Washington SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Washington
Since FY2020, 216 lenders have funded 10,344 SBA loans worth $6.5B for businesses in Washington. Borrowers reported 93,990 jobs supported by those loans. Below is who actually writes them, how big they run, and which Washington businesses get funded.
Most active SBA lenders in Washington
Ranked by loans funded for Washington projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Washington beats a local name that rarely writes SBA loans.
| Lender | Program | WA loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| Columbia Bank | 7(a) | 1,238 | 424 | $50K | 11.75% |
| U.S. Bank, National Association | 7(a) | 818 | 282 | $50K | 8.24% |
| KeyBank National Association | 7(a) | 773 | 197 | $200K | 9.24% |
| Banner Bank | 7(a) | 695 | 173 | $100K | 8% |
| Evergreen Business Capital | 504 (CDC) | 335 | 78 | $631K | n/a |
| Northwest Business Development Association | 504 (CDC) | 324 | 50 | $708K | n/a |
| Washington Trust Bank | 7(a) | 304 | 98 | $225K | 8.5% |
| Readycap Lending, LLC | 7(a) | 303 | 115 | $500K | 10% |
| Wells Fargo Bank National Association | 7(a) | 254 | 55 | $20K | 8.75% |
| Live Oak Banking Company | 7(a) | 231 | 87 | $1.1M | 8% |
| Sound Credit Union | 7(a) | 229 | 108 | $32K | 11.25% |
| The Huntington National Bank | 7(a) | 220 | 82 | $260K | 10% |
| BayFirst National Bank | 7(a) | 212 | 55 | $150K | 12.25% |
| Heritage Bank | 7(a) | 209 | 64 | $302K | 8% |
| JPMorgan Chase Bank, National Association | 7(a) | 185 | 64 | $200K | 9.96% |
| Ameritrust CDC | 504 (CDC) | 156 | 41 | $678K | n/a |
| Newtek Bank, National Association | 7(a) | 152 | 91 | $200K | 11.38% |
| Northeast Bank | 7(a) | 148 | 90 | $100K | 10.75% |
| Celtic Bank Corporation | 7(a) | 147 | 58 | $709K | 9.75% |
| Gesa CU | 7(a) | 147 | 66 | $450K | 9.75% |
| Harborstone CU | 7(a) | 146 | 49 | $503K | 9.38% |
| Hanmi Bank | 7(a) | 136 | 42 | $444K | 8.75% |
| Bank of America, National Association | 7(a) | 129 | 38 | $240K | 6.75% |
| Enterprise Bank & Trust | 7(a) | 99 | 14 | $817K | 6.25% |
| GBC International Bank | 7(a) | 95 | 22 | $400K | 6% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Washington SBA loans run
Share of Washington 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | WA | US |
|---|---|---|
| Under $150K | 40.4% | 40.4% |
| $150K to $500K | 28.1% | 31.9% |
| $500K to $1M | 13.7% | 12.9% |
| $1M and up | 17.9% | 14.9% |
Who gets funded in Washington
Business age on Washington 7(a) loans. 15.9% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | WA | US |
|---|---|---|
| Established, more than 2 years | 54.5% | 55.2% |
| New, 2 years or less | 18.7% | 16.9% |
| Startup, loan opens the business | 10.9% | 16.8% |
| Change of ownership (buying a business) | 15.9% | 11.1% |
Industries Washington SBA lenders fund most
Share of all Washington SBA loans by industry, and how that compares with the national mix.
| Industry | WA loans | Share | Compared with US |
|---|---|---|---|
| Restaurants and hotels | 1,512 | 14.6% | in line with national |
| Retail | 1,506 | 14.6% | 1.2x the national share |
| Construction | 1,455 | 14.1% | in line with national |
| Healthcare | 1,108 | 10.7% | in line with national |
| Professional services | 864 | 8.4% | in line with national |
| Personal and repair services | 855 | 8.3% | in line with national |
| Manufacturing | 625 | 6% | in line with national |
| Transportation and trucking | 510 | 4.9% | in line with national |
The most common specific business types funded in Washington: full-service restaurants (574), limited-service restaurants (408), gasoline stations with convenience stores (370), residential remodelers (271), fitness and recreational sports centers (203), general automotive repair (193).
Where in Washington the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| King | 3,294 | 32% |
| Pierce | 1,384 | 13% |
| Snohomish | 1,112 | 11% |
| Spokane | 729 | 7% |
| Clark | 721 | 7% |
| Thurston | 377 | 4% |
| Whatcom | 310 | 3% |
| Kitsap | 303 | 3% |
7(a) or 504 in Washington
8% of Washington SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $672K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Washington:
- Evergreen Business Capital: 333 504 loans, median $658K
- Northwest Business Development Association: 324 504 loans, median $708K
- Ameritrust CDC: 156 504 loans, median $678K
- Capital Matrix, Inc.: 22 504 loans, median $626K
- Cascade Capital Funding: 11 504 loans, median $1.1M
Washington SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 1,075 | 143 | $789M |
| FY2021 | 1,262 | 178 | $1.1B |
| FY2022 | 1,101 | 157 | $903M |
| FY2023 | 1,253 | 92 | $853M |
| FY2024 | 1,693 | 100 | $971M |
| FY2025 | 1,898 | 115 | $1.1B |
| FY2026 (through June 30, 2026) | 1,207 | 70 | $742M |
The SBA fiscal year runs October through September.
Free SBA help in Washington
Before you apply, these offices help with loan packaging and lender questions at no cost.
- SBA Seattle District Office. 2401 4th Ave., Suite 450, Seattle, WA 98121. Phone 206-553-7310. A second office is at 801 W. Riverside Ave., Suite 444, Spokane, WA 99201, phone 509-353-2800.
- Washington Small Business Development Center. No-cost, confidential one-on-one advising statewide, hosted by Washington State University. Useful for loan packaging, projections and cash-flow prep before you apply.
- SCORE Washington. Free mentoring from volunteer business owners and executives through three chapters across the state.
Contact details verified October 24, 2026.
Common questions
Who is the most active SBA lender in Washington?
By funded loans since FY2020, Columbia Bank leads Washington with 1,238 loans.
How big is a typical SBA loan in Washington?
The median 7(a) loan in Washington is $204K, and the middle half runs from $50K to $638K. The median 504 loan is $672K. Nationally the 7(a) median is $200K.
What interest rate do Washington SBA borrowers get?
The median starting rate on Washington 7(a) loans since FY2020 is 8.99%, against 9.25% nationally. 86% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Washington?
Yes. 30% of Washington 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Washington. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.