States › Washington › Kitsap County
County8th of 39 in Washington by approvalsFIPS 53035
SBA loans in Kitsap 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.
Businesses in Kitsap County, Washington, received 257 SBA loan approvals worth $120M in FY2021 to FY2025 (242 7(a), 15 504).
That is 41.0 approvals per 1,000 business establishments (6,272 establishments in 2023), close to the Washington figure of 44.0 and close to the national 41.0.
It ranks 8th of 39 Washington counties with approvals. In FY2025 there were 68, up 8% on FY2024.
58 lenders had approvals here; the most active were Columbia Bank (69), KeyBank National Association (19) and Northeast Bank (11). The most common industry was residential building construction.
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 Kitsap County
By number of approvals to businesses in the county, FY2021–FY2025; 58 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 69 | $7.7M | 26.8% | |
| 2 | KeyBank National AssociationCleveland, OH | 19 | $3.8M | 7.4% | |
| 3 | Northeast BankLewiston, ME | 11 | $2.4M | 4.3% | |
| 4 | Heritage BankOlympia, WA | 10 | $1.4M | 3.9% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 9 | $943K | 3.5% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 9 | $837K | 3.5% | |
| 7 | Evergreen Business CapitalSeattle, WA · CDC | 8 | $3.1M | 3.1% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 6 | $13.5M | 2.3% | |
| 9 | Commonwealth Business BankLos Angeles, CA | 5 | $8.2M | 1.9% | |
| 10 | Timberland BankHoquiam, WA | 5 | $3.5M | 1.9% | |
| 11 | Harborstone CULakewood, WA | 5 | $2.3M | 1.9% | |
| 12 | The Huntington National BankColumbus, OH | 5 | $900K | 1.9% | |
| 13 | 1st Security Bank of WashingtonMountlake Terrace, WA | 5 | $730K | 1.9% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $707K | 1.9% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 4 | $11.3M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 20 | 7.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 6.6% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 14 | 5.4% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 13 | 5.1% | |
| 5 | Gasoline StationsNAICS 4571 | 10 | 3.9% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 10 | 3.9% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 10 | 3.9% | |
| 8 | Gasoline StationsNAICS 4471 | 9 | 3.5% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | 2.7% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 48 | 18.7% | |
| 2 | Retail Trade | 46 | 17.9% | |
| 3 | Professional, Scientific, and Technical Services | 30 | 11.7% | |
| 4 | Other Services (except Public Administration) | 25 | 9.7% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 22 | 8.6% | |
| 6 | Health Care and Social Assistance | 21 | 8.2% | |
| 7 | Accommodation and Food Services | 20 | 7.8% | |
| 8 | Manufacturing | 11 | 4.3% |
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* | 40 | $13.5M | $203K | 3 | $3.8M | 43 | 257 |
| FY2025 | 66 | $29.2M | $150K | 2 | — | 68 | 383 |
| FY2024 | 61 | $15.6M | $50K | 2 | — | 63 | 438 |
| FY2023 | 37 | $19.5M | $150K | 2 | — | 39 | 267 |
| FY2022 | 36 | $17.5M | $90K | 5 | $2.9M | 41 | 287 |
| FY2021 | 42 | $29.9M | $255K | 4 | $2.2M | 46 | 301 |
| FY2020 | 44 | $26.6M | $150K | 7 | $7.5M | 51 | 372 |
| FY2019 | 30 | $29.0M | $375K | 5 | $6.0M | 35 | 411 |
| FY2018 | 41 | $28.4M | $250K | 6 | $1.6M | 47 | 437 |
| FY2017 | 52 | $34.4M | $259K | 1 | — | 53 | 584 |
| FY2016 | 56 | $16.0M | $140K | 4 | $1.8M | 60 | 639 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 246 approvals.
Against Washington and the country
| FY2021–FY2025 | Kitsap County | Washington | United States |
|---|---|---|---|
| Approvals | 257 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 41.0 | 44.0 | 41.0 |
| Median 7(a) approval | $121K | $200K | $190K |
| Median 504 approval | $554K | $699K | $657K |
| Average approval | $466K | $627K | $573K |
| 504 share of approvals | 5.8% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 6.5 | 9.2 | 10.5 |
| Share of state approvals | 2.9% | 100.0% | — |
Approval sizes
- $50,000 or less39.7%102
- $50,001 to $150,00012.5%32
- $150,001 to $350,00018.7%48
- $350,001 to $1 million17.1%44
- $1 million to $2 million5.8%15
- Over $2 million6.2%16
Age of the businesses
- Existing, more than 2 years old61.1%157
- New business, 2 years or less20.2%52
- Startup, loan funds will open the business8.9%23
- Change of ownership9.7%25
Questions and answers
Which lenders make the most SBA loans in Kitsap County?
By approvals in FY2021 to FY2025: Columbia Bank (69), KeyBank National Association (19), Northeast Bank (11), Heritage Bank (10), BayFirst National Bank (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kitsap County?
The median 7(a) approval was $121K and the median 504 approval $554K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in Kitsap County?
Residential Building Construction (20); Restaurants and Other Eating Places (17); Services to Buildings and Dwellings (14); Offices of Other Health Practitioners (13); Gasoline Stations (10).
Is SBA lending in Kitsap County rising?
Approvals in the three latest complete fiscal years total 170, against 138 in the three before: rising (+23%).
How does Kitsap County compare with the rest of Washington?
41.0 approvals per 1,000 establishments against 44.0 statewide, and 257 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