States › Washington › FY2021
FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Washington, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,660 loans in Washington: 1,460 under 7(a) and 200 under 504, worth $1.29bn.
That is up 19% on FY2020, when there were 1,392 approvals worth $896M.
Washington accounted for 2.7% of the 61,532 approvals nationwide that year. 126 lenders had at least one approval in the state; Columbia Bank had the most, 230.
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 FY2021, of 126 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 7(a) | 230 | $90.2M | 13.9% | 192 | +38 |
| 2 | KeyBank National Association | 7(a) | 140 | $63.7M | 8.4% | 104 | +36 |
| 3 | Banner Bank | 7(a) | 139 | $41.6M | 8.4% | 79 | +60 |
| 4 | U.S. Bank, National Association | 7(a) | 106 | $61.5M | 6.4% | 176 | -70 |
| 5 | Northwest Business Development Association | 504 | 84 | $81.1M | 5.1% | 61 | +23 |
| 6 | Evergreen Business Capital | 504 | 76 | $65.8M | 4.6% | 65 | +11 |
| 7 | Heritage Bank | 7(a) | 47 | $28.5M | 2.8% | 23 | +24 |
| 8 | Wells Fargo Bank National Association | 7(a) | 42 | $25.4M | 2.5% | 45 | -3 |
| 9 | Ameritrust CDC | 504 | 36 | $42.2M | 2.2% | 33 | +3 |
| 10 | Readycap Lending, LLC | 7(a) | 34 | $47.0M | 2.0% | 9 | +25 |
| 11 | GBC International Bank | 7(a) | 33 | $20.6M | 2.0% | 21 | +12 |
| 12 | Washington Trust Bank | 7(a) | 30 | $20.7M | 1.8% | 29 | +1 |
| 13 | Live Oak Banking Company | 7(a) | 27 | $39.3M | 1.6% | 37 | -10 |
| 14 | Newtek Small Business Finance, Inc. | 7(a) | 27 | $20.2M | 1.6% | 5 | +22 |
| 15 | Harborstone CU | 7(a) | 24 | $24.9M | 1.4% | 12 | +12 |
| 16 | Hanmi Bank | 7(a) | 24 | $22.6M | 1.4% | 15 | +9 |
| 17 | Numerica CU | 7(a) | 24 | $10.9M | 1.4% | 11 | +13 |
| 18 | Enterprise Bank & Trust | 7(a) | 23 | $33.6M | 1.4% | 24 | -1 |
| 19 | UniBank | 7(a) | 23 | $31.5M | 1.4% | 38 | -15 |
| 20 | Celtic Bank Corporation | 7(a) | 20 | $31.1M | 1.2% | 9 | +11 |
| 21 | Commonwealth Business Bank | 7(a) | 20 | $30.7M | 1.2% | 7 | +13 |
| 22 | Mountain Pacific Bank | 7(a) | 19 | $27.1M | 1.1% | 21 | -2 |
| 23 | United Midwest Savings Bank National Association | 7(a) | 17 | $4.0M | 1.0% | 14 | +3 |
| 24 | Glacier Bank | 7(a) | 16 | $23.3M | 1.0% | 7 | +9 |
| 25 | First-Citizens Bank & Trust Company | 7(a) | 16 | $21.0M | 1.0% | 9 | +7 |
| 26 | Timberland Bank | 7(a) | 16 | $3.6M | 1.0% | 8 | +8 |
| 27 | Open Bank | 7(a) | 15 | $24.4M | 0.9% | 10 | +5 |
| 28 | Bank of Hope | 7(a) | 15 | $23.5M | 0.9% | 15 | 0 |
| 29 | Bank of America, National Association | 7(a) | 15 | $3.2M | 0.9% | 11 | +4 |
| 30 | PCB Bank | 7(a) | 14 | $41.2M | 0.8% | 10 | +4 |
| 31 | Northwest Bank | 7(a) | 14 | $11.9M | 0.8% | 35 | -21 |
| 32 | Sound Credit Union | 7(a) | 13 | $7.2M | 0.8% | 8 | +5 |
| 33 | US Metro Bank | 7(a) | 11 | $23.7M | 0.7% | 7 | +4 |
| 34 | Metro City Bank | 7(a) | 11 | $18.4M | 0.7% | 4 | +7 |
| 35 | BMO Bank National Association | 7(a) | 11 | $13.7M | 0.7% | 15 | -4 |
| 36 | First Interstate Bank | 7(a) | 10 | $3.8M | 0.6% | 2 | +8 |
| 37 | Seattle Economic Development Fund dba Community Ca | 7(a) | 10 | $1.5M | 0.6% | 11 | -1 |
