Top Industries Financed
- Limited-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- Full-Service Restaurants
- Offices of Mental Health Practitioners (except Physicians)
- Dried and Dehydrated Food Manufacturing
Quick Summary
OptimumBank is an SBA-approved lender headquartered in FORT LAUDERDALE, Florida. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 37 SBA 7(a) loans totaling $40.7M, with an average loan size of $1.1M. They serve businesses across 9 states.
About OptimumBank
OptimumBank is an SBA-approved lender headquartered in FORT LAUDERDALE, Florida. Since 2020, they have approved 37 SBA 7(a) loans totaling $40.7M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 9 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is OptimumBank an SBA Preferred Lender?
Yes, OptimumBank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has OptimumBank approved?
According to SBA FOIA public records, OptimumBank has approved 37 SBA 7(a) loans totaling $40.7M since 2020. Their average loan size is $1.1M.
What states does OptimumBank serve?
OptimumBank serves businesses in 9 states: Florida, Iowa, Illinois, Indiana, Mississippi, North Carolina, North Dakota, Texas, Vermont.
How do I apply for an SBA loan with OptimumBank?
To apply for an SBA 7(a) loan with OptimumBank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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