States › Washington › FY2023
FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Washington, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 1,513 loans in Washington: 1,415 under 7(a) and 98 under 504, worth $958M.
That is about level with FY2022, when there were 1,424 approvals worth $983M.
Washington accounted for 2.4% of the 63,286 approvals nationwide that year. 121 lenders had at least one approval in the state; KeyBank National Association had the most, 161.
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 FY2023, of 121 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | KeyBank National Association | 7(a) | 161 | $50.2M | 10.6% | 110 | +51 |
| 2 | U.S. Bank, National Association | 7(a) | 121 | $20.1M | 8.0% | 107 | +14 |
| 3 | Columbia Bank | 7(a) | 114 | $44.0M | 7.5% | 201 | -87 |
| 4 | Banner Bank | 7(a) | 112 | $24.9M | 7.4% | 87 | +25 |
| 5 | BayFirst National Bank | 7(a) | 62 | $10.2M | 4.1% | 17 | +45 |
| 6 | Washington Trust Bank | 7(a) | 60 | $36.6M | 4.0% | 23 | +37 |
| 7 | Northwest Business Development Association | 504 | 45 | $49.6M | 3.0% | 76 | -31 |
| 8 | The Huntington National Bank | 7(a) | 41 | $14.1M | 2.7% | 30 | +11 |
| 9 | Readycap Lending, LLC | 7(a) | 39 | $63.5M | 2.6% | 32 | +7 |
| 10 | Wells Fargo Bank National Association | 7(a) | 38 | $6.0M | 2.5% | 44 | -6 |
| 11 | Gesa CU | 7(a) | 36 | $29.3M | 2.4% | 3 | +33 |
| 12 | Evergreen Business Capital | 504 | 32 | $41.6M | 2.1% | 66 | -34 |
| 13 | Bank of America, National Association | 7(a) | 30 | $14.6M | 2.0% | 27 | +3 |
| 14 | Hanmi Bank | 7(a) | 27 | $23.3M | 1.8% | 19 | +8 |
| 15 | Heritage Bank | 7(a) | 26 | $22.6M | 1.7% | 26 | 0 |
| 16 | Sound Credit Union | 7(a) | 26 | $5.0M | 1.7% | 24 | +2 |
| 17 | Live Oak Banking Company | 7(a) | 24 | $38.0M | 1.6% | 33 | -9 |
| 18 | Timberland Bank | 7(a) | 24 | $11.0M | 1.6% | 20 | +4 |
| 19 | Celtic Bank Corporation | 7(a) | 23 | $39.3M | 1.5% | 18 | +5 |
| 20 | HAPO Community CU | 7(a) | 23 | $2.1M | 1.5% | 15 | +8 |
| 21 | Peoples Bank | 7(a) | 22 | $10.9M | 1.5% | 5 | +17 |
| 22 | JPMorgan Chase Bank, National Association | 7(a) | 22 | $5.7M | 1.5% | 20 | +2 |
| 23 | Newtek Small Business Finance, Inc. | 7(a) | 20 | $13.7M | 1.3% | 33 | -13 |
| 24 | Harborstone CU | 7(a) | 19 | $15.7M | 1.3% | 21 | -2 |
| 25 | Newtek Bank, National Association | 7(a) | 18 | $3.9M | 1.2% | 0 | new |
| 26 | Ameritrust CDC | 504 | 17 | $19.9M | 1.1% | 25 | -8 |
| 27 | Enterprise Bank & Trust | 7(a) | 14 | $13.9M | 0.9% | 24 | -10 |
| 28 | Glacier Bank | 7(a) | 14 | $7.1M | 0.9% | 14 | 0 |
| 29 | BMO Bank National Association | 7(a) | 13 | $16.6M | 0.9% | 11 | +2 |
| 30 | United Midwest Savings Bank National Association | 7(a) | 12 | $8.1M | 0.8% | 8 | +4 |
| 31 | Northeast Bank | 7(a) | 12 | $728K | 0.8% | 2 | +10 |
| 32 | Commonwealth Business Bank | 7(a) | 11 | $21.2M | 0.7% | 16 | -5 |
| 33 | Northwest Bank | 7(a) | 11 | $16.8M | 0.7% | 3 | +8 |
| 34 | Bank of Hope | 7(a) | 10 | $23.4M | 0.7% | 13 | -3 |
| 35 | Numerica CU | 7(a) | 10 | $4.3M | 0.7% | 23 | -13 |
