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60 active SBA 7(a) lenders in Washington, ranked by loan volume.
Lenders
in Washington
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 37 | $85.9M | P+2.00% | 0.5% |
| 2 | Hanmi Bank | 29 | $23.3M | P+1.75% | 1.0% |
| 3 | East West Bank | 25 | $14.9M | P+2.00% | 0.0% |
| 4 | Live Oak Bank | 21 | $39.8M | P+1.50% | 0.8% |
| 5 | Mountain Pacific Bank | 14 | $36.8M | P+1.25% | 1.2% |
| 6 | Banner Bank | 15 | $15.5M | P+2.00% | 5.7% |
| 7 | Gesa CU | 13 | $8.4M | P+2.25% | 0.0% |
| 8 | GBC International Bank | 13 | $4.6M | P+2.00% | 0.0% |
| 9 | U.S. Bank, National Association | 12 | $14.9M | P+0.93% | 2.2% |
| 10 | PCB Bank | 10 | $24.2M | P+1.50% | 0.8% |
| 11 | First Internet Bank of Indiana | 7 | $18.2M | P+2.75% | 1.7% |
| 12 | RiverBank | 9 | $4.5M | P+2.00% | 0.0% |
| 13 | US Metro Bank | 7 | $10.4M | P+1.25% | 0.0% |
| 14 | Heritage Bank | 7 | $7.7M | P+1.63% | 0.0% |
| 15 | Washington Trust Bank | 6 | $5.6M | P+0.63% | 0.0% |
| 16 | Grow America Fund, Incorporated | 7 | $5.5M | P+2.75% | 0.0% |
| 17 | KeyBank National Association | 6 | $4.6M | P+2.00% | 2.0% |
| 18 | Southwestern National Bank | 6 | $9.9M | P+1.25% | 0.0% |
| 19 | Harborstone CU | 5 | $1.8M | P+2.75% | 3.4% |
| 20 | Evolve Bank and Trust | 5 | $7.0M | P+2.75% | 0.8% |
| 21 | Celtic Bank Corporation | 4 | $7.4M | P+2.50% | 1.9% |
| 22 | Northwest Bank | 4 | $3.7M | P+2.50% | 0.0% |
| 23 | The Huntington National Bank | 4 | $7.9M | P+2.25% | 1.7% |
| 24 | BayFirst National Bank | 4 | $1.6M | P+2.75% | 4.5% |
| 25 | Open Bank | 3 | $6.8M | P+1.63% | 0.7% |
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Customize your search →Washington has 60 active SBA 7(a) acquisition lenders that have originated a combined 327 loans totaling $419.5M in volume. The median acquisition loan size in Washington is $680K, with a median interest rate of Prime + 2.00% (Prime + spread).
When evaluating SBA lenders in Washington, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 60 active SBA 7(a) lenders in Washington based on FOIA lending data. These lenders have originated 327 acquisition loans.
The median SBA 7(a) acquisition loan rate in Washington is Prime + 2.00% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.