Welcome to Open Bank Lending! Meet the most reliable mortgage supporting your needs


Commercial Lending

Open Bank caters to the financial needs of our clients. The dedicated lending staff expertly creates and offers customized,
properly structured credit facilities to provide financial solutions to support clients’ growth and profitability.

Business Line of Credit Revolving Line of Credit for your business to finance inventory purchase, accounts receivable, and working capital funds.

  • 1-year term and renewable every year (upon approval)
  • Competitive variable interest rate

Business Term Loan Term Loan for your business to finance business purchase, inventory purchase, equipment purchase, and working capital funds.

  • Terms up to 7 years
  • Competitive variable interest rates

Commercial Real Estate Term Loan Real Estate Term Loan to purchase property or refinance existing debts.

  • Up to 25 years amortization
  • Competitive rate and fees
  • Variable and fixed interest rates available

Contact Open Bank for further details and to obtain an application.

Trade Finance

Products & Services

Open Bank offers a broad spectrum of trade financing products and services including issuance of letters of credit, import and export financing, revolving lines of credit, clean and documentary collections, and more. Our committed international specialists are always with you providing customized solutions to your financing needs in the global economy


  • Issuance and Settlement of Letters of Credit
  • Banker’s Acceptances
  • International Lines of Credit
  • Incoming Clean and Documentary Collections (D/P, D/A)
  • Overseas Wire Transfers


  • Advising and Negotiation of Letters of Credit
  • Assignments of Proceeds
  • Transfers of Letters of Credit
  • Back-to-Back Letters of Credit
  • Working Capital Lines of Credit
  • SBA EWCP (Export Working Capital Program)
  • Outgoing Clean and Documentary Collections (D/P, D/A)


Issuance of Standby Letters of Credit Performance Bonds

SBA Lending

Open Bank, named “National Small Business Lender of the Year” by the U.S. Small Business Administration, is dedicated to providing an unparalleled level of banking experience when it comes to obtaining SBA loans.
Open Bank’s SBA Department is a team of seasoned loan officers, underwriters, and closing specialists who can quickly and accurately assess each applicant’s unique financing needs and financial qualifications to deliver custom-tailored SBA loans that are rate and term competitive, in the most efficient and streamlined ways.

Our expertise allows us to foresee and maneuver through any underwriting/closing challenges, which means you will have your loans approved and funded on time, guaranteed. Open Bank specializes in SBA 7(a) loans up to the maximum loan amount of $5 million, which can be used for the following purposes:

(a) Will follow Max LTV and Max Term of original loan purpose
(b) Weighted Average Max LTV and Max Term of each loan purpose

 Max LTVMax Term

Purchase or refinance of real estate
(Owner-occupied 51% or more by a borrower’s business)

90%25 Years

Acquisition or refinance of existing business

75%10 Years

Acquisition or refinance of machinery & equipment

85%10 Years

Working capital

N/A10 Years

Refinance of any business debt


Any combination of the above


Recent Closing Highlights

$3,600,000 SBA 7(a) loan

$3,600,000 SBA 7(a) loan to a handicap-access vehicle manufacturer to finance purchase of a 29,000 SF former GM auto dealership facility in Orange County. The loan provided 90% of the purchase price at a very competitive rate.

$1,020,000 SBA 7(a) loan

$1,020,000 SBA 7(a) loan to purchase a newly-constructed live & work condominium by a boutique animation studio in Los Angeles County. Open Bank financed 90% of the purchase price and the closing cost.

$721,000 SBA 7(a) loan

$721,000 SBA 7(a) loan to purchase and renovate a bank-owned, closed-down gas station & c-store facility in Los Angeles County. The loan included $85,000 of working capital.

$1,352,000 SBA 7(a) loan

$1,352,000 SBA 7(a) loan to purchase an industrial warehouse building near the prominent Los Angeles Fashion district by a sublimation printing company. Open Bank financed 90% of the purchase price of the building plus the closing cost.

$2,775,000 SBA 7(a) loan

$2,775,000 SBA 7(a) loan to refinance a home loan debt on an independent motel in Los Angeles County. Through this refinance, the motel owners were able to reduce $8,000 in their monthly payment.