| 36 | Metro City Bank | 7(a) | 8 | $10.5M | 0.5% | 2 | +6 |
| 37 | Citizens Bank | 7(a) | 8 | $6.4M | 0.5% | 2 | +6 |
| 38 | GBC International Bank | 7(a) | 8 | $5.1M | 0.5% | 11 | -3 |
| 39 | First Interstate Bank | 7(a) | 8 | $4.2M | 0.5% | 9 | -1 |
| 40 | PCB Bank | 7(a) | 7 | $11.1M | 0.5% | 7 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 526 | $308M | 34.8% | 445 | +81 |
| 2 | Pierce County | 206 | $120M | 13.6% | 188 | +18 |
| 3 | Snohomish County | 149 | $127M | 9.8% | 154 | -5 |
| 4 | Clark County | 118 | $112M | 7.8% | 97 | +21 |
| 5 | Spokane County | 113 | $62.7M | 7.5% | 94 | +19 |
| 6 | Thurston County | 54 | $28.2M | 3.6% | 52 | +2 |
| 7 | Benton County | 47 | $16.1M | 3.1% | 50 | -3 |
| 8 | Yakima County | 44 | $12.0M | 2.9% | 42 | +2 |
| 9 | Kitsap County | 39 | $20.2M | 2.6% | 41 | -2 |
| 10 | Whatcom County | 31 | $22.9M | 2.0% | 48 | -17 |
| 11 | Skagit County | 25 | $29.2M | 1.7% | 40 | -15 |
| 12 | Grant County | 20 | $18.3M | 1.3% | 15 | +5 |
| 13 | Walla Walla County | 15 | $9.3M | 1.0% | 11 | +4 |
| 14 | Chelan County | 15 | $7.9M | 1.0% | 11 | +4 |
| 15 | Island County | 12 | $6.9M | 0.8% | 7 | +5 |
| 16 | Franklin County | 12 | $4.0M | 0.8% | 6 | +6 |
| 17 | Lewis County | 10 | $9.3M | 0.7% | 6 | +4 |
| 18 | Jefferson County | 10 | $8.1M | 0.7% | 6 | +4 |
| 19 | Grays Harbor County | 7 | $5.7M | 0.5% | 9 | -2 |
| 20 | Cowlitz County | 7 | $5.7M | 0.5% | 14 | -7 |
| 21 | Stevens County | 7 | $1.7M | 0.5% | 12 | -5 |
| 22 | Kittitas County | 7 | $743K | 0.5% | 9 | -2 |
| 23 | Okanogan County | 7 | $3.9M | 0.5% | 6 | +1 |
| 24 | Clallam County | 6 | $5.0M | 0.4% | 11 | -5 |
| 25 | Mason County | 6 | $3.7M | 0.4% | 6 | 0 |
| 26 | Whitman County | 4 | $140K | 0.3% | 11 | -7 |
| 27 | Columbia County | 3 | $1.3M | 0.2% | 3 | 0 |
| 28 | Douglas County | 3 | $2.0M | 0.2% | 5 | -2 |
| 29 | San Juan County | 2 | — | 0.1% | 4 | -2 |
| 30 | Klickitat County | 2 | — | 0.1% | 3 | -1 |
| 31 | Adams County | 2 | — | 0.1% | 1 | +1 |
| 32 | Pacific County | 1 | — | 0.1% | 3 | -2 |
| 33 | Asotin County | 1 | — | 0.1% | 2 | -1 |
| 34 | Lincoln County | 1 | — | 0.1% | 6 | -5 |
| 35 | Garfield County | 1 | — | 0.1% | 0 | new |
FY2023 against FY2022
| Washington | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 1,415 | 1,252 |
| 7(a) dollars | $842M | $807M |
| Median 7(a) approval | $200K | $250K |
| 504 approvals | 98 | 172 |
| 504 dollars | $115M | $176M |
| Jobs supported, as reported | 14,696 | 14,562 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2023?
KeyBank National Association (161), U.S. Bank, National Association (121), Columbia Bank (114), Banner Bank (112), BayFirst National Bank (62). 121 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2023?
1,513: 1,415 under 7(a) worth $842M and 98 under 504 worth $115M.
Which Washington counties had the most SBA approvals in FY2023?
King County (526), Pierce County (206), Snohomish County (149), Clark County (118), Spokane County (113).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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