Top SBA Acquisition Lenders in Washington
62 active SBA 7(a) lenders in Washington, ranked by acquisition loan count.
Lenders
in Washington
Total Volume
Median Rate
Median Loan Size
Top Lenders in Washington
Loans
37
Rate
P+2.00%
0.5%
Small Business Administration (SBA) data only — profile coming soon
Lending by Industry in Washington
Covers the 215 of 335 Washington loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Washington
| # | 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 | Banner Bank | 15 | $15.5M | P+2.00% | 5.7% |
| 6 | Mountain Pacific Bank | 14 | $36.8M | P+1.25% | 1.2% |
| 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 | RiverBank | 9 | $4.5M | P+2.00% | 0.0% |
| 12 | Grow America Fund, Incorporated | 7 | $5.5M | P+2.75% | 0.0% |
| 13 | US Metro Bank | 7 | $11.0M | P+1.25% | 0.0% |
| 14 | Heritage Bank | 7 | $7.7M | P+1.63% | 0.0% |
| 15 | First Internet Bank of Indiana | 7 | $18.2M | P+2.75% | 1.7% |
| 16 | Washington Trust Bank | 6 | $5.6M | P+0.63% | 0.0% |
| 17 | Southwestern National Bank | 6 | $9.9M | P+1.25% | 0.0% |
| 18 | KeyBank National Association | 6 | $4.6M | P+2.00% | 2.0% |
| 19 | Evolve Bank and Trust | 6 | $12.0M | P+2.75% | 1.0% |
| 20 | Harborstone CU | 5 | $1.8M | P+2.63% | 4.7% |
| 21 | Northwest Bank | 5 | $3.7M | P+2.50% | 0.0% |
| 22 | Celtic Bank Corporation | 4 | $7.4M | P+2.50% | 1.9% |
| 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 | Peoples Bank | 3 | $1.9M | P+1.00% | 1.3% |
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Customize your search →SBA 7(a) Lending in Washington
Washington has 62 active SBA 7(a) acquisition lenders that have originated a combined 335 loans totaling $429.2M in volume. The median acquisition loan size in Washington is $662K, 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.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Washington?
There are currently 62 active SBA 7(a) lenders in Washington based on FOIA lending data. These lenders have originated 335 acquisition loans.
What is the typical SBA loan rate in Washington?
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.
What is a PLP lender?
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.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.