$695,000 SBA 7(a) loan

$695,000 SBA loan 7(a) loan to purchase a fast food restaurant building in Napa County. Considering the borrower’s equity in the business, Open Bank was able to provide 100% of the purchase price of the building, plus closing cost.

$1,126,000 SBA 7(a) loan

$1,126,000 SBA 7(a) loan to refinance an existing home loan debt on a truck wash facility in Kern County. This loan also financed $295,000 construction cost of a new truck lube/service facility.

$795,000 SBA 7(a) loan

$795,000 SBA 7(a) loan to purchase an existing full-service restaurant in Los Angeles County. Open Bank was able to structure this deal with a very low down payment considering the equity vested in the borrower’s affiliate business.

$1,510,000 SBA 7(a) loan

$1,510,000 SBA 7(a) loan to refinance a home loan debt on a limited-service motel in San Antonio, TX.  Open Bank refinanced the loan where the current lender was unwilling to extend the maturity, enabling the borrowers to stay in business.

$541,000 SBA 7(a) loan

$541,000 SBA 7(a) loan to purchase a convenience store and its real estate in Kenmore, WA, This borrower was able to obtain 80% of the total combined cost of business and real estate, amortized over 25 years.

SBA Loan Hotlines

Please contact Open Bank for a “no obligation” consultation and pre-qualification.


  • Ryan Shin / Senior Vice President 213-892-1164 ryan.shin@myopenbank.com
  • Derrick Seung / Senior Vice President 213-892-2702 derrick.seung@myopenbank.com
  • Tony Jung / First Vice President 213-593-4860 tony.jung@myopenbank.com 

Washington LPO-Seattle

  • Paul Ko / Senior Vice President 425-454-3700 paul.ko@myopenbank.com

Washington LPO-Lynwood

  • Chan Lee / Senior Vice President 425-774-4003 chan.lee@myopenbank.com

Georgia LPO

  • James H. Lee / Senior Vice President 470-375-2435 jamesh.lee@myopenbank.com

Colorado LPO

  • Bryan D. Kim / Senior Vice President 720-574-9810 bryand.kim@myopenbank.com

Open Bank welcomes broker referrals and offers an excellent broker support system and compensation opportunities.
To find out more information, please contact Open Bank at (213) 892-1164.

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Home Loans

Whether you’re moving into a new house, purchasing a second home, or refinancing your current residence, you’ll find a complete range of loans and financing options at Open Bank. Since we’re a portfolio lender, you can count on specialized underwriting for even the most complex home loans.

Our home loan consultants can help you select the home loans that best meet your current needs and long-term goals. Choose our simplified and innovative fixed and adjustable rate home loan solutions available only at Open Bank.

Open Bank offers fast and convenient home loan financial solutions to meet your home loan lending needs.

We are a Nationwide Mortgage Licensing System(“NLMS”) Registered Loan Originator. The Secure and Fair Enforcement for Home Loan Licensing Act (Safe Act) requires employees of federally regulated lending institutions who act as a home loan originator (“MLO”) to register with the Nationwide Home Loan Licensing System and Registry(“Registry”). Each Open Bank MLO is registered with the Registry and has a unique identification number. If you would like to confirm that the home loan professional with whom you wish to conduct business is authorized to perform home loan business, please find the MLO’s unique identification number on the list below or go to www.nmlsconsumeraccess.org to find information on the MLO who is registered with the NMLS.

Portfolio Loan

Our Flexible Home Loan Options Can Meet Your Financing Needs

At Open Bank, our knowledgeable home loan consultants can assist you in determining the loan that’s right for you.
Plus, Open Bank lends directly to our clients, with means we’re not limited by trends or conditions in the secondary market that may affect credit decisions at other financial institutions.

Open Bank NMLS ID: 1083089

  • Gene Y. Sheen / SVP & Lending Manager / NMLS ID: 1084155
  • Virginia Moon / SVP & Relationship Manager / NMLS ID: 683085
  • Jin Won Chung / FVP & Underwriting Manager / NMLS ID: 353171
  • Min Kyung (Lianna) Lee / AVP & Loan Servicing Team Leader / NMLS ID: 1580969
  • Joshua Jeon / Loan Servicing Officer Trainee / NMLS ID: 2163688
  • Hyewon Woo / Loan Servicing Officer Trainee / NMLS ID: 2163757