# Open Bank (SBA lending)

Worked examples, big checks, a cheap deep book.

The Los Angeles bank whose lending page does what almost no SBA desk does: shows worked examples with real numbers, 90% of purchase price financed again and again. A deep book in the FOIA loan file, 380 change-of-ownership loans over six years at the seventh-cheapest average rate, written at the largest average check of the community desks.

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

## At a Glance

The strongest of the community desks reviewed today: a cheap, deep, big-check book with structures shown in public, so the first conversation starts from an example instead of a promise. If the deal sits near its branches, this is the quote to make the published-terms desks beat.

## What It Costs

Loan products; no fee to engage. The page publishes no rate sheet but something rarer: a dozen worked 7(a) examples with dollar figures and structures, 90% of purchase price financed in several and 100% in one on vested equity, to the $5M program maximum. The FOIA loan file shows 68 change-of-ownership loans totaling $125.7M in FY2025 at a $1.85M average, 380 such loans across six years, and a 7.80% average initial rate, seventh cheapest among the twenty-five most active.

## Best For

Buyers in California, Texas, Nevada, or Washington with larger deals who want a desk that shows its structures before the first meeting

## Pros and Cons

- Pro: Worked deal examples with real dollar figures on its own page, which is rarer than a rate sheet in this category
- Pro: The seventh-cheapest average initial rate among the FOIA loan file's twenty-five most active, at 7.80%
- Pro: A $1.85M FY2025 average and a 380-loan six-year book: big checks from a desk that has been doing this for years
- Pro: Names itself an SBA National Small Business Lender of the Year, and the volume in the FOIA loan file is consistent with a flagship desk
- Con: Twelve branches in three states plus two Washington loan offices; the relationship model thins beyond them
- Con: No published rates or terms despite the worked examples; the structure you see is not a quote
- Con: The worked examples lean real-estate-heavy, so a [goodwill](https://searchspheresource.com/glossary/goodwill)-heavy business purchase should ask to see its shape early
- Con: No [searcher](https://searchspheresource.com/glossary/searcher)-community footprint to weigh against its own claims

## What Searchers Say

The examples and the Lender of the Year claim are its own page's. The footprint is its [holding company](https://searchspheresource.com/glossary/holdco)'s investor profile verbatim: twelve branches across Los Angeles, Orange, and Santa Clara Counties in California, Carrollton in Texas, and Las Vegas in Nevada, plus loan production offices in Lynnwood and Bellevue, Washington. Operating since 2005, renamed Open Bank in 2010. The FOIA loan file independently prices the book seventh cheapest of the twenty-five most active.

## 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://myopenbank.com/lending/
- https://opbancorp.q4ir.com/corporate-profile/default.aspx
- https://searchspheresource.com/data/acquisition-lending

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/open-bank
Last checked: 2026-08-06

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