In fiscal years 2021–2026, 201 lenders made 9,562 SBA loans in Washington, totaling $5.6 billion. The average loan was $580,545, and 30% went to startups or businesses under two years old.
By program: 5,528 7(a) loans, 4,034 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Washington
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Columbia Bank Lake Oswego, OR | 1,239 | $223,633 | 8% | 7(a), Express |
| 2 | U.S. Bank, National Association Cincinnati, OH | 805 | $344,671 | 36% | 7(a), Express |
| 3 | KeyBank National Association Cleveland, OH | 728 | $399,753 | 70% | 7(a), Express |
| 4 | Banner Bank Walla Walla, WA | 662 | $241,136 | 23% | 7(a), Express |
| 5 | Readycap Lending, LLC Berkeley Heights, NJ | 325 | $1,090,763 | 27% | 7(a), Express |
| 6 | Washington Trust Bank Spokane, WA | 316 | $532,775 | 48% | 7(a), Express |
| 7 | Northeast Bank Lewiston, ME | 307 | $156,181 | 10% | 7(a) |
| 8 | Newtek Bank, National Association Miami, FL | 244 | $387,551 | 18% | 7(a), Express |
| 9 | Sound Credit Union Tacoma, WA | 231 | $184,221 | 58% | 7(a), Express |
| 10 | Wells Fargo Bank National Association Sioux Falls, SD | 230 | $440,188 | 81% | 7(a), Express |
Lenders that fund the most startups in Washington
- KeyBank National Association — 513 startup loans (70% of its loans)
- U.S. Bank, National Association — 288 startup loans (36% of its loans)
- Wells Fargo Bank National Association — 187 startup loans (81% of its loans)
- Banner Bank — 155 startup loans (23% of its loans)
- Washington Trust Bank — 151 startup loans (48% of its loans)
SBA loans by industry in Washington
- Restaurants & Lodging1,408 loans
- Construction1,381 loans
- Retail Stores1,375 loans
- Health Care989 loans
- Professional Services794 loans
- Personal Services & Repair771 loans
- Manufacturing554 loans
- Trucking & Transportation506 loans
- Cleaning, Landscaping & Admin478 loans
- Fitness & Entertainment320 loans
- Wholesale & Distribution287 loans
- Real Estate & Rental207 loans
- Education & Childcare146 loans
- Agriculture & Fishing130 loans
- Media & Technology71 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Washington?
Based on public SBA data for fiscal years 2021–2026, the most active were Columbia Bank, U.S. Bank, National Association, KeyBank National Association. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Washington?
9,562 SBA loans totaling $5.6 billion in fiscal years 2021–2026, with an average of $580,545.
Can I get an SBA loan in Washington with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.