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County6th of 39 in Washington by approvalsFIPS 53067
SBA loans in Thurston 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 320 loans to businesses in Thurston County, Washington, in FY2021 to FY2025, worth $232M: 279 under 7(a) and 41 under 504.
That is 48.1 approvals per 1,000 business establishments (6,656 establishments in 2023), close to the Washington figure of 44.0 and above the national 41.0.
It ranks 6th of 39 Washington counties with approvals. In FY2025 there were 85, up 35% on FY2024.
62 lenders had approvals here; the most active were Columbia Bank (39), Readycap Lending, LLC (23) and KeyBank National Association (21). 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 Thurston County
By number of approvals to businesses in the county, FY2021–FY2025; 62 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 39 | $4.1M | 12.2% | |
| 2 | Readycap Lending, LLCBerkeley Heights, NJ | 23 | $30.6M | 7.2% | |
| 3 | KeyBank National AssociationCleveland, OH | 21 | $8.1M | 6.6% | |
| 4 | Ameritrust CDCEdmonds, WA · CDC | 19 | $19.8M | 5.9% | |
| 5 | Evergreen Business CapitalSeattle, WA · CDC | 15 | $8.5M | 4.7% | |
| 6 | Hanmi BankLos Angeles, CA | 14 | $20.5M | 4.4% | |
| 7 | The Huntington National BankColumbus, OH | 12 | $2.8M | 3.8% | |
| 8 | Heritage BankOlympia, WA | 11 | $12.0M | 3.4% | |
| 9 | Sound Credit UnionTacoma, WA | 9 | $4.0M | 2.8% | |
| 10 | U.S. Bank, National AssociationCincinnati, OH | 9 | $3.0M | 2.8% | |
| 11 | Northeast BankLewiston, ME | 9 | $1.7M | 2.8% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 9 | $1.7M | 2.8% | |
| 13 | Harborstone CULakewood, WA | 7 | $6.4M | 2.2% | |
| 14 | Northwest Business Development AssociationSpokane Valley, WA · CDC | 7 | $6.0M | 2.2% | |
| 15 | Olympia Federal Savings and Loan AssociationOlympia, WA | 7 | $2.2M | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 43 | 13.4% | |
| 2 | Gasoline StationsNAICS 4571 | 21 | 6.6% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 18 | 5.6% | |
| 4 | Personal Care ServicesNAICS 8121 | 18 | 5.6% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 4.1% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 12 | 3.8% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 3.4% | |
| 8 | Grocery StoresNAICS 4451 | 10 | 3.1% | |
| 9 | Gasoline StationsNAICS 4471 | 9 | 2.8% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 9 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 59 | 18.4% | |
| 2 | Accommodation and Food Services | 53 | 16.6% | |
| 3 | Professional, Scientific, and Technical Services | 39 | 12.2% | |
| 4 | Health Care and Social Assistance | 35 | 10.9% | |
| 5 | Other Services (except Public Administration) | 34 | 10.6% | |
| 6 | Construction | 29 | 9.1% | |
| 7 | Arts, Entertainment, and Recreation | 17 | 5.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 13 | 4.1% |
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* | 37 | $22.9M | $196K | 6 | $5.4M | 43 | 390 |
| FY2025 | 76 | $59.8M | $256K | 9 | $8.0M | 85 | 850 |
| FY2024 | 58 | $36.1M | $252K | 5 | $3.8M | 63 | 479 |
| FY2023 | 47 | $19.8M | $182K | 7 | $8.4M | 54 | 452 |
| FY2022 | 43 | $40.4M | $344K | 9 | $6.7M | 52 | 789 |
| FY2021 | 55 | $41.3M | $338K | 11 | $7.5M | 66 | 666 |
| FY2020 | 42 | $25.5M | $255K | 8 | $6.8M | 50 | 391 |
| FY2019 | 68 | $35.6M | $234K | 10 | $11.4M | 78 | 673 |
| FY2018 | 42 | $23.5M | $171K | 6 | $5.3M | 48 | 621 |
| FY2017 | 66 | $43.0M | $273K | 9 | $3.4M | 75 | 901 |
| FY2016 | 46 | $24.7M | $213K | 5 | $5.9M | 51 | 550 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 302 approvals.
Against Washington and the country
| FY2021–FY2025 | Thurston County | Washington | United States |
|---|---|---|---|
| Approvals | 320 | 8,905 | 342,825 |
| Approvals per 1,000 establishments | 48.1 | 44.0 | 41.0 |
| Median 7(a) approval | $270K | $200K | $190K |
| Median 504 approval | $523K | $699K | $657K |
| Average approval | $724K | $627K | $573K |
| 504 share of approvals | 12.8% | 7.8% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 9.2 | 10.5 |
| Share of state approvals | 3.6% | 100.0% | — |
Approval sizes
- $50,000 or less20.9%67
- $50,001 to $150,00014.7%47
- $150,001 to $350,00020.6%66
- $350,001 to $1 million26.3%84
- $1 million to $2 million6.6%21
- Over $2 million10.9%35
Age of the businesses
- Existing, more than 2 years old55.9%179
- New business, 2 years or less17.5%56
- Startup, loan funds will open the business8.8%28
- Change of ownership17.8%57
Questions and answers
Which lenders make the most SBA loans in Thurston County?
By approvals in FY2021 to FY2025: Columbia Bank (39), Readycap Lending, LLC (23), KeyBank National Association (21), Ameritrust CDC (19), Evergreen Business Capital (15). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Thurston County?
The median 7(a) approval was $270K and the median 504 approval $523K; the Washington 7(a) median was $200K.
Which industries get the most SBA loans in Thurston County?
Restaurants and Other Eating Places (43); Gasoline Stations (21); Offices of Other Health Practitioners (18); Personal Care Services (18); Other Amusement and Recreation Industries (13).
Is SBA lending in Thurston County rising?
Approvals in the three latest complete fiscal years total 202, against 168 in the three before: rising (+20%).
How does Thurston County compare with the rest of Washington?
48.1 approvals per 1,000 establishments against 44.0 statewide, and 320 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