SBA Ledger

States › Washington

State2.6% of US approvals202 lenders active

SBA loans in Washington

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 Washington received 8,905 SBA loan approvals worth $5.58bn in FY2021 to FY2025, 8,213 of them 7(a) loans and 692 504 loans.

That is 44.0 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 2.6% of all approvals in the country (14th of 54 states and territories).

In FY2025 there were 2,333 approvals totalling $1.25bn, up 18% on FY2024. The median 7(a) approval over the five years was $200K and the median 504 approval $699K.

202 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Columbia Bank (1,061), U.S. Bank, National Association (689) and KeyBank National Association (660).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 4.5% as charged off, against 6.6% nationally.

2,333approvals, FY20258,905 in FY2021–FY2025
$1.25bnapproved, FY2025$5.58bn in FY2021–FY2025
44.0approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$200Kmedian 7(a) approvalUS: $190K
4.5%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Washington

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in WA, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Columbia BankLake Oswego, OR1,061$266M12.9%$50K7.9%
2U.S. Bank, National AssociationCincinnati, OH689$236M8.4%$45K6.2%
3KeyBank National AssociationCleveland, OH660$261M8.0%$75K4.3%
4Banner BankWalla Walla, WA607$147M7.4%$100K3.2%
5Readycap Lending, LLCBerkeley Heights, NJ297$337M3.6%$138K4.3%
6Washington Trust BankSpokane, WA279$146M3.4%$250K1.9%
7Northeast BankLewiston, ME252$37.2M3.1%$106K12.8%
8BayFirst National BankSaint Petersburg, FL222$39.1M2.7%$150K19.2%
9Wells Fargo Bank National AssociationSioux Falls, SD212$82.0M2.6%$15K7.9%
10The Huntington National BankColumbus, OH181$73.2M2.2%$92K5.7%
11Sound Credit UnionTacoma, WA179$35.4M2.2%$30K1.5%
12Heritage BankOlympia, WA175$124M2.1%$346K3.5%
13Live Oak Banking CompanyWilmington, NC174$273M2.1%$850K2.2%
14Newtek Bank, National AssociationMiami, FL165$75.6M2.0%$225K—
15JPMorgan Chase Bank, National AssociationColumbus, OH150$43.1M1.8%$200K7.4%
16Bank of America, National AssociationCharlotte, NC138$61.4M1.7%$300K2.6%
17Gesa CURichland, WA126$85.5M1.5%$450K5.8%
18Harborstone CULakewood, WA125$96.9M1.5%$500K5.2%
19Celtic Bank CorporationSalt Lake City, UT121$146M1.5%$150K17.0%
20Hanmi BankLos Angeles, CA117$103M1.4%$630K6.0%
21Enterprise Bank & TrustClayton, MO84$101M1.0%$941K1.1%
22Numerica CUSpokane Valley, WA83$31.6M1.0%$273K7.1%
23Newtek Small Business Finance, Inc.Lake Success, NY80$46.2M1.0%$300K6.8%
24GBC International BankLos Angeles, CA77$46.9M0.9%$600K2.8%
25Timberland BankHoquiam, WA75$33.9M0.9%$300K13.7%
26Bank of HopeLos Angeles, CA71$127M0.9%$350K6.5%
27Glacier BankKalispell, MT63$51.1M0.8%$220K2.9%
28United Midwest Savings Bank National AssociationDe Graff, OH62$27.2M0.8%$150K15.9%
29Commonwealth Business BankLos Angeles, CA61$93.3M0.7%$750K2.1%
30Mountain Pacific BankEverett, WA59$105M0.7%$999K2.0%
31Lendistry SBLC, LLCLos Angeles, CA56$11.3M0.7%$150K22.7%
32Peoples BankBellingham, WA55$27.0M0.7%$297K1.9%
33HAPO Community CURichland, WA54$5.7M0.7%$51K0.8%
34PCB BankLos Angeles, CA50$117M0.6%$850K3.0%
35First Interstate BankBillings, MT49$27.1M0.6%$222K5.7%
36Northwest BankBoise, ID48$67.0M0.6%$517K3.9%
37Harvest Small Business Finance, LLCLaguna Hills, CA46$54.0M0.6%$765K0.4%
381st Security Bank of WashingtonMountlake Terrace, WA42$10.5M0.5%$25K1.9%
39Open BankLos Angeles, CA41$76.7M0.5%$1.1M1.3%
40First Internet Bank of IndianaFishers, IN39$59.1M0.5%$895K5.3%

