Cathay Bank approved 74 SBA loans worth $70.0M between October 2021 and June 2026, ranking #436 of 2,283 SBA lenders nationally by loan count. Its median loan was $658,000, and 11% went to startups or businesses under two years old. It lent in 8 states, most often in California, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 53 | $51.7M | $646,000 | #90 |
| Washington | 9 | $5.5M | $445,000 | #81 |
| New York | 6 | $7.7M | $1,239,500 | #137 |
| New Jersey | 2 | $1.8M | $894,000 | #140 |
| Nevada | 1 | $1.3M | $1,334,000 | #129 |
| Maryland | 1 | $500K | $500,000 | #139 |
| Ohio | 1 | $442K | $442,000 | #220 |
| Pennsylvania | 1 | $1.0M | $1,000,000 | #200 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 27 | $479,000 | |
| Wholesale trade | 12 | $1,651,500 | |
| Restaurants and hotels | 11 | $612,000 | |
| Health care and social assistance | 6 | $1,172,750 | |
| Professional and technical services | 5 | $360,000 | |
| Other services (repair, personal care) | 4 | $380,500 | |
| Manufacturing | 3 | $950,000 | |
| Transportation and warehousing | 2 | $2,163,500 | |
| Finance and insurance | 1 | $445,000 | |
| Arts, entertainment and recreation | 1 | $150,000 |