PromiseOne Bank
SBA 7(a) loans from $50K to $5M, median 8.5% variable rate, terms to 25 yrs. Duluth, GA bank, FDIC-insured since 2008. Best for hotel, gas station and restaurant deals.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Buyers and owners of hotels, gas stations, restaurants and other property-backed businesses needing an SBA loan of $50K to $5M (median $700K).
Not for: Borrowers who want published rates or a fast close; startups and business buyers must inject at least 10%.
Lender List verdict: PromiseOne Bank approved 64 SBA 7(a) loans worth $63.5M in the 12 months to June 30, 2026, at a median rate of 8.5%. Shortlist it for a property-backed 7(a) deal of $500K or more in Georgia, Texas or Pennsylvania; skip it for speed or posted pricing.
PromiseOne Bank at a glance
PromiseOne Bank is a Duluth, Georgia bank that makes SBA 7(a) loans up to $5M.
| PromiseOne Bank | |
|---|---|
| Lender type | FDIC-insured bank (cert 58657); SBA 7(a) lender |
| Founded / HQ | 2008 / Duluth, Georgia |
| Amounts | $50K to $5M |
| Cost (headline) | 8.5% median, variable |
| Term | Median 25 years |
| Status | Active (SBA approval June 30, 2026) |
What is PromiseOne Bank?
PromiseOne Bank is an $812 million bank founded in 2008, with branches in Georgia, Texas, New York and Virginia. Since FY2020 it has approved 396 SBA 7(a) loans totaling $432.7M across 26 states.
PromiseOne Bank's SBA programs
PromiseOne Bank offers SBA 7(a) plus conventional commercial and real estate loans, but does not publish whether it is an SBA Preferred Lender (PLP).
- Top states: Georgia (145 loans), Texas, Pennsylvania
- Industries: hotels and motels, gas stations, full-service restaurants
- FY2026 (to June 30): 46 approvals averaging about $965K
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
PromiseOne Bank rates and fees
PromiseOne Bank's SBA 7(a) loans carried a median variable rate of 8.5% over the last 12 months. With Prime at 7.00%, SBA rules cap loans above $350K at 10.0% and loans of $250,001 to $350K at 11.5%.
Worked example: $350,000 over 10 years at 8.5% costs $4,339.50 a month, or $170,739.89 in interest. The $7,875 guaranty fee ($350,000 × 75% × 3%) brings total cost to $178,614.89, roughly 9.0% APR.
PromiseOne Bank requirements
PromiseOne Bank follows SBA 7(a) rules: a 10% equity injection for startups and buyers, and personal guarantees from 20%+ owners.
| Requirement | Rule (SBA 7(a)) |
|---|---|
| SBA size standard | Most non-manufacturers under $7.5M average receipts |
| Equity injection | 10% for startups and full ownership changes |
| Personal guarantee | Every owner of 20% or more |
| Credit score / time in business | Lender does not publish |
| Time to close | Lender does not publish; standard 7(a) often 60 to 90 days |
In Georgia, also compare Hanmi Bank (SBA office in Duluth), Harvest Small Business Finance (104 Georgia loans) and Commonwealth Business Bank (74), match nationally via the Lendio marketplace, or browse all SBA 7(a) loans.
Frequently asked questions about PromiseOne Bank
Is PromiseOne Bank Legit? Yes. PromiseOne Bank is an FDIC-insured bank (certificate 58657, NMLS 1817701) operating since 2008, with about $812 million in assets and 10 offices at June 30, 2026. It has approved 396 SBA 7(a) loans since FY2020 with no recorded charge-offs.
Where Are PromiseOne Bank's Branches? PromiseOne Bank has 10 branches: six in Georgia (Duluth, Doraville, Johns Creek, Suwanee), plus Houston, Texas; Bayside, New York; and Annandale and Centreville, Virginia. Headquarters is 2385 Pleasant Hill Road, Duluth, GA 30096, and a loan office operates in Elkins Park, Pennsylvania.
How Long Does PromiseOne Bank Take to Close an SBA Loan? PromiseOne Bank does not publish a closing timeline. A standard SBA 7(a) loan commonly takes 60 to 90 days, and lenders without Preferred status add 5 to 10 business days for SBA review. Ask its SBA desk (678-385-0826) for a current estimate.