504 certified development companies

#LenderApprovals in WA, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Northwest Business Development AssociationSpokane Valley, WA · 504 CDC277$297M40.0%$708K0.9%
2Evergreen Business CapitalSeattle, WA · 504 CDC261$269M37.7%$618K0.8%
3Ameritrust CDCEdmonds, WA · 504 CDC121$134M17.5%$743K0.3%
4Capital Matrix, Inc.Boise, ID · 504 CDC15$16.6M2.2%$520K0.5%
5Cascade Capital FundingSalem, OR · 504 CDC11$16.4M1.6%$642K0.9%
6Mortgage Capital Development CorporationOakland, CA · 504 CDC2—0.3%$913K0.3%
7Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC1—0.1%$684K0.6%
8Southland Economic Development CorporationSanta Ana, CA · 504 CDC1—0.1%$901K0.4%
9East-Central Idaho Development CompanyRexburg, ID · 504 CDC1—0.1%$543K0.0%
10Panhandle Area Council, Inc.Hayden, ID · 504 CDC1—0.1%$521K—
11Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC1—0.1%$684K1.1%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*1,349$711M$177K70$84.8M1,41911,911
FY20252,217$1.13bn$150K116$127M2,33318,653
FY20241,869$965M$150K106$130M1,97517,608
FY20231,415$842M$200K98$115M1,51314,696
FY20221,252$807M$250K172$176M1,42414,562
FY20211,460$1.10bn$345K200$192M1,66016,541
FY20201,229$741M$250K163$154M1,39213,274
FY20191,511$796M$230K132$146M1,64316,614
FY20181,574$784M$200K137$113M1,71117,393
FY20171,553$808M$200K120$112M1,67316,957
FY20161,698$734M$150K135$130M1,83316,671

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Washington by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1King County2,865$1.79bn70,37640.7
2Pierce County1,201$720M20,05159.9
3Snohomish County940$699M20,25846.4
4Clark County614$399M12,55248.9
5Spokane County613$343M14,42642.5
6Thurston County320$232M6,65648.1
7Whatcom County259$176M7,14636.2
8Kitsap County257$120M6,27241.0
9Yakima County252$152M5,01050.3
10Benton County236$102M4,96047.6
11Skagit County173$130M3,67047.1
12Grant County116$79.8M2,12354.6
13Chelan County87$69.9M2,78231.3
14Cowlitz County82$57.7M2,30935.5
15Franklin County78$37.9M1,96839.6
16Lewis County77$50.4M1,99038.7
17Clallam County65$45.4M2,11430.7
18Walla Walla County63$33.9M1,49142.3
19Grays Harbor County62$67.4M1,55839.8
20Island County58$33.6M1,94129.9
21Mason County57$32.2M1,07253.2
22Kittitas County55$46.5M1,50036.7
23Whitman County48$12.4M87355.0
24Stevens County43$7.1M94345.6
25Klickitat County38$9.3M58565.0
26Okanogan County36$17.9M1,20230.0
27Douglas County34$19.4M85439.8
28Jefferson County30$19.6M99130.3
29Adams County30$13.9M40174.8
30San Juan County29$11.0M1,04027.9
31Lincoln County21$6.9M29172.2
32Pacific County15$20.7M55826.9
33Pend Oreille County14$3.2M25854.3
34Columbia County10$5.1M10793.5
35Skamania County9$451K21442.1
36Asotin County8$2.0M44018.2
37Ferry County6$9.2M14541.4
38Wahkiakum County3$940K9830.6
39Garfield County1—3925.6

