Shinhan Bank America

This is a commercial bank offering SBA loan programs to help small businesses secure funding for growth, real estate, and equipment needs. You can find personalized lending solutions and expert guidance to support your business goals.

Ask Shinhan Bank America directly — some branches take walk-ins, others book SBA conversations by appointment.

Hours vary by branch and change. Check Shinhan Bank America's website or call before you visit.

Browsing this directory is free. Any loan fees are set by Shinhan Bank America and the SBA program — ask the lender for its current schedule.

This bank primarily serves small business clients and residents within its regional area, but eligibility depends on meeting specific lending criteria.

Many SBA lenders look for a personal score around 640 or higher, but each bank sets its own bar and it changes. Ask Shinhan Bank America what it looks for today.

The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of your application and documentation.

Most bank SBA teams work weekdays; confirm with Shinhan Bank America before planning a weekend visit.

Shinhan Bank America is located in New York — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Shinhan Bank America, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Shinhan Bank America itself, which runs its own lending under its own ownership. If you work at Shinhan Bank America, you can claim this listing from this page to manage it.

The core details for Shinhan Bank America — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Shinhan Bank America before applying. If you represent Shinhan Bank America, claim this listing to keep its information up to date.

You can reach Shinhan Bank America by phone at (646) 843-7353 or online at shbamerica.com — the same details are in the contact card on this page.

Based on its approved SBA loans, Shinhan Bank America most often finances businesses in restaurants & food service, general retail, wholesale & distribution, automotive repair & services, pharmacy & medical retail, and salons, spas & personal care. This reflects Shinhan Bank America's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Shinhan Bank America which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Shinhan Bank America participates in SBA Express depends on its specific SBA lending authority. Contact Shinhan Bank America and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Whether Shinhan Bank America has SBA Preferred Lender (PLP) status is set by the SBA. Ask the bank directly; PLP lenders can approve in-house and often move faster.

Yes, Shinhan Bank America's SBA 7(a) program specifically serves new, start-up, and recently acquired companies. Confirm current startup eligibility requirements with the lender.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Shinhan Bank America what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Shinhan Bank America to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Shinhan Bank America to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Shinhan Bank America weighs this case by case under its own policy, so be upfront about your history and ask Shinhan Bank America how it evaluates prior bankruptcies.