Top SBA Lenders in Washington for Construction
3 SBA 7(a) lenders active in Washington's construction sector.
Lenders
14 loans
Total Volume
Median Rate
State avg: Prime + 2.00%
Default Rate
State avg: 1.5%
Top Construction Lenders in Washington
Rate Distribution (Construction in Washington)
All Construction Lenders in Washington
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Banner Bank | 7 | $10.2M | P+2.00% | 5.7% |
| 2 | Live Oak Bank | 4 | $4.0M | P+1.50% | 0.8% |
| 3 | RiverBank | 3 | $1.4M | P+2.00% | 0.0% |
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Customize your search →Construction SBA Lending in Washington
3 SBA 7(a) lenders are active in Washington's construction sector, having originated 14 loans totaling $15.6M. The median rate for construction acquisitions in Washington is Prime + 2.00%, compared to the statewide median of Prime + 2.00%.
The 10-year cumulative default rate for this niche is 3.3%, which is above the state average of 1.5%.
Frequently Asked Questions
How many SBA lenders specialize in construction in Washington?
3 SBA 7(a) lenders have originated construction acquisition loans in Washington, with a combined 14 loans.
What rate can I expect for a construction acquisition in Washington?
The median rate is Prime + 2.00% (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 construction SBA loans in Washington?
The 10-year cumulative default rate is 3.3%, 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.