Open Bank
Headquartered in LOS ANGELES, CA. Analysis based on 735 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $1.24B.
Total 7(a) loans
735
Total approved
$1.24B
Average loan
$1.7M
States funded in
35
Charge-off rate
0.21%
FY2020–FY2023 cohort
Paid-in-full rate
36.42%
Average rate
7.34%
Average term
236 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 177 |
| 722511 | Full-Service Restaurants | 55 |
| 447110 | Gasoline Stations with Convenience Stores | 54 |
| 445310 | Beer, Wine, and Liquor Stores | 37 |
| 722513 | Limited-Service Restaurants | 32 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 31 |
| 811192 | Car Washes | 16 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 13 |
| 812310 | Coin-Operated Laundries and Drycleaners | 12 |
| 621210 | Offices of Dentists | 7 |
Top 10 states
| State | Loans |
|---|---|
| CA | 401 |
| TX | 74 |
| WA | 53 |
| GA | 42 |
| CO | 29 |
| OR | 15 |
| MD | 13 |
| NM | 13 |
| NV | 12 |
| NC | 10 |
Top franchise brands financed
212 franchise loans across 91 distinct brands.
| Franchise | Loans |
|---|---|
| Super 8 by Wyndhan | 14 |
| AM/PM Mini-Mart Agreement - AR | 13 |
| It's Boba Time | 11 |
| Quality Inn by Choice Hotels / | 9 |
| Best Western - Membership Agre | 9 |
| Chevron - Retail Supply Contra | 7 |
| Motel 6 | 7 |
| Days Inn by Wyndham | 7 |
| Paris Baguette | 6 |
| Rodeway Inn by Choice Hotels/R | 6 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.