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Commencement Bank

Tacoma, WA 98402

12
Loans Approved
$8.4M
Total Volume
$697K
Avg Loan Size
1
States Served

States Served

Washington

Top Industries Financed

  • Nursing Care Facilities
  • All Other Miscellaneous Store Retailers (except Tobacco Stores)
  • Machine Shops
  • Offices of Chiropractors
  • Caterers

Quick Summary

Commencement Bank is an SBA-approved lender headquartered in Tacoma, Washington. Since 2020, they have approved 12 SBA 7(a) loans totaling $8.4M, with an average loan size of $697K. They primarily serve Washington businesses.

About Commencement Bank

Commencement Bank is an SBA-approved lender headquartered in Tacoma, Washington. Since 2020, they have approved 12 SBA 7(a) loans totaling $8.4M, with an average loan size of $697K. They primarily serve businesses in Washington.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Commencement Bank an SBA Preferred Lender?

Commencement Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Commencement Bank approved?

According to SBA FOIA public records, Commencement Bank has approved 12 SBA 7(a) loans totaling $8.4M since 2020. Their average loan size is $697K.

What states does Commencement Bank serve?

Commencement Bank primarily serves businesses in Washington.

How do I apply for an SBA loan with Commencement Bank?

To apply for an SBA 7(a) loan with Commencement Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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