Preferred Bank
Los Angeles, CA 90017
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Limited-Service Restaurants
- Full-Service Restaurants
- Motion Picture and Video Production
- Plumbing, Heating, and Air-Conditioning Contractors
- Snack and Nonalcoholic Beverage Bars
Quick Summary
Preferred Bank is an SBA-approved lender headquartered in Los Angeles, California. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 41 SBA 7(a) loans totaling $38.2M, with an average loan size of $932K. They serve businesses across 5 states.
About Preferred Bank
Preferred Bank is an SBA-approved lender headquartered in Los Angeles, California. Since 2020, they have approved 41 SBA 7(a) loans totaling $38.2M, with an average loan size of $932K. 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 5 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 Preferred Bank an SBA Preferred Lender?
Yes, Preferred Bank 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 Preferred Bank approved?
According to SBA FOIA public records, Preferred Bank has approved 41 SBA 7(a) loans totaling $38.2M since 2020. Their average loan size is $932K.
What states does Preferred Bank serve?
Preferred Bank serves businesses in 5 states: California, Colorado, Oregon, Texas, Washington.
How do I apply for an SBA loan with Preferred Bank?
To apply for an SBA 7(a) loan with Preferred Bank, 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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