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 $612.7 million for the FY of 2019.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Seattle include some of the larger banks like Wells Fargo and U.S. Bank National Association, as well as some smaller players, including Heritage Bank and Columbia State Bank. Unfortunately, these banks have some of the strictest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Seattle. Applicants that apply for an SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Seattle SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Seattle SBA Lenders In 2020.
|RANK||BANK||LOANS FUNDED||VOLUME FUNDED ($)|
|3||Live Oak Banking Company||26||$37,805,000|
|6||Columbia State Bank||98||$25,753,400|
|9||Bank of Hope||24||$24,244,700|
|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|
|17||JPMorgan Chase Bank, National Association||35||$13,043,900|
|19||First IC Bank||7||$10,573,000|
|20||Mountain Pacific Bank||8||$9,935,000|
|21||GBC International Bank||21||$9,726,400|
|23||Celtic Bank Corporation||11||$7,562,800|
|24||Stearns Bank National Association||14||$6,498,000|
|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|
|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|
|49||Bank of the West||5||$1,920,800|
Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Seattle.