States › Washington › FY2024
FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Washington, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 1,975 loans in Washington: 1,869 under 7(a) and 106 under 504, worth $1.09bn.
That is up 31% on FY2023, when there were 1,513 approvals worth $958M.
Washington accounted for 2.6% of the 76,235 approvals nationwide that year. 112 lenders had at least one approval in the state; Columbia Bank had the most, 264.
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 FY2024, of 112 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 7(a) | 264 | $19.9M | 13.4% | 114 | +150 |
| 2 | U.S. Bank, National Association | 7(a) | 162 | $61.2M | 8.2% | 121 | +41 |
| 3 | Banner Bank | 7(a) | 136 | $26.7M | 6.9% | 112 | +24 |
| 4 | KeyBank National Association | 7(a) | 112 | $44.8M | 5.7% | 161 | -49 |
| 5 | Washington Trust Bank | 7(a) | 100 | $40.6M | 5.1% | 60 | +40 |
| 6 | Readycap Lending, LLC | 7(a) | 90 | $83.7M | 4.6% | 39 | +51 |
| 7 | BayFirst National Bank | 7(a) | 77 | $10.6M | 3.9% | 62 | +15 |
| 8 | The Huntington National Bank | 7(a) | 61 | $21.2M | 3.1% | 41 | +20 |
| 9 | Newtek Bank, National Association | 7(a) | 59 | $36.8M | 3.0% | 18 | +41 |
| 10 | Northeast Bank | 7(a) | 58 | $8.0M | 2.9% | 12 | +46 |
| 11 | Sound Credit Union | 7(a) | 54 | $11.4M | 2.7% | 26 | +28 |
| 12 | JPMorgan Chase Bank, National Association | 7(a) | 53 | $15.5M | 2.7% | 22 | +31 |
| 13 | Gesa CU | 7(a) | 43 | $32.4M | 2.2% | 36 | +7 |
| 14 | Wells Fargo Bank National Association | 7(a) | 43 | $19.8M | 2.2% | 38 | +5 |
| 15 | Evergreen Business Capital | 504 | 41 | $47.3M | 2.1% | 32 | +9 |
| 16 | Northwest Business Development Association | 504 | 35 | $47.4M | 1.8% | 45 | -10 |
| 17 | Live Oak Banking Company | 7(a) | 35 | $46.4M | 1.8% | 24 | +11 |
| 18 | Heritage Bank | 7(a) | 34 | $16.5M | 1.7% | 26 | +8 |
| 19 | Bank of America, National Association | 7(a) | 31 | $18.4M | 1.6% | 30 | +1 |
| 20 | Celtic Bank Corporation | 7(a) | 27 | $32.5M | 1.4% | 23 | +4 |
| 21 | Harborstone CU | 7(a) | 26 | $12.2M | 1.3% | 19 | +7 |
| 22 | Bank of Hope | 7(a) | 18 | $34.9M | 0.9% | 10 | +8 |
| 23 | Ameritrust CDC | 504 | 18 | $18.8M | 0.9% | 17 | +1 |
| 24 | Hanmi Bank | 7(a) | 17 | $17.4M | 0.9% | 27 | -10 |
| 25 | Lendistry SBLC, LLC | 7(a) | 17 | $3.6M | 0.9% | 3 | +14 |
| 26 | First Bank of the Lake | 7(a) | 14 | $4.2M | 0.7% | 3 | +11 |
| 27 | PCB Bank | 7(a) | 13 | $27.4M | 0.7% | 7 | +6 |
| 28 | Enterprise Bank & Trust | 7(a) | 13 | $9.2M | 0.7% | 14 | -1 |
| 29 | United Midwest Savings Bank National Association | 7(a) | 13 | $4.7M | 0.7% | 12 | +1 |
| 30 | Peoples Bank | 7(a) | 12 | $6.4M | 0.6% | 22 | -10 |
| 31 | Open Bank | 7(a) | 11 | $21.9M | 0.6% | 1 | +10 |
| 32 | Northwest Bank | 7(a) | 11 | $18.4M | 0.6% | 11 | 0 |
| 33 | HAPO Community CU | 7(a) | 11 | $1.3M | 0.6% | 23 | -12 |
| 34 | First Internet Bank of Indiana | 7(a) | 10 | $13.5M | 0.5% | 6 | +4 |
| 35 | First Interstate Bank | 7(a) | 10 | $6.8M | 0.5% | 8 | +2 |
| 36 | Mountain Pacific Bank | 7(a) | 9 | $20.5M | 0.5% | 6 | +3 |
