apply for a Washington SBA Loan
Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
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 SBA Lenders in Washington:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 444 | $227,765 | 7.7% |
| 2 | Banner Bank | Walla Walla, WA | 150 | $255,150 | 7.2% |
| 3 | Columbia State Bank | Tacoma, WA | 150 | $186,987 | 7.7% |
| 4 | KeyBank | Cleveland, OH | 85 | $511,522 | 7.7% |
| 5 | Wells Fargo | Sioux Falls, SD | 55 | $450,860 | 8.9% |
| 6 | Washington Trust Bank | Spokane, WA | 54 | $281,883 | 6.3% |
| 7 | JPMorgan Chase Bank | Columbus, OH | 50 | $284,030 | 8.0% |
| 8 | Umpqua Bank | Roseburg, OR | 47 | $776,677 | 7.4% |
| 9 | Heritage Bank | Olympia, WA | 37 | $739,703 | 7.2% |
| 10 | First Home Bank | Saint Petersburg, FL | 34 | $138,382 | 8.2% |
| 11 | Northwest Bank | Boise, ID | 30 | $649,563 | 7.5% |
| 12 | Live Oak | Wilmington, NC | 29 | $1,181,138 | 7.3% |
| 13 | Bank of Hope | Los Angeles, CA | 27 | $1,074,500 | 6.7% |
| 14 | Readycap Lending, LLC | Berkeley Heights, NJ | 23 | $1,513,174 | 7.2% |
| 15 | GBC International Bank | Los Angeles, CA | 23 | $489,757 | 7.2% |
| 16 | UniBank | Lynnwood, WA | 21 | $1,284,857 | 6.8% |
| 17 | Stearns Bank | Saint Cloud, MN | 21 | $461,386 | 8.0% |
| 18 | Seacoast Commerce Bank | San Diego, CA | 20 | $1,144,265 | 7.1% |
| 19 | Numerica CU | Spokane Valley, WA | 20 | $260,300 | 7.7% |
| 20 | United Midwest Savings Bank | De Graff, OH | 20 | $204,100 | 8.0% |
| 21 | Commonwealth Business Bank | Los Angeles, CA | 19 | $1,289,474 | 7.0% |
| 22 | SaviBank | Mount Vernon, WA | 17 | $483,971 | 7.7% |
| 23 | Hanmi Bank | Los Angeles, CA | 15 | $748,533 | 7.0% |
| 24 | Pacific City Bank | Los Angeles, CA | 14 | $1,821,643 | 6.5% |
| 25 | Independence Bank | East Greenwich, RI | 14 | $146,429 | 6.6% |
| 26 | Mountain Pacific Bank | Everett, WA | 12 | $2,065,958 | 7.0% |
| 27 | Open Bank | Los Angeles, CA | 11 | $1,047,545 | 7.1% |
| 28 | Celtic Bank | Salt Lake City, UT | 11 | $729,445 | 8.1% |
| 29 | Coastal Community Bank | Everett, WA | 11 | $647,982 | 7.1% |
| 30 | Timberland Bank | Hoquiam, WA | 11 | $332,773 | 7.3% |
applY for a Washington SBA Loan