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County1st of 39 in Washington by approvalsFIPS 53033
SBA loans in King County, Washington
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 2,865 loans to businesses in King County, Washington, in FY2021 to FY2025, worth $1.79bn: 2,707 under 7(a) and 158 under 504.
That is 40.7 approvals per 1,000 business establishments (70,376 establishments in 2023), close to the Washington figure of 44.0 and close to the national 41.0.
It ranks 1st of 39 Washington counties with approvals. In FY2025 there were 770, up 17% on FY2024.
135 lenders had approvals here; the most active were KeyBank National Association (311), Columbia Bank (296) and U.S. Bank, National Association (246). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in King County
By number of approvals to businesses in the county, FY2021–FY2025; 135 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | KeyBank National AssociationCleveland, OH | 311 | $126M | 10.9% | |
| 2 | Columbia BankLake Oswego, OR | 296 | $121M | 10.3% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 246 | $97.7M | 8.6% | |
| 4 | Banner BankWalla Walla, WA | 171 | $53.8M | 6.0% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 95 | $16.0M | 3.3% | |
| 6 | Washington Trust BankSpokane, WA | 92 | $63.7M | 3.2% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 91 | $76.4M | 3.2% | |
| 8 | Northeast BankLewiston, ME | 77 | $10.5M | 2.7% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 76 | $31.7M | 2.7% | |
| 10 | Evergreen Business CapitalSeattle, WA · CDC | 73 | $69.3M | 2.5% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 72 | $42.4M | 2.5% | |
| 12 | The Huntington National BankColumbus, OH | 71 | $26.4M | 2.5% | |
| 13 | JPMorgan Chase Bank, National AssociationColumbus, OH | 69 | $24.0M | 2.4% | |
| 14 | Northwest Business Development AssociationSpokane Valley, WA · CDC | 67 | $86.4M | 2.3% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 65 | $96.9M | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 391 | 13.6% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 97 | 3.4% | |
| 3 | General Freight TruckingNAICS 4841 | 97 | 3.4% | |
| 4 | Residential Building ConstructionNAICS 2361 | 90 | 3.1% | |
| 5 | Personal Care ServicesNAICS 8121 | 78 | 2.7% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 75 | 2.6% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 75 | 2.6% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 68 | 2.4% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 63 | 2.2% | |
| 10 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 62 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 456 | 15.9% | |
| 2 | Retail Trade | 356 | 12.4% | |
| 3 | Health Care and Social Assistance | 335 | 11.7% | |
| 4 | Construction | 330 | 11.5% | |
| 5 | Professional, Scientific, and Technical Services | 322 | 11.2% | |
| 6 | Other Services (except Public Administration) | 200 | 7.0% | |
| 7 | Manufacturing | 177 | 6.2% | |
| 8 | Transportation and Warehousing | 162 | 5.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 432 | $265M | $206K | 18 | $24.9M | 450 | 4,160 |
| FY2025 | 741 | $367M | $200K | 29 | $36.2M | 770 | 6,837 |
| FY2024 | 637 | $354M | $180K | 22 | $28.1M | 659 | 6,301 |
| FY2023 | 507 | $290M | $250K | 19 | $18.5M | 526 | 5,487 |
| FY2022 | 403 | $274M | $316K | 42 | $48.6M | 445 | 5,441 |
| FY2021 | 419 | $324M | $350K | 46 | $53.6M | 465 | 4,493 |
| FY2020 | 436 | $254M | $278K | 31 | $26.6M | 467 | 4,767 |
| FY2019 | 475 | $239M | $250K | 28 | $36.4M | 503 | 6,049 |
| FY2018 | 509 | $255M | $247K | 33 | $34.0M | 542 | 6,206 |
| FY2017 | 510 | $272M | $223K | 29 | $45.6M | 539 | 6,273 |
| FY2016 | 625 | $270M | $180K | 26 | $32.6M | 651 | 6,680 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 2,702 approvals.
Against Washington and the country
| FY2021–FY2025 | King County | Washington | United States |
|---|---|---|---|
| Approvals | 2,865 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 40.7 | 44.0 | 41.0 |
| Median 7(a) approval | $250K | $200K | $190K |
| Median 504 approval | $799K | $699K | $657K |
| Average approval | $626K | $627K | $573K |
| 504 share of approvals | 5.5% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 10.0 | 9.2 | 10.5 |
| Share of state approvals | 32.2% | 100.0% | — |
Approval sizes
- $50,000 or less24.7%708
- $50,001 to $150,00015.6%446
- $150,001 to $350,00018.5%531
- $350,001 to $1 million22.5%644
- $1 million to $2 million10.6%303
- Over $2 million8.1%233
Age of the businesses
- Existing, more than 2 years old56.9%1,630
- New business, 2 years or less18.4%527
- Startup, loan funds will open the business11.3%324
- Change of ownership13.3%380
- Not answered0.1%4
Questions and answers
Which lenders make the most SBA loans in King County?
By approvals in FY2021 to FY2025: KeyBank National Association (311), Columbia Bank (296), U.S. Bank, National Association (246), Banner Bank (171), BayFirst National Bank (95). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in King County?
The median 7(a) approval was $250K and the median 504 approval $799K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in King County?
Restaurants and Other Eating Places (391); Offices of Other Health Practitioners (97); General Freight Trucking (97); Residential Building Construction (90); Personal Care Services (78).
Is SBA lending in King County rising?
Approvals in the three latest complete fiscal years total 1,955, against 1,377 in the three before: rising (+42%).
How does King County compare with the rest of Washington?
40.7 approvals per 1,000 establishments against 44.0 statewide, and 2,865 of the state's 8,905 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error