GoSBA’s 50 Best Seattle SBA Lenders In 2020

The U.S. Small Business Administration (SBA) Seattle District Office serves Western Washington, which has a population base of nearly 5.2 million residents. This service area is a major U.S tourism area and has a future job growth rate of 39.4% which is greater than the national average. It is a great city for small business entrepreneurs as it possesses a diverse and prosperous economic base with aerospace, technology, biotechnology, computer software, electronics and financial services. The Port of Seattle is also the second largest cargo container in the United States, allowing plenty of international trade.

 

Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Seattle for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan providers in Seattle.

 

GoSBA Loans is proud to announce the 2020, top 50 SBA banks providing SBA loans in Seattle. As one of the top 10 cities for small business entrepreneurs, Seattle SBA loan providers financed 1,088 businesses valued at $612.7 million for the FY of 2019.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Seattle include some of the larger banks like Wells Fargo and U.S. Bank National Association, as well as some smaller players, including Heritage Bank and Columbia State Bank. Unfortunately, these banks have some of the strictest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Seattle. Applicants that apply for an SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Seattle SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Seattle SBA Lenders In 2020.

 

RANK BANK LOANS FUNDED VOLUME FUNDED ($)
1 KeyBank 94 $47,533,400
2 U.S. Bank 145 $39,200,700
3 Live Oak Banking Company 26 $37,805,000
4 Umpqua Bank 40 $32,103,700
5 Heritage Bank 37 $30,553,500
6 Columbia State Bank 98 $25,753,400
7 Banner Bank 90 $25,179,500
8 Northwest Bank 25 $24,894,900
9 Bank of Hope 24 $24,244,700
10 UniBank 13 $20,343,500
11 Pacific City Bank 10 $19,096,000
12 Seacoast Commerce Bank 22 $18,117,400
13 Readycap Lending, LLC 13 $16,893,800
14 Wells Fargo Bank, National Association 36 $14,517,400
15 Commonwealth Business Bank 15 $13,899,000
16 Open Bank 11 $13,356,000
17 JPMorgan Chase Bank, National Association 35 $13,043,900
18 Hanmi Bank 20 $11,913,000
19 First IC Bank 7 $10,573,000
20 Mountain Pacific Bank 8 $9,935,000
21 GBC International Bank 21 $9,726,400
22 SaviBank 19 $7,889,800
23 Celtic Bank Corporation 11 $7,562,800
24 Stearns Bank National Association 14 $6,498,000
25 HomeStreet Bank 9 $6,475,800
26 First-Citizens Bank & Trust Company 6 $6,470,000
27 Coastal Community Bank 11 $6,381,400
28 Washington Business Bank 8 $5,902,200
29 United Community Bank 7 $5,566,700
30 First Sound Bank 6 $5,557,000
31 1st Security Bank of Washington 3 $4,878,500
32 Beacon Business Bank, National Association 2 $4,862,000
33 Washington Trust Bank 8 $4,523,000
34 Royal Business Bank 1 $4,486,000
35 Whatcom Educational CU 8 $3,987,700
36 BankUnited, National Association 2 $3,933,000
37 Harvest Small Business Finance, LLC 5 $3,670,300
38 First Home Bank 22 $3,478,000
39 BBVA USA 1 $2,965,500
40 Meadows Bank 2 $2,740,800
41 Sound CU 6 $2,588,200
42 United Business Bank 3 $2,349,000
43 Mutual of Omaha Bank 1 $2,270,000
44 Hana Small Business Lending, Inc. 2 $2,260,000
45 Bank of the Pacific 4 $2,198,500
46 Newtek Small Business Finance, Inc. 6 $2,178,000
47 First Savings Bank 3 $2,043,900
48 Timberland Bank 12 $1,969,500
49 Bank of the West 5 $1,920,800
50 First Bank 3 $1,864,000

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Seattle.

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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