| 37 | Harvest Small Business Finance, LLC | 7(a) | 9 | $11.5M | 0.5% | 7 | +2 |
| 38 | GBC International Bank | 7(a) | 9 | $10.0M | 0.5% | 8 | +1 |
| 39 | Idaho Central CU | 7(a) | 9 | $5.9M | 0.5% | 5 | +4 |
| 40 | Timberland Bank | 7(a) | 9 | $3.9M | 0.5% | 24 | -15 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 659 | $382M | 33.4% | 526 | +133 |
| 2 | Pierce County | 248 | $136M | 12.6% | 206 | +42 |
| 3 | Snohomish County | 236 | $141M | 11.9% | 149 | +87 |
| 4 | Clark County | 126 | $55.3M | 6.4% | 118 | +8 |
| 5 | Spokane County | 123 | $65.9M | 6.2% | 113 | +10 |
| 6 | Kitsap County | 63 | $16.8M | 3.2% | 39 | +24 |
| 7 | Thurston County | 63 | $39.8M | 3.2% | 54 | +9 |
| 8 | Whatcom County | 58 | $37.0M | 2.9% | 31 | +27 |
| 9 | Benton County | 52 | $18.1M | 2.6% | 47 | +5 |
| 10 | Yakima County | 50 | $37.4M | 2.5% | 44 | +6 |
| 11 | Skagit County | 41 | $24.1M | 2.1% | 25 | +16 |
| 12 | Cowlitz County | 26 | $12.4M | 1.3% | 7 | +19 |
| 13 | Grant County | 26 | $22.6M | 1.3% | 20 | +6 |
| 14 | Grays Harbor County | 19 | $21.5M | 1.0% | 7 | +12 |
| 15 | Clallam County | 18 | $7.9M | 0.9% | 6 | +12 |
| 16 | Mason County | 17 | $6.5M | 0.9% | 6 | +11 |
| 17 | Lewis County | 15 | $6.5M | 0.8% | 10 | +5 |
| 18 | Kittitas County | 15 | $5.2M | 0.8% | 7 | +8 |
| 19 | Whitman County | 12 | $2.0M | 0.6% | 4 | +8 |
| 20 | Island County | 11 | $6.2M | 0.6% | 12 | -1 |
| 21 | Walla Walla County | 11 | $5.5M | 0.6% | 15 | -4 |
| 22 | Chelan County | 11 | $11.4M | 0.6% | 15 | -4 |
| 23 | Douglas County | 10 | $803K | 0.5% | 3 | +7 |
| 24 | Franklin County | 8 | $1.3M | 0.4% | 12 | -4 |
| 25 | Stevens County | 7 | $698K | 0.4% | 7 | 0 |
| 26 | Klickitat County | 7 | $1.1M | 0.4% | 2 | +5 |
| 27 | Jefferson County | 7 | $3.2M | 0.4% | 10 | -3 |
| 28 | Adams County | 7 | $5.8M | 0.4% | 2 | +5 |
| 29 | Okanogan County | 7 | $8.0M | 0.4% | 7 | 0 |
| 30 | San Juan County | 5 | $2.9M | 0.3% | 2 | +3 |
| 31 | Columbia County | 4 | $2.0M | 0.2% | 3 | +1 |
| 32 | Pend Oreille County | 4 | $1.5M | 0.2% | 0 | new |
| 33 | Pacific County | 3 | $3.4M | 0.2% | 1 | +2 |
| 34 | Skamania County | 2 | — | 0.1% | 0 | new |
| 35 | Lincoln County | 2 | — | 0.1% | 1 | +1 |
| 36 | Ferry County | 2 | — | 0.1% | 0 | new |
FY2024 against FY2023
| Washington | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 1,869 | 1,415 |
| 7(a) dollars | $965M | $842M |
| Median 7(a) approval | $150K | $200K |
| 504 approvals | 106 | 98 |
| 504 dollars | $130M | $115M |
| Jobs supported, as reported | 17,608 | 14,696 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2024?
Columbia Bank (264), U.S. Bank, National Association (162), Banner Bank (136), KeyBank National Association (112), Washington Trust Bank (100). 112 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2024?
1,975: 1,869 under 7(a) worth $965M and 106 under 504 worth $130M.
Which Washington counties had the most SBA approvals in FY2024?
King County (659), Pierce County (248), Snohomish County (236), Clark County (126), Spokane County (123).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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