States › Washington › FY2020
FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Washington, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 1,392 loans in Washington: 1,229 under 7(a) and 163 under 504, worth $896M.
That is down 15% on FY2019, when there were 1,643 approvals worth $942M.
Washington accounted for 2.8% of the 49,417 approvals nationwide that year. 100 lenders had at least one approval in the state; Columbia Bank had the most, 192.
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 FY2020, of 100 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 7(a) | 192 | $64.3M | 13.8% | 186 | +6 |
| 2 | U.S. Bank, National Association | 7(a) | 176 | $39.4M | 12.6% | 210 | -34 |
| 3 | KeyBank National Association | 7(a) | 104 | $62.3M | 7.5% | 101 | +3 |
| 4 | Banner Bank | 7(a) | 79 | $14.7M | 5.7% | 150 | -71 |
| 5 | Evergreen Business Capital | 504 | 65 | $55.6M | 4.7% | 58 | +7 |
| 6 | Northwest Business Development Association | 504 | 61 | $63.2M | 4.4% | 42 | +19 |
| 7 | Wells Fargo Bank National Association | 7(a) | 45 | $21.9M | 3.2% | 57 | -12 |
| 8 | UniBank | 7(a) | 38 | $47.6M | 2.7% | 14 | +24 |
| 9 | Live Oak Banking Company | 7(a) | 37 | $58.1M | 2.7% | 33 | +4 |
| 10 | Northwest Bank | 7(a) | 35 | $14.6M | 2.5% | 39 | -4 |
| 11 | Ameritrust CDC | 504 | 33 | $32.0M | 2.4% | 32 | +1 |
| 12 | JPMorgan Chase Bank, National Association | 7(a) | 30 | $8.5M | 2.2% | 43 | -13 |
| 13 | Washington Trust Bank | 7(a) | 29 | $9.5M | 2.1% | 59 | -30 |
| 14 | Enterprise Bank & Trust | 7(a) | 24 | $23.4M | 1.7% | 27 | -3 |
| 15 | Heritage Bank | 7(a) | 23 | $10.8M | 1.7% | 45 | -22 |
| 16 | Mountain Pacific Bank | 7(a) | 21 | $31.9M | 1.5% | 10 | +11 |
| 17 | GBC International Bank | 7(a) | 21 | $8.9M | 1.5% | 22 | -1 |
| 18 | Hanmi Bank | 7(a) | 15 | $22.6M | 1.1% | 21 | -6 |
| 19 | Bank of Hope | 7(a) | 15 | $21.3M | 1.1% | 24 | -9 |
| 20 | BMO Bank National Association | 7(a) | 15 | $14.6M | 1.1% | 7 | +8 |
| 21 | United Midwest Savings Bank National Association | 7(a) | 14 | $3.6M | 1.0% | 11 | +3 |
| 22 | BayFirst National Bank | 7(a) | 13 | $2.0M | 0.9% | 30 | -17 |
| 23 | Harborstone CU | 7(a) | 12 | $13.0M | 0.9% | 25 | -13 |
| 24 | Numerica CU | 7(a) | 11 | $3.6M | 0.8% | 19 | -8 |
| 25 | Bank of America, National Association | 7(a) | 11 | $3.5M | 0.8% | 5 | +6 |
| 26 | Seattle Economic Development Fund dba Community Ca | 7(a) | 11 | $1.9M | 0.8% | 2 | +9 |
| 27 | Open Bank | 7(a) | 10 | $16.8M | 0.7% | 13 | -3 |
| 28 | PCB Bank | 7(a) | 10 | $13.1M | 0.7% | 13 | -3 |
| 29 | Readycap Lending, LLC | 7(a) | 9 | $14.5M | 0.6% | 19 | -10 |
| 30 | First Merchants Bank | 7(a) | 9 | $7.3M | 0.6% | 3 | +6 |
| 31 | First-Citizens Bank & Trust Company | 7(a) | 9 | $6.8M | 0.6% | 7 | +2 |
| 32 | Celtic Bank Corporation | 7(a) | 9 | $4.1M | 0.6% | 14 | -5 |
| 33 | Harvest Small Business Finance, LLC | 7(a) | 8 | $10.4M | 0.6% | 5 | +3 |
| 34 | Coastal Community Bank | 7(a) | 8 | $5.4M | 0.6% | 12 | -4 |
| 35 | Sound Credit Union | 7(a) | 8 | $4.9M | 0.6% | 14 | -6 |
| 36 | Timberland Bank | 7(a) | 8 | $3.2M | 0.6% | 12 | -4 |
| 37 | US Metro Bank | 7(a) | 7 | $17.1M | 0.5% | 3 | +4 |
