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Commonwealth Business Bank SBA loans review

Speed up your application with this SBA Preferred Lender.

  • Best for quality customer service and a fast turnaround on SBA 7(a) and 504 loans.
  • Pick something else if you're looking for fixed interest rates.
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Max. Amount$5,000,000
Loan Term84 to 300 months
RequirementsMeet standard SBA loan requirements

First, do I qualify?

CBB Bank doesn’t have any hard eligibility requirements other than the basic criteria set by the SBA. However, CBB Bank weighs factors like your overall credit and company history more heavily than your credit score.

What states are CBB Bank SBA loans available in?

CBB Bank only has SBA lending offices in California and Texas, though it might be willing to send an SBA loan specialist to another state to assist you. You’ll need to reach out to customer service to discuss your options.

What makes CBB Bank SBA loans unique?

Aside from being an SBA Preferred Lender, CBB Bank is also one of the top most active SBA loan providers in the country. Its quality customer service also sets it apart from other business lenders in general — it’s one of the few lenders that offers services in Korean.


  • Strong customer service
  • Faster turnaround compared to nonpreferred SBA lenders
  • Offers SBA 7(a) and 504 loans for a wide range of business uses
  • Customer support available in Korean


  • Little information available online
  • Might not be available in your state
  • No online application
  • No fixed rates

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How do I apply?

CBB Bank doesn’t have an online application. To find out if you qualify and learn how to apply, reach out to customer service by calling one of the following numbers:

  • California office: 213-471-4340
  • Texas office: 214-377-1020

Don’t live in California or Texas? Call the office closest to you to discuss your options.

What documents do I need to apply?

While that depends on your application, SBA loans typically come with a longer list of required documents and forms than your standard business loan. These include financial statements, a business plan, recent tax returns and more. Find out what you need at a minimum to get an SBA loan with our guide to SBA loan requirements.

How do repayments work?

SBA loans come with monthly repayments based on your loan term, how much you borrow and your interest rate. Since CBB Bank charges a variable rate, keep an eye on your account — your monthly cost might increase or decrease every few months. You can find the exact terms of your loan and how your interest rate works in your loan contract.

If you have any questions or concerns about repayments, reach out to CBB Bank’s customer service team as soon as possible.

Compare CBB Bank with other lenders by visiting our guide to business loans.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Commonwealth Business Bank (CBB Bank) could be a good choice if you’re looking for a large, low-cost loan but don’t want to wait the three or more months it typically takes to receive a Small Business Administration (SBA) loan.

As an SBA Preferred Lender, CBB Bank has the authority to approve and issue government-backed business loans itself. This cuts down on the amount of time it takes to get funding and streamlines the application process.

However, this California-based lender might not offer loans where you live. If you’re located outside of California or Texas, CBB Bank might be able to arrange to fund a loan in your state, but it’s not guaranteed. It also only offers variable interest rates.

Not sure about CBB Bank? Compare your other options below.

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