SBA Lenders in Washington
34 active SBA lenders · 3,707 loans approved · $1.7B total volume
All SBA Lenders in Washington
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Banner Bank | WALLA WALLA | 1,377 | $341.9M | $248K | ⭐ |
| Washington Trust Bank | SPOKANE | 456 | $238.1M | $522K | ⭐ |
| Heritage Bank | OLYMPIA | 207 | $151.3M | $731K | ⭐ |
| Sound Credit Union | TACOMA | 206 | $43.6M | $212K | ⭐ |
| Harborstone CU | LAKEWOOD | 189 | $157.2M | $832K | ⭐ |
| UniBank | LYNNWOOD | 184 | $186.9M | $1.0M | ⭐ |
| Gesa CU | Richland | 151 | $103.0M | $682K | ⭐ |
| Numerica CU | SPOKANE VALLEY | 124 | $54.4M | $439K | ⭐ |
| 1st Security Bank of Washington | MOUNTLAKE TERRACE | 124 | $19.0M | $153K | ⭐ |
| Mountain Pacific Bank | EVERETT | 108 | $181.9M | $1.7M | ⭐ |
| Timberland Bank | HOQUIAM | 86 | $37.7M | $439K | — |
| WaFd Bank | SEATTLE | 86 | $3.6M | $42K | ⭐ |
| Peoples Bank | BELLINGHAM | 63 | $28.9M | $458K | ⭐ |
| HAPO Community CU | RICHLAND | 58 | $6.5M | $111K | — |
| Seattle Economic Development Fund dba Community Ca | Tukwila | 49 | $7.2M | $147K | — |
| RiverBank | SPOKANE | 44 | $24.5M | $557K | ⭐ |
| Kitsap Bank | PORT ORCHARD | 43 | $16.5M | $384K | ⭐ |
| Coastal Community Bank | EVERETT | 24 | $13.0M | $541K | ⭐ |
| Bank of the Pacific | ABERDEEN | 23 | $10.2M | $441K | ⭐ |
| First Fed Bank | Port Angeles | 22 | $25.3M | $1.1M | — |
| O Bee Credit Union | Lacey | 15 | $14.2M | $949K | — |
| Whatcom Educational CU | BELLINGHAM | 13 | $2.6M | $202K | — |
| Commencement Bank | Tacoma | 12 | $8.4M | $697K | — |
| Columbia Community CU | VANCOUVER | 10 | $3.6M | $356K | ⭐ |
| Olympia Federal Savings and Loan Association | OLYMPIA | 8 | $2.3M | $290K | — |
| State Bank Northwest | Spokane Valley | 6 | $4.2M | $693K | ⭐ |
| Spokane Teachers CU | LIBERTY LAKE | 4 | $2.5M | $620K | — |
| Sno Falls CU | NORTH BEND | 4 | $3.8M | $950K | — |
| Evergreen Business Capital | Seattle | 3 | $432K | $144K | — |
| Seattle Metropolitan Credit Union | Seattle | 3 | $7.2M | $2.4M | — |
| Fibre FCU | LONGVIEW | 2 | $1.4M | $683K | — |
| Riverview Bank | VANCOUVER | 1 | $405K | $405K | — |
| America's Credit Union, A FCU | DUPONT | 1 | $200K | $200K | — |
| Boeing Empl CU | TUKWILA | 1 | $100K | $100K | — |
Finding an SBA Lender in Washington
There are currently 34 SBA-approved lenders headquartered in Washington, ranging from national banks to local community lenders. Together they have approved 3,707 SBA 7(a) loans totaling $1.7B since 2020.
Of these, 18 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Washington
How many SBA lenders are in Washington?
There are currently 34 SBA-approved lenders headquartered in Washington. Together they have approved 3,707 SBA 7(a) loans totaling $1.7B since 2020. Of these, 18 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Washington?
An SBA Preferred Lender (PLP) in Washington is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Washington currently has 18 Preferred Lenders.
How do I choose the best SBA lender in Washington?
When choosing an SBA lender in Washington, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 34 Washington lenders so you can compare objectively.
How long does SBA loan approval take in Washington?
With an SBA Preferred Lender in Washington, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.