Does PromiseOne Bank Lend to Startups? PromiseOne Bank does not say. SBA 7(a) rules allow startup loans when the owner injects at least 10% of project cost and every 20% owner signs a personal guarantee. Its SBA loans start as small as $50K, so modest requests fit.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Buyers and owners of hotels, gas stations, restaurants and other property-backed businesses needing an SBA loan of $50K to $5M (median $700K).
Not for: Borrowers who want published rates or a fast close; startups and business buyers must inject at least 10%.
Lender List verdict: PromiseOne Bank approved 64 SBA 7(a) loans worth $63.5M in the 12 months to June 30, 2026, at a median rate of 8.5%. Shortlist it for a property-backed 7(a) deal of $500K or more in Georgia, Texas or Pennsylvania; skip it for speed or posted pricing.
PromiseOne Bank at a glance
PromiseOne Bank is a Duluth, Georgia bank that makes SBA 7(a) loans up to $5M.
| PromiseOne Bank | |
|---|---|
| Lender type | FDIC-insured bank (cert 58657); SBA 7(a) lender |
| Founded / HQ | 2008 / Duluth, Georgia |
| Amounts | $50K to $5M |
| Cost (headline) | 8.5% median, variable |
| Term | Median 25 years |
| Status | Active (SBA approval June 30, 2026) |
What is PromiseOne Bank?
PromiseOne Bank is an $812 million bank founded in 2008, with branches in Georgia, Texas, New York and Virginia. Since FY2020 it has approved 396 SBA 7(a) loans totaling $432.7M across 26 states.
PromiseOne Bank's SBA programs
PromiseOne Bank offers SBA 7(a) plus conventional commercial and real estate loans, but does not publish whether it is an SBA Preferred Lender (PLP).
- Top states: Georgia (145 loans), Texas, Pennsylvania
- Industries: hotels and motels, gas stations, full-service restaurants
- FY2026 (to June 30): 46 approvals averaging about $965K
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
PromiseOne Bank rates and fees
PromiseOne Bank's SBA 7(a) loans carried a median variable rate of 8.5% over the last 12 months. With Prime at 7.00%, SBA rules cap loans above $350K at 10.0% and loans of $250,001 to $350K at 11.5%.
Worked example: $350,000 over 10 years at 8.5% costs $4,339.50 a month, or $170,739.89 in interest. The $7,875 guaranty fee ($350,000 × 75% × 3%) brings total cost to $178,614.89, roughly 9.0% APR.
PromiseOne Bank requirements
PromiseOne Bank follows SBA 7(a) rules: a 10% equity injection for startups and buyers, and personal guarantees from 20%+ owners.
| Requirement | Rule (SBA 7(a)) |
|---|---|
| SBA size standard | Most non-manufacturers under $7.5M average receipts |
| Equity injection | 10% for startups and full ownership changes |
| Personal guarantee | Every owner of 20% or more |
| Credit score / time in business | Lender does not publish |
| Time to close | Lender does not publish; standard 7(a) often 60 to 90 days |
In Georgia, also compare Hanmi Bank (SBA office in Duluth), Harvest Small Business Finance (104 Georgia loans) and Commonwealth Business Bank (74), match nationally via the Lendio marketplace, or browse all SBA 7(a) loans.
Frequently asked questions about PromiseOne Bank
Is PromiseOne Bank Legit? Yes. PromiseOne Bank is an FDIC-insured bank (certificate 58657, NMLS 1817701) operating since 2008, with about $812 million in assets and 10 offices at June 30, 2026. It has approved 396 SBA 7(a) loans since FY2020 with no recorded charge-offs.
Where Are PromiseOne Bank's Branches? PromiseOne Bank has 10 branches: six in Georgia (Duluth, Doraville, Johns Creek, Suwanee), plus Houston, Texas; Bayside, New York; and Annandale and Centreville, Virginia. Headquarters is 2385 Pleasant Hill Road, Duluth, GA 30096, and a loan office operates in Elkins Park, Pennsylvania.
How Long Does PromiseOne Bank Take to Close an SBA Loan? PromiseOne Bank does not publish a closing timeline. A standard SBA 7(a) loan commonly takes 60 to 90 days, and lenders without Preferred status add 5 to 10 business days for SBA review. Ask its SBA desk (678-385-0826) for a current estimate.
Does PromiseOne Bank Lend to Startups? PromiseOne Bank does not say. SBA 7(a) rules allow startup loans when the owner injects at least 10% of project cost and every 20% owner signs a personal guarantee. Its SBA loans start as small as $50K, so modest requests fit.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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