Top SBA Lenders in Washington for Accommodation & Food Services
6 SBA 7(a) lenders active in Washington's accommodation & food services sector.
Lenders
51 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.5%
Top Accommodation & Food Services Lenders in Washington
Rate Distribution (Accommodation & Food Services in Washington)
All Accommodation & Food Services Lenders in Washington
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Hanmi Bank | 17 | $10.6M | P+1.75% | 1.0% |
| 2 | GBC International Bank | 13 | $4.6M | P+2.00% | 0.0% |
| 3 | East West Bank | 8 | $2.4M | P+2.00% | 0.0% |
| 4 | Mountain Pacific Bank | 6 | $6.1M | P+1.25% | 2.6% |
| 5 | Readycap Lending, LLC | 4 | $10.8M | P+2.00% | 0.5% |
| 6 | Washington Trust Bank | 3 | $2.6M | P+0.63% | 0.0% |
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6 SBA 7(a) lenders are active in Washington's accommodation & food services sector, having originated 51 loans totaling $37.1M. The median rate for accommodation & food services acquisitions in Washington is Prime + 1.88%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 1.0%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in Washington?
6 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Washington, with a combined 51 loans.
What rate can I expect for a accommodation & food services acquisition in Washington?
The median rate is Prime + 1.88% (Prime + spread). This compares to a statewide median of Prime + 2.00%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in Washington?
The 10-year cumulative default rate is 1.0%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
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.