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Some Washington-based banks were among the largest lenders to “The Evergreen State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in Washington:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 189 | $274,949 | 7.1% |
| 2 | Banner Bank | Walla Walla, WA | 172 | $153,162 | 6.1% |
| 3 | KeyBank | Cleveland, OH | 135 | $492,001 | 6.4% |
| 4 | Wells Fargo | Sioux Falls, SD | 122 | $317,616 | 7.9% |
| 5 | JPMorgan Chase Bank | Columbus, OH | 65 | $321,285 | 6.9% |
| 6 | Washington Trust Bank | Spokane, WA | 55 | $358,309 | 6.2% |
| 7 | Umpqua Bank | Roseburg, OR | 45 | $757,840 | 6.0% |
| 8 | Columbia State Bank | Tacoma, WA | 43 | $316,474 | 6.1% |
| 9 | Heritage Bank | Olympia, WA | 41 | $569,171 | 6.1% |
| 10 | Hana Small Business Lending | Los Angeles, CA | 38 | $811,605 | 6.0% |
| 11 | HomeStreet Bank | Seattle, WA | 30 | $480,230 | 6.2% |
| 12 | Stearns Bank | Saint Cloud, MN | 29 | $578,524 | 6.8% |
| 13 | Live Oak | Wilmington, NC | 27 | $1,778,481 | 6.1% |
| 14 | First Home Bank | Seminole, FL | 26 | $240,558 | 6.8% |
| 15 | Kitsap Bank | Port Orchard, WA | 26 | $267,923 | 6.4% |
| 16 | Mountain Pacific Bank | Everett, WA | 26 | $1,290,673 | 6.0% |
| 17 | Northwest Bank | Boise, ID | 26 | $365,234 | 6.5% |
| 18 | Bank of the West | San Francisco, CA | 24 | $431,971 | 6.1% |
| 19 | Celtic Bank | Salt Lake City, UT | 24 | $461,271 | 6.7% |
| 20 | SaviBank | Burlington, WA | 24 | $517,642 | 6.5% |
| 21 | Seacoast Commerce Bank | San Diego, CA | 24 | $1,047,517 | 6.1% |
| 22 | Bank of Hope | Los Angeles, CA | 22 | $1,901,936 | 5.7% |
| 23 | Pacific City Bank | Los Angeles, CA | 22 | $2,009,545 | 5.6% |
| 24 | Whatcom Educational CU | Bellingham, WA | 20 | $83,970 | 6.2% |
| 25 | Glacier Bank | Kalispell, MT | 19 | $230,184 | 6.3% |
| 26 | Coastal Community Bank | Everett, WA | 18 | $254,117 | 7.1% |
| 27 | UniBank | Lynnwood, WA | 16 | $815,438 | 5.6% |
| 28 | Hanmi Bank | Los Angeles, CA | 14 | $749,300 | 5.8% |
| 29 | Five Star Bank | Rocklin, CA | 13 | $234,615 | 6.9% |
| 30 | Sound CU | Tacoma, WA | 13 | $284,238 | 8.0% |