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County21st of 39 in Washington by approvalsFIPS 53045
SBA loans in Mason 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 Mason County, Washington, received 57 SBA loan approvals worth $32.2M in FY2021 to FY2025 (54 7(a), 3 504).
That is 53.2 approvals per 1,000 business establishments (1,072 establishments in 2023), above the Washington figure of 44.0 and above the national 41.0.
It ranks 21st of 39 Washington counties with approvals. In FY2025 there were 18, about level with FY2024.
24 lenders had approvals here; the most active were Columbia Bank (12), Hanmi Bank (5) and Heritage Bank (5). 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 Mason County
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 12 | $434K | 21.1% | |
| 2 | Hanmi BankLos Angeles, CA | 5 | $2.7M | 8.8% | |
| 3 | Heritage BankOlympia, WA | 5 | $1.4M | 8.8% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 3 | $4.1M | 5.3% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 3 | $450K | 5.3% | |
| 6 | Sound Credit UnionTacoma, WA | 3 | $71K | 5.3% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.5% | |
| 8 | Commonwealth Business BankLos Angeles, CA | 2 | — | 3.5% | |
| 9 | Evergreen Business CapitalSeattle, WA · CDC | 2 | — | 3.5% | |
| 10 | Enterprise Bank & TrustClayton, MO | 2 | — | 3.5% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.5% | |
| 12 | Stearns Bank National AssociationSaint Cloud, MN | 2 | — | 3.5% | |
| 13 | Harvest Small Business Finance, LLCLaguna Hills, CA | 2 | — | 3.5% | |
| 14 | Timberland BankHoquiam, WA | 2 | — | 3.5% | |
| 15 | Washington Trust BankSpokane, WA | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 10.5% | |
| 2 | Grocery StoresNAICS 4451 | 4 | 7.0% | |
| 3 | Traveler AccommodationNAICS 7211 | 3 | 5.3% | |
| 4 | Gasoline StationsNAICS 4571 | 3 | 5.3% | |
| 5 | Other Motor Vehicle DealersNAICS 4412 | 3 | 5.3% | |
| 6 | Residential Building ConstructionNAICS 2361 | 3 | 5.3% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 5.3% | |
| 8 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 3.5% | |
| 9 | Office Supplies, Stationery, and Gift RetailersNAICS 4594 | 2 | 3.5% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 22.8% | |
| 2 | Accommodation and Food Services | 10 | 17.5% | |
| 3 | Construction | 10 | 17.5% | |
| 4 | Manufacturing | 4 | 7.0% | |
| 5 | Other Services (except Public Administration) | 4 | 7.0% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 3 | 5.3% | |
| 7 | Health Care and Social Assistance | 2 | 3.5% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 3.5% |
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* | 6 | $6.9M | $275K | 0 | — | 6 | 51 |
| FY2025 | 16 | $14.5M | $372K | 2 | — | 18 | 152 |
| FY2024 | 17 | $6.5M | $150K | 0 | — | 17 | 174 |
| FY2023 | 5 | $3.0M | $231K | 1 | — | 6 | 30 |
| FY2022 | 6 | $1.9M | $280K | 0 | — | 6 | 30 |
| FY2021 | 10 | $3.2M | $172K | 0 | — | 10 | 29 |
| FY2020 | 6 | $2.0M | $25K | 0 | — | 6 | 23 |
| FY2019 | 13 | $6.5M | $300K | 1 | — | 14 | 189 |
| FY2018 | 6 | $3.9M | $409K | 1 | — | 7 | 37 |
| FY2017 | 8 | $7.6M | $899K | 0 | — | 8 | 57 |
| FY2016 | 10 | $6.1M | $537K | 0 | — | 10 | 58 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 45 approvals.
Against Washington and the country
| FY2021–FY2025 | Mason County | Washington | United States |
|---|---|---|---|
| Approvals | 57 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 53.2 | 44.0 | 41.0 |
| Median 7(a) approval | $241K | $200K | $190K |
| Median 504 approval | $940K | $699K | $657K |
| Average approval | $566K | $627K | $573K |
| 504 share of approvals | 5.3% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 7.3 | 9.2 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less29.8%17
- $50,001 to $150,0008.8%5
- $150,001 to $350,00019.3%11
- $350,001 to $1 million24.6%14
- $1 million to $2 million10.5%6
- Over $2 million7.0%4
Age of the businesses
- Existing, more than 2 years old56.1%32
- New business, 2 years or less15.8%9
- Startup, loan funds will open the business5.3%3
- Change of ownership22.8%13
Questions and answers
Which lenders make the most SBA loans in Mason County?
By approvals in FY2021 to FY2025: Columbia Bank (12), Hanmi Bank (5), Heritage Bank (5), Live Oak Banking Company (3), BayFirst National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mason County?
The median 7(a) approval was $241K and the median 504 approval $940K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in Mason County?
Restaurants and Other Eating Places (6); Grocery Stores (4); Traveler Accommodation (3); Gasoline Stations (3); Other Motor Vehicle Dealers (3).
Is SBA lending in Mason County rising?
Approvals in the three latest complete fiscal years total 41, against 22 in the three before: rising (+86%).
How does Mason County compare with the rest of Washington?
53.2 approvals per 1,000 establishments against 44.0 statewide, and 57 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