States › Washington › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Washington, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 2,333 loans in Washington: 2,217 under 7(a) and 116 under 504, worth $1.25bn.
That is up 18% on FY2024, when there were 1,975 approvals worth $1.09bn.
Washington accounted for 2.7% of the 84,840 approvals nationwide that year. 127 lenders had at least one approval in the state; Columbia Bank had the most, 252.
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 FY2025, of 127 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 7(a) | 252 | $26.8M | 10.8% | 264 | -12 |
| 2 | U.S. Bank, National Association | 7(a) | 193 | $67.3M | 8.3% | 162 | +31 |
| 3 | Northeast Bank | 7(a) | 180 | $28.4M | 7.7% | 58 | +122 |
| 4 | KeyBank National Association | 7(a) | 137 | $42.7M | 5.9% | 112 | +25 |
| 5 | Banner Bank | 7(a) | 133 | $32.0M | 5.7% | 136 | -3 |
| 6 | Readycap Lending, LLC | 7(a) | 102 | $110M | 4.4% | 90 | +12 |
| 7 | Newtek Bank, National Association | 7(a) | 88 | $34.9M | 3.8% | 59 | +29 |
| 8 | Washington Trust Bank | 7(a) | 66 | $40.3M | 2.8% | 100 | -34 |
| 9 | Sound Credit Union | 7(a) | 62 | $7.8M | 2.7% | 54 | +8 |
| 10 | BayFirst National Bank | 7(a) | 58 | $9.5M | 2.5% | 77 | -19 |
| 11 | Live Oak Banking Company | 7(a) | 55 | $80.5M | 2.4% | 35 | +20 |
| 12 | JPMorgan Chase Bank, National Association | 7(a) | 51 | $14.8M | 2.2% | 53 | -2 |
| 13 | Evergreen Business Capital | 504 | 46 | $49.2M | 2.0% | 41 | +5 |
| 14 | Wells Fargo Bank National Association | 7(a) | 45 | $19.8M | 1.9% | 43 | +2 |
| 15 | Heritage Bank | 7(a) | 42 | $36.2M | 1.8% | 34 | +8 |
| 16 | The Huntington National Bank | 7(a) | 41 | $21.4M | 1.8% | 61 | -20 |
| 17 | Gesa CU | 7(a) | 39 | $22.0M | 1.7% | 43 | -4 |
| 18 | Northwest Business Development Association | 504 | 37 | $36.8M | 1.6% | 35 | +2 |
| 19 | Lendistry SBLC, LLC | 7(a) | 36 | $7.1M | 1.5% | 17 | +19 |
| 20 | Harborstone CU | 7(a) | 35 | $19.8M | 1.5% | 26 | +9 |
| 21 | Bank of America, National Association | 7(a) | 35 | $16.5M | 1.5% | 31 | +4 |
| 22 | Celtic Bank Corporation | 7(a) | 33 | $19.6M | 1.4% | 27 | +6 |
| 23 | Hanmi Bank | 7(a) | 30 | $20.5M | 1.3% | 17 | +13 |
| 24 | Ameritrust CDC | 504 | 25 | $33.2M | 1.1% | 18 | +7 |
| 25 | East West Bank | 7(a) | 23 | $11.7M | 1.0% | 1 | +22 |
| 26 | First Internet Bank of Indiana | 7(a) | 22 | $34.1M | 0.9% | 10 | +12 |
| 27 | RiverBank | 7(a) | 22 | $14.0M | 0.9% | 8 | +14 |
| 28 | WaFd Bank | 7(a) | 19 | $572K | 0.8% | 0 | new |
| 29 | Numerica CU | 7(a) | 18 | $3.8M | 0.8% | 8 | +10 |
| 30 | Harvest Small Business Finance, LLC | 7(a) | 17 | $18.9M | 0.7% | 9 | +8 |
| 31 | Mountain Pacific Bank | 7(a) | 16 | $30.5M | 0.7% | 9 | +7 |
| 32 | GBC International Bank | 7(a) | 16 | $7.7M | 0.7% | 9 | +7 |
| 33 | Bank of Hope | 7(a) | 15 | $15.6M | 0.6% | 18 | -3 |
| 34 | First Bank of the Lake | 7(a) | 14 | $17.7M | 0.6% | 14 | 0 |
| 35 | 1st Security Bank of Washington | 7(a) | 13 | $5.5M | 0.6% | 9 | +4 |
| 36 | United Midwest Savings Bank National Association | 7(a) | 12 | $8.3M | 0.5% | 13 | -1 |
| 37 | Peoples Bank | 7(a) | 12 | $5.9M | 0.5% | 12 | 0 |
