Lenders › WaFd Bank
7(a) lenderSeattle, WashingtonFDIC-insured bank497th of 2,184 by approvals
WaFd Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
WaFd Bank, based in Seattle, Washington, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 52 of its 7(a) loans worth $1.4M in FY2021 to FY2025, which places it 497th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 52 approvals totalling $1.4M. FY2026 to 30 Jun 2026 adds 148 more.
The median approval was $18K, against $190K for the 7(a) program as a whole; 100.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 8 states and territories and 30 counties, led by Washington (36.5%), Arizona (19.2%) and Idaho (13.5%). The largest industry group was retail trade at 17.3% of approvals, and 1.9% of approvals were to franchise businesses.
WaFd Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 148 | $13.0M | $40K | $88K | 1,035 |
| FY2025 | 52 | $1.4M | $18K | $27K | 192 |
| FY2024 | 0 | — | — | — | 0 |
| FY2023 | 0 | — | — | — | 0 |
| FY2022 | 0 | — | — | — | 0 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 0 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Washington | 7(a) program |
|---|---|---|---|
| Approvals in these years | 19 | 17,200 | 639,905 |
| Cancelled or never disbursed | 3 | 2,118 | 79,313 |
| Disbursed loans | 16 | 15,082 | 560,592 |
| Paid in full | 16 | 12,092 | 435,813 |
| Charged off | 0 | 678 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 2,312 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 4.5% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 1.6% | 2.5% |
| Dollars charged off | — | $114M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $18K | $190K |
| Average approval | $27K | $518K |
| Approvals of $150,000 or less | 100.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.8% | 34.3% |
| Approvals to franchise businesses | 1.9% | 11.5% |
| Jobs supported per approval, as reported | 3.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (8 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Washington | 19 | $572K | 36.5% | |
| 2 | Arizona | 10 | $222K | 19.2% | |
| 3 | Idaho | 7 | $215K | 13.5% | |
| 4 | Oregon | 5 | $120K | 9.6% | |
| 5 | Utah | 5 | $75K | 9.6% | |
| 6 | Nevada | 3 | $59K | 5.8% | |
| 7 | Texas | 2 | — | 3.8% | |
| 8 | New Mexico | 1 | — | 1.9% |
In Washington the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (30 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | King County, WA | 6 | $165K | 11.5% | |
| 2 | Ada County, ID | 5 | $135K | 9.6% | |
| 3 | Okanogan County, WA | 3 | $130K | 5.8% | |
| 4 | Maricopa County, AZ | 3 | $95K | 5.8% | |
| 5 | Yuma County, AZ | 3 | $42K | 5.8% | |
| 6 | Grant County, WA | 2 | — | 3.8% | |
| 7 | Yakima County, WA | 2 | — | 3.8% | |
| 8 | Clark County, NV | 2 | — | 3.8% | |
| 9 | Utah County, UT | 2 | — | 3.8% | |
| 10 | Cache County, UT | 2 | — | 3.8% | |
| 11 | Pierce County, WA | 2 | — | 3.8% | |
| 12 | Chelan County, WA | 2 | — | 3.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 17.3% | |
| 2 | Construction | 9 | 17.3% | |
| 3 | Accommodation and Food Services | 7 | 13.5% | |
| 4 | Health Care and Social Assistance | 6 | 11.5% | |
| 5 | Manufacturing | 6 | 11.5% | |
| 6 | Other Services (except Public Administration) | 5 | 9.6% | |
| 7 | Transportation and Warehousing | 4 | 7.7% | |
| 8 | Wholesale Trade | 2 | 3.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 13.5% | |
| 2 | Grocery StoresNAICS 4451 | 4 | 7.7% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 4 | 7.7% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.8% | |
| 5 | Other Miscellaneous RetailersNAICS 4599 | 2 | 3.8% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 2 | 3.8% | |
| 7 | Nonresidential Building ConstructionNAICS 2362 | 2 | 3.8% | |
| 8 | Beverage ManufacturingNAICS 3121 | 2 | 3.8% | |
| 9 | Personal Care ServicesNAICS 8121 | 2 | 3.8% | |
| 10 | Specialized Freight TruckingNAICS 4842 | 2 | 3.8% |
Approval sizes
- $50,000 or less96.2%50
- $50,001 to $150,0003.8%2
Loan terms
- Over 5 to 10 years100.0%52
Age of the businesses
- Existing, more than 2 years old71.2%37
- New business, 2 years or less28.8%15
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 52 | 100.0% |
Franchise share
1 of 52 approvals in FY2021–FY2025 (1.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Edible Arrangements | 1 | 1.9% |
Questions and answers
How many SBA loans does WaFd Bank make?
SBA approved 52 7(a) loans through WaFd Bank in FY2025, worth $1.4M, and 52 over FY2021 to FY2025. That ranks 497th of 2,184 active 7(a) lenders by number of approvals.
How large are WaFd Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $18K and the average $27K. The program-wide median was $190K.
What is WaFd Bank's charge-off rate?
WaFd Bank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does WaFd Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (7); grocery stores (4); offices of other health practitioners (4); automotive repair and maintenance (3).
Where does WaFd Bank make SBA loans?
In 8 states and territories. Washington 19, Arizona 10, Idaho 7, Oregon 5, Utah 5. In Washington it accounts for 0.2% of all 7(a) approvals.
Is WaFd Bank's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error