| 38 | Coastal Community Bank | 7(a) | 9 | $4.8M | 0.5% | 8 | +1 |
| 39 | BayFirst National Bank | 7(a) | 8 | $5.8M | 0.5% | 13 | -5 |
| 40 | First Fed Bank | 7(a) | 8 | $5.3M | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 465 | $378M | 28.0% | 467 | -2 |
| 2 | Pierce County | 270 | $223M | 16.3% | 184 | +86 |
| 3 | Snohomish County | 184 | $157M | 11.1% | 149 | +35 |
| 4 | Spokane County | 115 | $80.6M | 6.9% | 100 | +15 |
| 5 | Clark County | 96 | $73.3M | 5.8% | 100 | -4 |
| 6 | Thurston County | 66 | $48.7M | 4.0% | 50 | +16 |
| 7 | Yakima County | 57 | $42.5M | 3.4% | 23 | +34 |
| 8 | Whatcom County | 54 | $39.3M | 3.3% | 33 | +21 |
| 9 | Kitsap County | 46 | $32.1M | 2.8% | 51 | -5 |
| 10 | Benton County | 32 | $20.2M | 1.9% | 26 | +6 |
| 11 | Franklin County | 27 | $17.6M | 1.6% | 16 | +11 |
| 12 | Skagit County | 25 | $20.9M | 1.5% | 23 | +2 |
| 13 | Grant County | 24 | $20.5M | 1.4% | 27 | -3 |
| 14 | Chelan County | 20 | $24.4M | 1.2% | 11 | +9 |
| 15 | Lewis County | 18 | $17.2M | 1.1% | 12 | +6 |
| 16 | Grays Harbor County | 15 | $15.4M | 0.9% | 11 | +4 |
| 17 | Cowlitz County | 14 | $8.4M | 0.8% | 14 | 0 |
| 18 | Stevens County | 13 | $1.4M | 0.8% | 11 | +2 |
| 19 | Klickitat County | 13 | $4.7M | 0.8% | 0 | new |
| 20 | Island County | 11 | $10.7M | 0.7% | 13 | -2 |
| 21 | Clallam County | 11 | $5.4M | 0.7% | 10 | +1 |
| 22 | Adams County | 11 | $2.6M | 0.7% | 5 | +6 |
| 23 | Walla Walla County | 10 | $7.5M | 0.6% | 6 | +4 |
| 24 | Mason County | 10 | $3.2M | 0.6% | 6 | +4 |
| 25 | Whitman County | 8 | $1.6M | 0.5% | 8 | 0 |
| 26 | Douglas County | 8 | $6.1M | 0.5% | 3 | +5 |
| 27 | San Juan County | 7 | $4.1M | 0.4% | 3 | +4 |
| 28 | Kittitas County | 6 | $10.6M | 0.4% | 8 | -2 |
| 29 | Pend Oreille County | 5 | $906K | 0.3% | 5 | 0 |
| 30 | Okanogan County | 5 | $3.1M | 0.3% | 5 | 0 |
| 31 | Asotin County | 4 | $1.2M | 0.2% | 1 | +3 |
| 32 | Pacific County | 3 | $5.5M | 0.2% | 1 | +2 |
| 33 | Jefferson County | 2 | — | 0.1% | 2 | 0 |
| 34 | Wahkiakum County | 2 | — | 0.1% | 2 | 0 |
| 35 | Skamania County | 1 | — | 0.1% | 0 | new |
| 36 | Lincoln County | 1 | — | 0.1% | 3 | -2 |
| 37 | Ferry County | 1 | — | 0.1% | 1 | 0 |
FY2021 against FY2020
| Washington | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 1,460 | 1,229 |
| 7(a) dollars | $1.10bn | $741M |
| Median 7(a) approval | $345K | $250K |
| 504 approvals | 200 | 163 |
| 504 dollars | $192M | $154M |
| Jobs supported, as reported | 16,541 | 13,274 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2021?
Columbia Bank (230), KeyBank National Association (140), Banner Bank (139), U.S. Bank, National Association (106), Northwest Business Development Association (84). 126 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2021?
1,660: 1,460 under 7(a) worth $1.10bn and 200 under 504 worth $192M.
Which Washington counties had the most SBA approvals in FY2021?
King County (465), Pierce County (270), Snohomish County (184), Spokane County (115), Clark County (96).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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