| 38 | First Interstate Bank | 7(a) | 12 | $5.5M | 0.5% | 10 | +2 |
| 39 | Glacier Bank | 7(a) | 11 | $3.8M | 0.5% | 8 | +3 |
| 40 | Enterprise Bank & Trust | 7(a) | 10 | $17.3M | 0.4% | 13 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | King County | 770 | $404M | 33.0% | 659 | +111 |
| 2 | Pierce County | 289 | $139M | 12.4% | 248 | +41 |
| 3 | Snohomish County | 217 | $159M | 9.3% | 236 | -19 |
| 4 | Clark County | 177 | $83.2M | 7.6% | 126 | +51 |
| 5 | Spokane County | 168 | $79.1M | 7.2% | 123 | +45 |
| 6 | Thurston County | 85 | $67.8M | 3.6% | 63 | +22 |
| 7 | Kitsap County | 68 | $30.3M | 2.9% | 63 | +5 |
| 8 | Whatcom County | 68 | $36.4M | 2.9% | 58 | +10 |
| 9 | Yakima County | 59 | $29.5M | 2.5% | 50 | +9 |
| 10 | Benton County | 55 | $23.6M | 2.4% | 52 | +3 |
| 11 | Skagit County | 42 | $30.5M | 1.8% | 41 | +1 |
| 12 | Grant County | 31 | $13.2M | 1.3% | 26 | +5 |
| 13 | Chelan County | 30 | $15.7M | 1.3% | 11 | +19 |
| 14 | Lewis County | 28 | $11.1M | 1.2% | 15 | +13 |
| 15 | Franklin County | 25 | $13.4M | 1.1% | 8 | +17 |
| 16 | Cowlitz County | 21 | $10.6M | 0.9% | 26 | -5 |
| 17 | Clallam County | 19 | $15.8M | 0.8% | 18 | +1 |
| 18 | Mason County | 18 | $16.9M | 0.8% | 17 | +1 |
| 19 | Kittitas County | 18 | $10.9M | 0.8% | 15 | +3 |
| 20 | Island County | 17 | $3.9M | 0.7% | 11 | +6 |
| 21 | Walla Walla County | 16 | $5.6M | 0.7% | 11 | +5 |
| 22 | Whitman County | 13 | $1.6M | 0.6% | 12 | +1 |
| 23 | Klickitat County | 13 | $2.4M | 0.6% | 7 | +6 |
| 24 | Grays Harbor County | 12 | $11.6M | 0.5% | 19 | -7 |
| 25 | San Juan County | 11 | $1.6M | 0.5% | 5 | +6 |
| 26 | Okanogan County | 11 | $1.1M | 0.5% | 7 | +4 |
| 27 | Lincoln County | 11 | $4.0M | 0.5% | 2 | +9 |
| 28 | Adams County | 9 | $5.5M | 0.4% | 7 | +2 |
| 29 | Douglas County | 8 | $9.0M | 0.3% | 10 | -2 |
| 30 | Skamania County | 5 | $226K | 0.2% | 2 | +3 |
| 31 | Pacific County | 5 | $7.3M | 0.2% | 3 | +2 |
| 32 | Jefferson County | 5 | $2.7M | 0.2% | 7 | -2 |
| 33 | Stevens County | 4 | $512K | 0.2% | 7 | -3 |
| 34 | Ferry County | 3 | $6.2M | 0.1% | 2 | +1 |
| 35 | Asotin County | 1 | — | 0.0% | 0 | new |
| 36 | Wahkiakum County | 1 | — | 0.0% | 0 | new |
FY2025 against FY2024
| Washington | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 2,217 | 1,869 |
| 7(a) dollars | $1.13bn | $965M |
| Median 7(a) approval | $150K | $150K |
| 504 approvals | 116 | 106 |
| 504 dollars | $127M | $130M |
| Jobs supported, as reported | 18,653 | 17,608 |
Questions and answers
Which lenders made the most SBA loans in Washington in FY2025?
Columbia Bank (252), U.S. Bank, National Association (193), Northeast Bank (180), KeyBank National Association (137), Banner Bank (133). 127 lenders had at least one approval.
How many SBA loans were approved in Washington in FY2025?
2,333: 2,217 under 7(a) worth $1.13bn and 116 under 504 worth $127M.
Which Washington counties had the most SBA approvals in FY2025?
King County (770), Pierce County (289), Snohomish County (217), Clark County (177), Spokane County (168).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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