States › Washington › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Washington, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 1,711 loans in Washington: 1,574 under 7(a) and 137 under 504, worth $897M.
That is about level with FY2017, when there were 1,673 approvals worth $920M.
Washington accounted for 2.6% of the 66,228 approvals nationwide that year. 96 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 189.
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.
Approvals by lender
The 40 lenders with the most approvals to Washington businesses in FY2018, of 96 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7(a) | 189 | $46.3M | 11.0% | 173 | +16 |
| 2 | Banner Bank | 7(a) | 154 | $26.5M | 9.0% | 163 | -9 |
| 3 | KeyBank National Association | 7(a) | 125 | $65.5M | 7.3% | 118 | +7 |
| 4 | Columbia Bank | 7(a) | 124 | $48.5M | 7.2% | 77 | +47 |
| 5 | Wells Fargo Bank National Association | 7(a) | 105 | $31.7M | 6.1% | 129 | -24 |
| 6 | JPMorgan Chase Bank, National Association | 7(a) | 69 | $18.4M | 4.0% | 69 | 0 |
| 7 | Evergreen Business Capital | 504 | 58 | $56.4M | 3.4% | 53 | +5 |
| 8 | Heritage Bank | 7(a) | 58 | $22.2M | 3.4% | 75 | -17 |
| 9 | Northwest Business Development Association | 504 | 48 | $30.7M | 2.8% | 48 | 0 |
| 10 | Washington Trust Bank | 7(a) | 41 | $17.4M | 2.4% | 55 | -14 |
| 11 | Harborstone CU | 7(a) | 35 | $16.3M | 2.0% | 28 | +7 |
| 12 | Ameritrust CDC | 504 | 31 | $25.6M | 1.8% | 16 | +15 |
| 13 | Mechanics Bank | 7(a) | 28 | $15.7M | 1.6% | 26 | +2 |
| 14 | BayFirst National Bank | 7(a) | 27 | $6.4M | 1.6% | 30 | -3 |
| 15 | Live Oak Banking Company | 7(a) | 25 | $41.5M | 1.5% | 16 | +9 |
| 16 | UniBank | 7(a) | 25 | $29.5M | 1.5% | 20 | +5 |
| 17 | Glacier Bank | 7(a) | 25 | $5.1M | 1.5% | 13 | +12 |
| 18 | Mountain Pacific Bank | 7(a) | 24 | $33.1M | 1.4% | 19 | +5 |
| 19 | Celtic Bank Corporation | 7(a) | 23 | $6.3M | 1.3% | 29 | -6 |
| 20 | Bank of Hope | 7(a) | 22 | $42.5M | 1.3% | 19 | +3 |
| 21 | Enterprise Bank & Trust | 7(a) | 22 | $19.0M | 1.3% | 24 | -2 |
| 22 | Sound Credit Union | 7(a) | 21 | $4.6M | 1.2% | 25 | -4 |
| 23 | PCB Bank | 7(a) | 20 | $31.9M | 1.2% | 21 | -1 |
| 24 | Northwest Bank | 7(a) | 20 | $13.3M | 1.2% | 23 | -3 |
| 25 | Numerica CU | 7(a) | 20 | $4.4M | 1.2% | 7 | +13 |
| 26 | Open Bank | 7(a) | 19 | $15.1M | 1.1% | 31 | -12 |
| 27 | Timberland Bank | 7(a) | 18 | $4.6M | 1.1% | 10 | +8 |
| 28 | Commonwealth Business Bank | 7(a) | 17 | $18.3M | 1.0% | 2 | +15 |
| 29 | Newtek Small Business Finance, Inc. | 7(a) | 17 | $9.0M | 1.0% | 6 | +11 |
| 30 | Stearns Bank National Association | 7(a) | 16 | $9.3M | 0.9% | 28 | -12 |
| 31 | BMO Bank National Association | 7(a) | 15 | $10.3M | 0.9% | 23 | -8 |
| 32 | Hanmi Bank | 7(a) | 15 | $9.5M | 0.9% | 14 | +1 |
| 33 | Whatcom Educational CU | 7(a) | 15 | $3.4M | 0.9% | 17 | -2 |
| 34 | First Interstate Bank | 7(a) | 12 | $3.2M | 0.7% | 21 | -9 |
| 35 | Northeast Bank | 7(a) | 12 | $1.1M | 0.7% | 4 | +8 |
| 36 | Readycap Lending, LLC | 7(a) | 11 | $13.4M | 0.6% | 1 | +10 |
| 37 | Independence Bank | 7(a) | 11 | $890K | 0.6% | 4 | +7 |
