At a glance
From its website, read 2 Nov 2026Asian Bank is a bank or thrift based in Philadelphia, Pennsylvania. Its website describes commercial real estate loans, home mortgages, SBA-backed loans and 1 other loan type.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (215) 592-1188 source |
|---|---|
| Website | www.theasianbank.com |
| Office (official list) | 1023 Race Street, Philadelphia, PA 19107 |
What their website says about applying
Contact our Loan Officers
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Small-business loans | Term: 12 mo–3 yr | Business line of credit with a 12 to 36 month term | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 28 Dec 2020 |
| RSSD ID | 2785477 |
| Address | 1023 Race Street, Philadelphia, PA 19107 Directions (Google Maps) |
| Website | www.theasianbank.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Mortgage and construction loan details are thin, and no service area is stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Asian Bank provides a wide range of commercial real estate financing specific for the property owners’ needs, including the purchase or refinance of owner-occupied or income-producing commercial real estate properties. | source |
| Home mortgages | — | Buy, build, or refinance with confidence. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | We offer the following SBA loans to our clients. | source |
| Small-business loans | up to $100,000 | Term loans up to $100,000. | source |
Loan sizes
Term loans up to $100,000.
source
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://www.theasianbank.com/
- https://www.theasianbank.com/services/
- https://www.theasianbank.com/business-banking/business-lending-and-real-estate-loans/
- https://www.theasianbank.com/business-banking/business-lending-and-real-estate-loans/?utm_source=Asian+Bank&utm_medium=Banner&utm_campaign=Landing+Page+Feb+2026
- https://www.theasianbank.com/e-banking/
- https://www.theasianbank.com/personal-banking/savings/
- https://www.theasianbank.com/personal-banking/checking/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your home mortgages?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your commercial real estate loans and SBA-backed loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$561,971 in 3 awards from the U.S. Treasury's CDFI Fund, 2021–2024 (Bank Enterprise Award Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $280,369 |
| 2023 | Bank Enterprise Award Program | $110,903 |
| 2021 | Bank Enterprise Award Program | $170,699 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as Asian Bank (FDIC cert 34759). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $685.9 million (as of 30 Jun 2026) |
|---|---|
| Offices | 3 (as of 30 Oct 2026) |
Offices by state and county (3)
Pennsylvania (3 offices)
- Philadelphia County (3): 1023 Race St, Philadelphia 19107 (main office); 6509 Castor Ave, Philadelphia 19149; 934 E Passyunk Ave, Philadelphia 19147
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by Asian Bank (RSSD 2785477, FDIC cert 34759). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $535.6 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Up 16.9% from $458.2 million on 30 Jun 2025 |
| Total assets | $685.9 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $67.1 million | 12.5% |
| Home equity lines of credit | $3.1 million | 0.6% |
| Commercial real estate, construction and multifamily | $454.3 million | 84.8% |
| Commercial and industrial (business) loans | $10.5 million | 2.0% |
| All other loans and leases | $465,000 | 0.1% |
None reported on the 30 Jun 2026 report: farmland and farm production loans; consumer loans (credit cards, auto, other).
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 21 loans $1.1 million | 8 loans $312,000 |
| $100,001 to $250,000 | 118 loans $15.4 million | 7 loans $863,000 |
| $250,001 to $1 million | 284 loans $115.9 million | 5 loans $2.4 million |
| All small business loans | 423 loans $132.5 million | 20 loans $3.5 million |
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025Asian Bank reported 51 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $58.2M (median loan about $555,000). 25 were home-purchase loans.
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Home purchase | 25 | 49% |
| Refinance (incl. 24 cash-out) | 26 | 51% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 51 | 100% |
Included above: 20 loans on multifamily (5+ unit) properties.
Where the loans were made
Counties with the most 2025 originations, out of 8 counties with at least one; 88% of its 2025 loans were for properties in Pennsylvania:
Filed under LEI 549300MJ0Y817D63DD96 as “Asian Bank”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $110,000 (15 loans) | All 7(a) lenders in Pennsylvania: $150,000. Larger than the median loan of 23% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| Total assets (Call Report, 30 Jun 2026) | $685.9 million | Larger than 76% of the 321 other certified banks and bank holding companies nationwide (median $381.4 million). |
| Loans as a share of assets | 78% | Median of the same 321 banks and bank holding companies: 68%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $458.2 million → $535.6 million (+17%) | Median change of 321 other certified banks and bank holding companies nationwide: +7%. Rank by loans held among these 322: 80 → 67. |
| Home loans originated in 2025 (HMDA) | 51 | More than 24% of the 263 other certified CDFIs that reported 3 or more (120 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 23% |
| Call Report total assets | other certified banks and bank holding companies nationwide | 321 | larger than 76% |
| Loans held then vs now | certified banks and bank holding companies nationwide reporting both dates | 321 | rank 80 → 67 of 322 |
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 24% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 17 SBA-backed approvals for Asian Bank in fiscal years 2020–2026 (October 2019 to September 2026):
- 15 7(a) loans as the lender: $2.8M in total (gross amount approved), median $110,000
- 2 504 projects as the third-party (first-lien) lender
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 4 · FY2024 9 · FY2025 4 · FY2026 0.
What actually happened
- Size of its 7(a) loans: half were between $67,500 and $201,000, median $110,000 (15 loans)
- Term of its 7(a) loans: median 114 months (10 years) (15 loans)
- Fixed or variable: 100% of its 7(a) loans had a fixed rate (15 loans)
- Young businesses: 20% of its 7(a) loans went to a startup or a business two years old or less (15 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (10, 59%)
- 7(a) SBA Express (5, 29%)
- 504 projects (as the third-party lender) (2, 12%)
Borrower industries
NAICS sector, 3 or more loans.
- Accommodation and food services (7)
- Retail trade (4)
How this lender was matched in the SBA files: FDIC cert 34759, found through the RSSD ID on the CDFI Fund list (SBA lists “Asian Bank”); 504 third-party lender name: same name, state and city (SBA lists “Asian Bank”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Asian Bank may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Philadelphia and Pennsylvania
- Asian Finanical CorporationBank holding company · Philadelphia, PACommercial real estate loans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- BEECH CAPITAL VENTURE CORPORATIONLoan fund · Philadelphia, PASmall-business loansVerified
- Economic Opportunities FundLoan fund · Philadelphia, PACommercial real estate loans, Credit-builder loans, Small-business loansVerified
- Enterprise Center Capital Corporation, TheLoan fund · Philadelphia, PAOfficial list only
- Entrepreneur Works FundLoan fund · Philadelphia, PAOfficial list only
- Impact Loan Fund, Inc.Loan fund · Philadelphia, PAOfficial list only
- North Philadelphia Financial PartnershipLoan fund · Philadelphia, PACommercial real estate loans, Credit-builder loans, Microloans, Personal / consumer loans…Verified
- Philadelphia Accelerator FundLoan fund · Philadelphia, PAAffordable housing development loansVerified
Work at Asian Bank? Link to this page
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