Top SBA Acquisition Lenders in Washington
62 active SBA 7(a) lenders in Washington, ranked by loan volume.
Lenders
in Washington
Total Volume
Median Rate
Median Loan Size
Top Lenders in Washington
Top 25 Lenders in Washington
| # | Lender | Loans | Volume | 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 | First Internet Bank of Indiana | 7 | $18.2M | P+2.75% | 1.7% |
| 13 | US Metro Bank | 7 | $11.0M | P+1.25% | 0.0% |
| 14 | Heritage Bank | 7 | $7.7M | P+1.63% | 0.0% |
| 15 | Grow America Fund, Incorporated | 7 | $5.5M | P+2.75% | 0.0% |
| 16 | Evolve Bank and Trust | 6 | $12.0M | P+2.75% | 1.0% |
| 17 | Southwestern National Bank | 6 | $9.9M | P+1.25% | 0.0% |
| 18 | Washington Trust Bank | 6 | $5.6M | P+0.63% | 0.0% |
| 19 | KeyBank National Association | 6 | $4.6M | P+2.00% | 2.0% |
| 20 | Northwest Bank | 5 | $3.7M | P+2.50% | 0.0% |
| 21 | Harborstone CU | 5 | $1.8M | P+2.63% | 4.7% |
| 22 | The Huntington National Bank | 4 | $7.9M | P+2.25% | 1.7% |
| 23 | Celtic Bank Corporation | 4 | $7.4M | P+2.50% | 1.9% |
| 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 →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.