| 38 | Coastal Community Bank | 7(a) | 10 | $8.2M | 0.6% | 19 | -9 |
| 39 | GBC International Bank | 7(a) | 10 | $6.6M | 0.6% | 3 | +7 |
| 40 | United Midwest Savings Bank National Association | 7(a) | 10 | $3.0M | 0.6% | 4 | +6 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 542 | $289M | 31.7% | 539 | +3 |
| 2 | Pierce County | 221 | $113M | 12.9% | 161 | +60 |
| 3 | Snohomish County | 183 | $113M | 10.7% | 200 | -17 |
| 4 | Spokane County | 130 | $54.0M | 7.6% | 119 | +11 |
| 5 | Clark County | 114 | $40.7M | 6.7% | 122 | -8 |
| 6 | Whatcom County | 70 | $33.3M | 4.1% | 67 | +3 |
| 7 | Yakima County | 51 | $34.6M | 3.0% | 42 | +9 |
| 8 | Benton County | 50 | $26.5M | 2.9% | 43 | +7 |
| 9 | Thurston County | 48 | $28.8M | 2.8% | 75 | -27 |
| 10 | Kitsap County | 47 | $30.0M | 2.7% | 53 | -6 |
| 11 | Skagit County | 37 | $12.3M | 2.2% | 34 | +3 |
| 12 | Grant County | 25 | $13.2M | 1.5% | 20 | +5 |
| 13 | Island County | 20 | $4.7M | 1.2% | 23 | -3 |
| 14 | Grays Harbor County | 19 | $24.2M | 1.1% | 5 | +14 |
| 15 | Chelan County | 19 | $10.8M | 1.1% | 15 | +4 |
| 16 | Clallam County | 15 | $13.4M | 0.9% | 20 | -5 |
| 17 | Stevens County | 14 | $3.7M | 0.8% | 11 | +3 |
| 18 | Lewis County | 14 | $8.7M | 0.8% | 11 | +3 |
| 19 | Walla Walla County | 10 | $4.2M | 0.6% | 12 | -2 |
| 20 | Cowlitz County | 9 | $7.5M | 0.5% | 13 | -4 |
| 21 | Whitman County | 8 | $642K | 0.5% | 4 | +4 |
| 22 | Franklin County | 8 | $9.3M | 0.5% | 19 | -11 |
| 23 | Mason County | 7 | $4.0M | 0.4% | 8 | -1 |
| 24 | Douglas County | 7 | $2.1M | 0.4% | 7 | 0 |
| 25 | Kittitas County | 6 | $4.1M | 0.4% | 7 | -1 |
| 26 | Klickitat County | 5 | $2.6M | 0.3% | 2 | +3 |
| 27 | Jefferson County | 5 | $1.5M | 0.3% | 5 | 0 |
| 28 | Okanogan County | 5 | $1.9M | 0.3% | 10 | -5 |
| 29 | Lincoln County | 5 | $723K | 0.3% | 0 | new |
| 30 | San Juan County | 4 | $3.9M | 0.2% | 2 | +2 |
| 31 | Adams County | 4 | $185K | 0.2% | 9 | -5 |
| 32 | Pend Oreille County | 3 | $225K | 0.2% | 2 | +1 |
| 33 | Ferry County | 3 | $1.1M | 0.2% | 0 | new |
| 34 | Skamania County | 1 | — | 0.1% | 2 | -1 |
| 35 | Columbia County | 1 | — | 0.1% | 0 | new |
| 36 | Asotin County | 1 | — | 0.1% | 6 | -5 |
FY2018 against FY2017
| Washington | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 1,574 | 1,553 |
| 7(a) dollars | $784M | $808M |
| Median 7(a) approval | $200K | $200K |
| 504 approvals | 137 | 120 |
| 504 dollars | $113M | $112M |
| Jobs supported, as reported | 17,393 | 16,957 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2018?
U.S. Bank, National Association (189), Banner Bank (154), KeyBank National Association (125), Columbia Bank (124), Wells Fargo Bank National Association (105). 96 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2018?
1,711: 1,574 under 7(a) worth $784M and 137 under 504 worth $113M.
Which Washington counties had the most SBA approvals in FY2018?
King County (542), Pierce County (221), Snohomish County (183), Spokane County (130), Clark County (114).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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