SBA lending by state
SBA Lending in Washington
In Washington, SBA lenders funded 27,285 7(a) and 504 loans since FY2010, totaling $14.8B, an average of $542K per loan. The most active lender is U.S. Bank, National Association, and the most-funded industry is Retail Trade.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Washington
Ranked by SBA loans funded in Washington since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Washington loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Washington shows “not reported,” never 0%.
See the full Washington ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | 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% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Washington
An SBA 504 project in Washington pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Washington, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Northwest Business Development Association | 972 | $834.7M |
| Evergreen Business Capital | 963 | $855.8M |
| Ameritrust CDC | 490 | $475.4M |
| Capital Matrix, Inc. | 28 | $33.4M |
| Cascade Capital Funding | 14 | $19.7M |
| Panhandle Area Council, Inc. | 2 | $794K |
| Bay Area Employment Development Company | 1 | $2.6M |
| Southland Economic Development Corporation | 1 | $698K |
| East-Central Idaho Development Company | 1 | $526K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Washington
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 4,027 | $3.1B |
| Accommodation and Food Services | 4,372 | $3.1B |
| Health Care and Social Assistance | 2,967 | $1.7B |
| Manufacturing | 1,944 | $1.2B |
| Construction | 3,358 | $1.1B |
| Professional and Technical Services | 2,322 | $906.6M |
| Other Services | 2,172 | $825.2M |
| Wholesale Trade | 1,115 | $692.1M |
Top cities for SBA loans in Washington
Where SBA 7(a) and 504 borrowers in Washington are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Seattle | 3,514 | $1.7B |
| Vancouver | 1,262 | $650.1M |
| Tacoma | 1,104 | $586.5M |
| Spokane | 1,483 | $582.2M |
| Kent | 669 | $470.2M |
| Bellevue | 720 | $424.4M |
| Everett | 612 | $408.3M |
| Olympia | 566 | $339.9M |
SBA lending by metro area in Washington
Which lenders fund each Washington market, with local loan sizes and industries.
- SBA lenders in Seattle, WA 15,156 loans
- SBA lenders in Portland, OR 9,721 loans
- SBA lenders in Spokane, WA 2,381 loans
- SBA lenders in Olympia, WA 1,011 loans
- SBA lenders in Bellingham, WA 977 loans
- SBA lenders in Kennewick, WA 1,002 loans
- SBA lenders in Bremerton, WA 797 loans
- SBA lenders in Yakima, WA 661 loans
- SBA lenders in Mount Vernon, WA 545 loans
- SBA lenders in Wenatchee, WA 349 loans
- SBA lenders in Moses Lake, WA 347 loans
- SBA lenders in Aberdeen, WA 178 loans
- SBA lenders in Longview, WA 229 loans
- SBA lenders in Port Angeles, WA 204 loans
- SBA lenders in Oak Harbor, WA 248 loans
- SBA lenders in Centralia, WA 200 loans
- SBA lenders in Ellensburg, WA 128 loans
- SBA lenders in Shelton, WA 163 loans
- SBA lenders in Walla Walla, WA 167 loans
- SBA lenders in Lewiston, ID 187 loans
- SBA lenders in Port Townsend, WA 84 loans
- SBA lenders in Pullman, WA 127 loans
- SBA lenders in Othello, WA 67 loans
SBA lending in Washington by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,516 | $522.3M |
| 2011 | 1,602 | $795.7M |
| 2012 | 1,371 | $630.7M |
| 2013 | 1,455 | $692.3M |
| 2014 | 1,534 | $698.9M |
| 2015 | 1,764 | $817.8M |
| 2016 | 1,832 | $867.0M |
| 2017 | 1,678 | $921.3M |
| 2018 | 1,712 | $897.3M |
| 2019 | 1,643 | $943.5M |
| 2020 | 1,390 | $895.1M |
| 2021 | 1,660 | $1.3B |
| 2022 | 1,427 | $986.1M |
| 2023 | 1,508 | $954.4M |
| 2024 | 1,970 | $1.1B |
| 2025 | 2,331 | $1.3B |
| 2026 | 892 | $517.8M |
SBA lending in Washington: frequently asked questions
How much SBA lending is there in Washington?
SBA lenders funded 27,285 7(a) and 504 loans totaling $14.8B in Washington in the public SBA data (as of 2026-03-31), an average of $542K per loan.
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 data, by loans funded.
What industries get the most SBA loans in Washington?
The most-funded industry for SBA loans in Washington is Retail Trade.
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