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County2nd of 39 in Washington by approvalsFIPS 53053
SBA loans in Pierce 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 Pierce County, Washington, received 1,201 SBA loan approvals worth $720M in FY2021 to FY2025 (1,134 7(a), 67 504).
That is 59.9 approvals per 1,000 business establishments (20,051 establishments in 2023), above the Washington figure of 44.0 and above the national 41.0.
It ranks 2nd of 39 Washington counties with approvals. In FY2025 there were 289, up 17% on FY2024.
101 lenders had approvals here; the most active were Columbia Bank (175), U.S. Bank, National Association (116) and KeyBank National Association (95). 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 Pierce County
By number of approvals to businesses in the county, FY2021–FY2025; 101 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 175 | $27.3M | 14.6% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 116 | $40.5M | 9.7% | |
| 3 | KeyBank National AssociationCleveland, OH | 95 | $31.8M | 7.9% | |
| 4 | Sound Credit UnionTacoma, WA | 92 | $14.1M | 7.7% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 38 | $46.2M | 3.2% | |
| 6 | Heritage BankOlympia, WA | 37 | $21.5M | 3.1% | |
| 7 | Evergreen Business CapitalSeattle, WA · CDC | 35 | $31.1M | 2.9% | |
| 8 | Northeast BankLewiston, ME | 35 | $4.9M | 2.9% | |
| 9 | Hanmi BankLos Angeles, CA | 34 | $17.0M | 2.8% | |
| 10 | GBC International BankLos Angeles, CA | 31 | $16.4M | 2.6% | |
| 11 | Timberland BankHoquiam, WA | 30 | $11.9M | 2.5% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 28 | $6.8M | 2.3% | |
| 13 | Enterprise Bank & TrustClayton, MO | 27 | $32.8M | 2.2% | |
| 14 | Banner BankWalla Walla, WA | 26 | $8.9M | 2.2% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 24 | $4.7M | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 143 | 11.9% | |
| 2 | General Freight TruckingNAICS 4841 | 55 | 4.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 54 | 4.5% | |
| 4 | Residential Building ConstructionNAICS 2361 | 51 | 4.2% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 45 | 3.7% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 38 | 3.2% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 37 | 3.1% | |
| 8 | Gasoline StationsNAICS 4571 | 34 | 2.8% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 33 | 2.7% | |
| 10 | Personal Care ServicesNAICS 8121 | 33 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 200 | 16.7% | |
| 2 | Accommodation and Food Services | 176 | 14.7% | |
| 3 | Retail Trade | 168 | 14.0% | |
| 4 | Health Care and Social Assistance | 125 | 10.4% | |
| 5 | Other Services (except Public Administration) | 111 | 9.2% | |
| 6 | Professional, Scientific, and Technical Services | 87 | 7.2% | |
| 7 | Transportation and Warehousing | 83 | 6.9% | |
| 8 | Manufacturing | 67 | 5.6% |
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* | 172 | $75.6M | $150K | 9 | $10.8M | 181 | 1,240 |
| FY2025 | 278 | $126M | $102K | 11 | $12.4M | 289 | 2,087 |
| FY2024 | 236 | $117M | $150K | 12 | $18.3M | 248 | 1,927 |
| FY2023 | 196 | $108M | $201K | 10 | $11.4M | 206 | 1,832 |
| FY2022 | 172 | $90.1M | $196K | 16 | $12.9M | 188 | 1,512 |
| FY2021 | 252 | $201M | $341K | 18 | $22.3M | 270 | 3,338 |
| FY2020 | 162 | $98.5M | $300K | 22 | $27.2M | 184 | 1,718 |
| FY2019 | 201 | $100M | $255K | 17 | $19.4M | 218 | 1,731 |
| FY2018 | 208 | $97.5M | $203K | 13 | $15.2M | 221 | 2,213 |
| FY2017 | 149 | $85.6M | $270K | 12 | $15.3M | 161 | 1,827 |
| FY2016 | 170 | $79.8M | $150K | 17 | $22.4M | 187 | 1,778 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 971 approvals.
Against Washington and the country
| FY2021–FY2025 | Pierce County | Washington | United States |
|---|---|---|---|
| Approvals | 1,201 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 59.9 | 44.0 | 41.0 |
| Median 7(a) approval | $161K | $200K | $190K |
| Median 504 approval | $835K | $699K | $657K |
| Average approval | $600K | $627K | $573K |
| 504 share of approvals | 5.6% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 8.9 | 9.2 | 10.5 |
| Share of state approvals | 13.5% | 100.0% | — |
Approval sizes
- $50,000 or less33.1%398
- $50,001 to $150,00013.5%162
- $150,001 to $350,00016.2%195
- $350,001 to $1 million19.7%236
- $1 million to $2 million9.2%111
- Over $2 million8.2%99
Age of the businesses
- Existing, more than 2 years old55.2%663
- New business, 2 years or less20.2%243
- Startup, loan funds will open the business11.0%132
- Change of ownership13.6%163
Questions and answers
Which lenders make the most SBA loans in Pierce County?
By approvals in FY2021 to FY2025: Columbia Bank (175), U.S. Bank, National Association (116), KeyBank National Association (95), Sound Credit Union (92), Readycap Lending, LLC (38). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Pierce County?
The median 7(a) approval was $161K and the median 504 approval $835K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in Pierce County?
Restaurants and Other Eating Places (143); General Freight Trucking (55); Building Equipment Contractors (54); Residential Building Construction (51); Offices of Other Health Practitioners (45).
Is SBA lending in Pierce County rising?
Approvals in the three latest complete fiscal years total 743, against 642 in the three before: rising (+16%).
How does Pierce County compare with the rest of Washington?
59.9 approvals per 1,000 establishments against 44.0 statewide, and 1,201 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