Preferred Bank approved 45 SBA loans worth $40.3M between October 2021 and June 2026, ranking #593 of 2,283 SBA lenders nationally by loan count. Its median loan was $500,000, and 18% went to startups or businesses under two years old. It lent in 6 states, most often in California, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 35 | $29.3M | $500,000 | #106 |
| Washington | 4 | $3.5M | $876,500 | #112 |
| Texas | 3 | $2.8M | $1,095,000 | #306 |
| Colorado | 1 | $4.1M | $4,100,000 | #229 |
| Oregon | 1 | $264K | $264,000 | #128 |
| Nevada | 1 | $350K | $350,000 | #131 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 16 | $362,500 | |
| Retail | 7 | $500,000 | |
| Wholesale trade | 6 | $539,000 | |
| Construction | 3 | $900,000 | |
| Information and media | 2 | $767,500 | |
| Other services (repair, personal care) | 2 | $578,000 | |
| Professional and technical services | 2 | $826,000 | |
| Manufacturing | 2 | $200,000 | |
| Education | 1 | $1,647,000 | |
| Health care and social assistance | 1 | $927,000 |