States › Washington › Snohomish County
County3rd of 39 in Washington by approvalsFIPS 53061
SBA loans in Snohomish 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 Snohomish County, Washington, received 940 SBA loan approvals worth $699M in FY2021 to FY2025 (851 7(a), 89 504).
That is 46.4 approvals per 1,000 business establishments (20,258 establishments in 2023), close to the Washington figure of 44.0 and close to the national 41.0.
It ranks 3rd of 39 Washington counties with approvals. In FY2025 there were 217, down 8% on FY2024.
94 lenders had approvals here; the most active were Columbia Bank (111), U.S. Bank, National Association (73) and KeyBank National Association (69). 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 Snohomish County
By number of approvals to businesses in the county, FY2021–FY2025; 94 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 111 | $33.3M | 11.8% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 73 | $30.3M | 7.8% | |
| 3 | KeyBank National AssociationCleveland, OH | 69 | $41.7M | 7.3% | |
| 4 | Banner BankWalla Walla, WA | 47 | $7.9M | 5.0% | |
| 5 | Northwest Business Development AssociationSpokane Valley, WA · CDC | 45 | $56.8M | 4.8% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 40 | $52.2M | 4.3% | |
| 7 | Northeast BankLewiston, ME | 35 | $4.9M | 3.7% | |
| 8 | Bank of America, National AssociationCharlotte, NC | 26 | $12.3M | 2.8% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 24 | $4.0M | 2.6% | |
| 10 | Evergreen Business CapitalSeattle, WA · CDC | 22 | $33.6M | 2.3% | |
| 11 | Washington Trust BankSpokane, WA | 21 | $8.0M | 2.2% | |
| 12 | Ameritrust CDCEdmonds, WA · CDC | 20 | $23.5M | 2.1% | |
| 13 | The Huntington National BankColumbus, OH | 20 | $7.7M | 2.1% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 19 | $5.3M | 2.0% | |
| 15 | Sound Credit UnionTacoma, WA | 18 | $2.5M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 97 | 10.3% | |
| 2 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 41 | 4.4% | |
| 3 | Residential Building ConstructionNAICS 2361 | 39 | 4.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 34 | 3.6% | |
| 5 | Grocery StoresNAICS 4451 | 32 | 3.4% | |
| 6 | Gasoline StationsNAICS 4571 | 29 | 3.1% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 29 | 3.1% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 28 | 3.0% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 26 | 2.8% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 25 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 149 | 15.9% | |
| 2 | Construction | 140 | 14.9% | |
| 3 | Accommodation and Food Services | 132 | 14.0% | |
| 4 | Health Care and Social Assistance | 125 | 13.3% | |
| 5 | Other Services (except Public Administration) | 79 | 8.4% | |
| 6 | Professional, Scientific, and Technical Services | 70 | 7.4% | |
| 7 | Manufacturing | 45 | 4.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 43 | 4.6% |
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* | 162 | $104M | $200K | 3 | $7.6M | 165 | 1,378 |
| FY2025 | 206 | $144M | $200K | 11 | $15.2M | 217 | 1,620 |
| FY2024 | 223 | $118M | $200K | 13 | $23.4M | 236 | 2,282 |
| FY2023 | 141 | $112M | $265K | 8 | $14.5M | 149 | 1,586 |
| FY2022 | 135 | $89.7M | $243K | 19 | $24.5M | 154 | 1,347 |
| FY2021 | 146 | $119M | $500K | 38 | $38.4M | 184 | 1,533 |
| FY2020 | 123 | $97.8M | $430K | 26 | $18.9M | 149 | 1,451 |
| FY2019 | 168 | $98.5M | $272K | 13 | $16.9M | 181 | 2,342 |
| FY2018 | 174 | $101M | $264K | 9 | $11.6M | 183 | 1,749 |
| FY2017 | 185 | $84.7M | $150K | 15 | $13.0M | 200 | 1,708 |
| FY2016 | 178 | $79.0M | $120K | 21 | $17.1M | 199 | 1,690 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 912 approvals.
Against Washington and the country
| FY2021–FY2025 | Snohomish County | Washington | United States |
|---|---|---|---|
| Approvals | 940 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 46.4 | 44.0 | 41.0 |
| Median 7(a) approval | $250K | $200K | $190K |
| Median 504 approval | $732K | $699K | $657K |
| Average approval | $743K | $627K | $573K |
| 504 share of approvals | 9.5% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 8.9 | 9.2 | 10.5 |
| Share of state approvals | 10.6% | 100.0% | — |
Approval sizes
- $50,000 or less23.1%217
- $50,001 to $150,00014.3%134
- $150,001 to $350,00017.2%162
- $350,001 to $1 million23.0%216
- $1 million to $2 million11.8%111
- Over $2 million10.6%100
Age of the businesses
- Existing, more than 2 years old55.1%518
- New business, 2 years or less16.7%157
- Startup, loan funds will open the business11.1%104
- Change of ownership17.0%160
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Snohomish County?
By approvals in FY2021 to FY2025: Columbia Bank (111), U.S. Bank, National Association (73), KeyBank National Association (69), Banner Bank (47), Northwest Business Development Association (45). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Snohomish County?
The median 7(a) approval was $250K and the median 504 approval $732K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in Snohomish County?
Restaurants and Other Eating Places (97); Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (41); Residential Building Construction (39); Offices of Other Health Practitioners (34); Grocery Stores (32).
Is SBA lending in Snohomish County rising?
Approvals in the three latest complete fiscal years total 602, against 487 in the three before: rising (+24%).
How does Snohomish County compare with the rest of Washington?
46.4 approvals per 1,000 establishments against 44.0 statewide, and 940 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