SBA data · Washington
SBA lending in Washington
27,802 loans worth $15.04B have been approved for Washington projects since FY2010 - the #8 state by SBA dollars, 3.0% of the national total.
State rank
#8
by dollars approved
Approved
$15.04B
FY2010 onward
Loans
27,802
Median loan
$222,000
+23% vs national
Median 7(a) rate
6.68%
Jobs supported
279,496
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Washington
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in WA | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Evergreen Business Capital | $875.8M | 995 | $880,154 | |
| 2 | U.S. Bank | $863.3M | 3,049 | $283,126 | |
| 3 | Columbia Bank | $840.6M | 2,562 | $328,096 | |
| 4 | Northwest Business Development Association | $833.5M | 971 | $858,360 | |
| 5 | KeyBank | $712.5M | 1,758 | $405,269 | |
| 6 | Live Oak Banking Company | $596.5M | 422 | $1,413,492 | |
| 7 | Bank of Hope | $567.2M | 485 | $1,169,418 | |
| 8 | Ameritrust CDC | $483.7M | 497 | $973,169 | |
| 9 | Wells Fargo Bank | $466.8M | 1,434 | $325,504 | |
| 10 | Banner Bank | $435.7M | 2,034 | $214,197 | |
| 11 | Readycap Lending, LLC | $421.6M | 376 | $1,121,302 | |
| 12 | Heritage Bank | $401.8M | 799 | $502,918 |
By sector in Washington
- Restaurants & Hotels4,444 · $3.10B
- Retail2,730 · $2.12B
- Health Care3,025 · $1.72B
- Construction3,443 · $1.12B
- Professional Services2,367 · $926.4M
- Other Services2,217 · $840.8M
- Wholesale1,127 · $700.5M
- Arts & Recreation774 · $442.9M
- Real Estate642 · $420.6M
- Transportation1,048 · $358.6M
- Administrative & Waste1,075 · $324.8M
- Manufacturing666 · $318.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Washington. The final bar is a partial fiscal year.
Loan sizes in Washington
- Under $50K20%
- $50K - $150K20%
- $150K - $350K21%
- $350K - $1M23%
- $1M - $2M10%
- Over $2M6%
SBA lending in Washington: common questions
- How many SBA loans are approved in Washington?
- 27,802 SBA 7(a) and 504 loans totalling $15,043,796,000 have been approved for projects in Washington since fiscal year 2010, ranking it #8 among states and territories by dollars approved - 3.0% of all SBA lending nationally.
- Which lenders make the most SBA loans in Washington?
- By dollars approved in Washington, the most active lenders are Evergreen Business Capital, U.S. Bank, Columbia Bank, Northwest Business Development Association, KeyBank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Washington?
- The median gross approval in Washington is $222,000, 23% above the national median of $180,000. Half of all loans in the state fall between $25,000 and $1,490,000.
- Do I need to use a lender based in Washington?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Washington, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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