SBA lending by metro area
SBA lenders in Bellingham, WA
Which lenders fund Bellingham-area businesses, how much, and how the market compares with Washington: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Bellingham area
Ranked by SBA volume funded to businesses located in the Bellingham metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Northwest Business Development Association | 78 | $60.5M | $775K | not reported |
| 2 | Harborstone CU | 70 | $41.1M | $587K | 4.29% |
| 3 | Ameritrust CDC | 59 | $40.9M | $693K | not reported |
| 4 | Bank of Hope | 8 | $24.4M | $3.1M | not reported |
| 5 | Bank of the Pacific | 62 | $24.0M | $387K | 0.00% |
| 6 | Live Oak Banking Company | 20 | $21.6M | $1.1M | 5.00% |
| 7 | Evergreen Business Capital | 42 | $21.2M | $504K | not reported |
| 8 | Heritage Bank | 57 | $20.7M | $363K | 3.51% |
| 9 | Peoples Bank | 86 | $20.1M | $234K | 2.33% |
| 10 | KeyBank National Association | 45 | $18.1M | $402K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Bellingham compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Bellingham area | $215K ▼ 3.6% | 18.3% ▲ 9.3 pts |
| Washington | $223K | 9.1% |
| United States | $179K | 11.2% |
What gets funded in Bellingham
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 132 | $112.7M |
| Retail Trade | 149 | $94.5M |
| Manufacturing | 109 | $65.9M |
| Health Care and Social Assistance | 103 | $60.1M |
| Construction | 114 | $51.4M |
| Other Services | 65 | $25.9M |
| Wholesale Trade | 40 | $22.3M |
| Transportation and Warehousing | 61 | $16.6M |
SBA lending in Bellingham by year
Geography, precisely
"Bellingham area" here means the Bellingham, WA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Whatcom County, WA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.