Best SBA Lenders in Lakewood, WA (2026)
2025 FOIA data: top lenders, rates & industries for Lakewood SBA loans
SBA Loans in Lakewood, Washington
Looking for an SBA loan in Lakewood, Washington? Based on 2025 FOIA data, 18 SBA 7(a) loans were funded in Lakewood totaling $17.5M, supporting an estimated 83 jobs. With 13 active lenders competing for business in the Lakewood market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Lakewood is $971K at an average rate of 9.91%. The top lender in Lakewood is Southwestern National Bank, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all Washington SBA lenders for statewide rankings.
SBA Loans in Lakewood by Business Type
Whether you’re starting a new business in Lakewood, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 40% of SBA loans in Lakewood (3 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 37% (6 loans) — if you’re looking to buy a business in Lakewood, this is a proven use case for SBA financing. Existing businesses make up 23% and typically receive the most favorable terms.
Top SBA Lenders in Lakewood, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Lakewood businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Southwestern National Bank | $6.6M | 2 | 8.75% |
| 2 | Open Bank | $2.0M | 1 | 9.25% |
| 3 | US Metro Bank | $1.9M | 1 | 9% |
| 4 | Newtek Bank, National Association | $1.6M | 2 | 10.5% |
| 5 | Port 51 Lending LLC | $1.5M | 1 | 9.25% |
| 6 | Live Oak Banking Company | $1.3M | 1 | 9.25% |
| 7 | GBC International Bank | $970K | 2 | 9% |
| 8 | Readycap Lending, LLC | $404K | 1 | 10.25% |
| 9 | United Midwest Savings Bank National Association | $350K | 1 | 10.25% |
| 10 | U.S. Bank, National Association | $304K | 2 | 8.7% |
The top lenders in Lakewood have direct experience with local businesses and understand the Lakewood market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Lakewood and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Lakewood
One 5-minute application. 13+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Lakewood
These are the industries that received the most SBA 7(a) funding in Lakewood in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 2 | $3.5M |
| Offices of Chiropractors | 1 | $1.2M |
| Limited-Service Restaurants | 2 | $970K |
| Offices of Real Estate Agents and Brokers | 1 | $404K |
| Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $350K |
| Used Household and Office Goods Moving | 1 | $350K |
| Full-Service Restaurants | 1 | $296K |
| Other Technical and Trade Schools | 1 | $264K |
| Offices of All Other Miscellaneous Health Practitioners | 1 | $150K |
| Plumbing, Heating, and Air-Conditioning Contractors | 1 | $50K |
Lenders with experience funding your specific industry in Lakewood understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Lakewood
Option 1: Apply directly to one of the top Lakewood lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Lakewood-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
