank.md)

## Sources

- https://www.hanmi.com/business/sba-lending/
- https://www.hanmi.com

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/hanmi-bank
Last checked: 2026-07-28

Site index for machines: https://searchspheresource.com/llms.txt