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 7225985$462M11.1%
2Residential Building ConstructionNAICS 2361327$71.8M3.7%
3Offices of Other Health PractitionersNAICS 6213322$126M3.6%
4Building Equipment ContractorsNAICS 2382288$119M3.2%
5General Freight TruckingNAICS 4841287$105M3.2%
6Automotive Repair and MaintenanceNAICS 8111269$146M3.0%
7Services to Buildings and DwellingsNAICS 5617252$86.1M2.8%
8Gasoline StationsNAICS 4571231$564M2.6%
9Personal Care ServicesNAICS 8121222$48.3M2.5%
10Other Amusement and Recreation IndustriesNAICS 7139216$129M2.4%
11Grocery StoresNAICS 4451215$162M2.4%
12Other Specialty Trade ContractorsNAICS 2389212$91.4M2.4%
13Traveler AccommodationNAICS 7211176$467M2.0%
14Building Finishing ContractorsNAICS 2383171$82.7M1.9%
15Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233155$159M1.7%

Sectors

#NAICS sectorApprovalsShare
1Retail Trade1,28714.5%
2Accommodation and Food Services1,28514.4%
3Construction1,25814.1%
4Health Care and Social Assistance96010.8%
5Professional, Scientific, and Technical Services7548.5%
6Other Services (except Public Administration)7148.0%
7Manufacturing5626.3%
8Transportation and Warehousing4795.4%
9Administrative and Support and Waste Management and Remediation Services4154.7%
10Arts, Entertainment, and Recreation2753.1%

Franchise brands

#BrandApprovalsShare
1Christensen Inc. dba Powell Product Sales Agreement310.3%
2Chevron230.3%
3Wilson Oil, Inc. Contract of Sale190.2%
4The UPS Store170.2%
5Phillips 66 Branded Reseller Agreement160.2%
6AM/PM Mini-Mart Agreement140.2%
7Hotworx130.1%
8Sun Pacific Energy Inc120.1%
9PacWest Energy110.1%
10The Goddard School110.1%

How earlier loans turned out

Washington, 7(a)4.5%
United States, 7(a)6.6%
Washington, 5040.7%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021WA 7(a)US 7(a)WA 504US 504
Approvals in these years17,200639,9051,93885,591
Cancelled or never disbursed2,11879,31321112,514
Disbursed loans15,082560,5921,72773,077
Paid in full12,092435,81392335,491
Charged off67836,89112905
Still outstanding (status exempt from disclosure)2,31287,88879236,681
Charged off, share of disbursed loans4.5%6.6%0.7%1.2%
Dollars charged off, share of disbursed dollars1.6%2.5%0.3%0.9%
Dollars charged off$114M$5.70bn$4.7M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025WashingtonUnited States
Approvals per 1,000 establishments44.041.0
Median 7(a) approval$200K$190K
Median 504 approval$699K$657K
504 share of approvals7.8%11.0%
Jobs supported per approval, as reported9.210.5
Approvals, change on FY2016–FY20208%10%

Questions and answers

Which lenders make the most SBA loans in Washington?

By 7(a) approvals in FY2021 to FY2025: Columbia Bank (1,061), U.S. Bank, National Association (689), KeyBank National Association (660), Banner Bank (607), Readycap Lending, LLC (297). For 504 loans: Northwest Business Development Association (277), Evergreen Business Capital (261), Ameritrust CDC (121). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Washington?

The median 7(a) approval was $200K and the median 504 approval $699K; the average across both programs was $627K.

Which industries get the most SBA loans in Washington?

Restaurants and Other Eating Places (985); Residential Building Construction (327); Offices of Other Health Practitioners (322); Building Equipment Contractors (288); General Freight Trucking (287).

Which Washington counties receive the most SBA loans?

King County (2,865), Pierce County (1,201), Snohomish County (940), Clark County (614), Spokane County (613), by approvals in FY2021 to FY2025.

Is SBA lending in Washington rising?

Approvals in the three latest complete fiscal years total 5,821, against 4,476 in the three before: rising (+30%).

What share of SBA loans in Washington are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 4.5% are recorded as charged off (national: 6.6%); for 504 loans the figure is 0.7% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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