Best SBA lenders
Best SBA lenders in Washington
The most active SBA lenders in Washington, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. U.S. Bank, National Association leads with 3,006 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Washington
The full Washington ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its Washington lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Washington; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 3,006 | $849.1M | $282K | 2.53% |
| 2 | Columbia Bank | 2,479 | $833.7M | $336K | 2.70% |
| 3 | Banner Bank | 2,014 | $433.9M | $215K | 1.94% |
| 4 | KeyBank National Association | 1,732 | $698.7M | $403K | 2.25% |
| 5 | Wells Fargo Bank National Association | 1,428 | $457.3M | $320K | 4.06% |
| 6 | Evergreen Business Capital | 981 | $857.7M | $874K | not reported |
| 7 | JPMorgan Chase Bank, National Association | 978 | $233.1M | $238K | 3.78% |
| 8 | Northwest Business Development Association | 972 | $834.7M | $859K | not reported |
| 9 | Heritage Bank | 787 | $397.1M | $505K | 2.29% |
| 10 | Washington Trust Bank | 670 | $290.8M | $434K | 0.45% |
| 11 | Ameritrust CDC | 490 | $475.4M | $970K | not reported |
| 12 | Bank of Hope | 482 | $561.4M | $1.2M | 2.07% |
| 13 | Live Oak Banking Company | 408 | $585.1M | $1.4M | 0.98% |
| 14 | Glacier Bank | 398 | $130.4M | $328K | 2.51% |
| 15 | Harborstone CU | 369 | $223.7M | $606K | 2.71% |
| 16 | Readycap Lending, LLC | 365 | $421.5M | $1.2M | 0.55% |
| 17 | UniBank | 360 | $353.7M | $982K | 1.11% |
| 18 | Sound Credit Union | 342 | $87.1M | $255K | 2.05% |
| 19 | BayFirst National Bank | 330 | $60.4M | $183K | 6.67% |
| 20 | Northeast Bank | 316 | $47.9M | $152K | 1.58% |
| 21 | Enterprise Bank & Trust | 306 | $291.5M | $953K | 0.00% |
| 22 | Celtic Bank Corporation | 292 | $235.4M | $806K | 7.19% |
| 23 | Mechanics Bank | 288 | $163.4M | $567K | 5.21% |
| 24 | Numerica CU | 281 | $67.2M | $239K | 4.63% |
| 25 | First Interstate Bank | 280 | $181.1M | $647K | 0.71% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in Washington
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in Washington by each program's loans funded since FY2010:
- 1. U.S. Bank, National Association 3,006 loans
- 2. Columbia Bank 2,479 loans
- 3. Banner Bank 2,014 loans
- 4. KeyBank National Association 1,732 loans
- 5. Wells Fargo Bank National Association 1,428 loans
- 1. Northwest Business Development Association 972 loans
- 2. Evergreen Business Capital 963 loans
- 3. Ameritrust CDC 490 loans
- 4. Capital Matrix, Inc. 28 loans
- 5. Cascade Capital Funding 14 loans
Counts are each program's funded loans in Washington. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Washington
The 3 industries with the most SBA loans in Washington since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Accommodation and Food Services | 4,372 | $3.1B | U.S. Bank, National Association (311 loans) |
| Retail Trade | 4,027 | $3.1B | U.S. Bank, National Association (315 loans) |
| Construction | 3,358 | $1.1B | U.S. Bank, National Association (666 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Washington.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Washington businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the Washington table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in Washington; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in Washington: frequently asked questions
Who is the most active SBA lender in Washington?
U.S. Bank, National Association is the most active SBA lender in Washington in the public record, with 3,006 7(a) and 504 loans funded since FY2010 ($849.1M in Washington). The ranking counts loans funded, never who pays us.
Do these lenders only serve Washington?
No. The ranking measures activity in Washington: loans funded to Washington businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their Washington lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in Washington?
127 lenders have funded at least 10 SBA loans in Washington since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in Washington. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/wa/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Find your SBA lender in Washington
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.