| 38 | Banc of California | 7(a) | 7 | $14.8M | 0.5% | 4 | +3 |
| 39 | Commonwealth Business Bank | 7(a) | 7 | $13.5M | 0.5% | 20 | -13 |
| 40 | Global Federal Credit Union | 7(a) | 7 | $2.2M | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 467 | $280M | 33.5% | 503 | -36 |
| 2 | Pierce County | 184 | $126M | 13.2% | 218 | -34 |
| 3 | Snohomish County | 149 | $117M | 10.7% | 181 | -32 |
| 4 | Spokane County | 100 | $48.1M | 7.2% | 133 | -33 |
| 5 | Clark County | 100 | $74.0M | 7.2% | 99 | +1 |
| 6 | Kitsap County | 51 | $34.1M | 3.7% | 35 | +16 |
| 7 | Thurston County | 50 | $32.2M | 3.6% | 78 | -28 |
| 8 | Whatcom County | 33 | $18.3M | 2.4% | 60 | -27 |
| 9 | Grant County | 27 | $11.4M | 1.9% | 24 | +3 |
| 10 | Benton County | 26 | $15.1M | 1.9% | 39 | -13 |
| 11 | Skagit County | 23 | $18.8M | 1.7% | 38 | -15 |
| 12 | Yakima County | 23 | $11.9M | 1.7% | 38 | -15 |
| 13 | Franklin County | 16 | $11.9M | 1.1% | 15 | +1 |
| 14 | Cowlitz County | 14 | $13.9M | 1.0% | 17 | -3 |
| 15 | Island County | 13 | $11.1M | 0.9% | 27 | -14 |
| 16 | Lewis County | 12 | $4.2M | 0.9% | 9 | +3 |
| 17 | Grays Harbor County | 11 | $12.4M | 0.8% | 9 | +2 |
| 18 | Chelan County | 11 | $10.1M | 0.8% | 15 | -4 |
| 19 | Stevens County | 11 | $847K | 0.8% | 15 | -4 |
| 20 | Clallam County | 10 | $18.2M | 0.7% | 9 | +1 |
| 21 | Whitman County | 8 | $1.2M | 0.6% | 9 | -1 |
| 22 | Kittitas County | 8 | $5.4M | 0.6% | 8 | 0 |
| 23 | Walla Walla County | 6 | $1.5M | 0.4% | 10 | -4 |
| 24 | Mason County | 6 | $2.0M | 0.4% | 14 | -8 |
| 25 | Pend Oreille County | 5 | $753K | 0.4% | 4 | +1 |
| 26 | Adams County | 5 | $1.6M | 0.4% | 4 | +1 |
| 27 | Okanogan County | 5 | $3.4M | 0.4% | 5 | 0 |
| 28 | San Juan County | 3 | $2.4M | 0.2% | 3 | 0 |
| 29 | Douglas County | 3 | $1.0M | 0.2% | 7 | -4 |
| 30 | Lincoln County | 3 | $120K | 0.2% | 0 | new |
| 31 | Jefferson County | 2 | — | 0.1% | 0 | new |
| 32 | Wahkiakum County | 2 | — | 0.1% | 0 | new |
| 33 | Columbia County | 1 | — | 0.1% | 0 | new |
| 34 | Pacific County | 1 | — | 0.1% | 5 | -4 |
| 35 | Asotin County | 1 | — | 0.1% | 3 | -2 |
| 36 | Ferry County | 1 | — | 0.1% | 3 | -2 |
| 37 | Garfield County | 1 | — | 0.1% | 0 | new |
FY2020 against FY2019
| Washington | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 1,229 | 1,511 |
| 7(a) dollars | $741M | $796M |
| Median 7(a) approval | $250K | $230K |
| 504 approvals | 163 | 132 |
| 504 dollars | $154M | $146M |
| Jobs supported, as reported | 13,274 | 16,614 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2020?
Columbia Bank (192), U.S. Bank, National Association (176), KeyBank National Association (104), Banner Bank (79), Evergreen Business Capital (65). 100 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2020?
1,392: 1,229 under 7(a) worth $741M and 163 under 504 worth $154M.
Which Washington counties had the most SBA approvals in FY2020?
King County (467), Pierce County (184), Snohomish County (149), Spokane County (100), Clark County (100).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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