Best SBA Lenders in Bellingham, WA (2026)
2025 FOIA data: top lenders, rates & industries for Bellingham SBA loans
SBA Loans in Bellingham, Washington
Looking for an SBA loan in Bellingham, Washington? Based on 2025 FOIA data, 38 SBA 7(a) loans were funded in Bellingham totaling $22.9M, supporting an estimated 329 jobs. With 22 active lenders competing for business in the Bellingham market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Bellingham is $602K at an average rate of 9.63%. The top lender in Bellingham is Harvest Small Business Finance, LLC, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all Washington SBA lenders for statewide rankings.
SBA Loans in Bellingham by Business Type
Whether you’re starting a new business in Bellingham, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 3% of SBA loans in Bellingham (4 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 24% (7 loans) — if you’re looking to buy a business in Bellingham, this is a proven use case for SBA financing. Existing businesses make up 63% and typically receive the most favorable terms.
Top SBA Lenders in Bellingham, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Bellingham businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Harvest Small Business Finance, LLC | $5.0M | 1 | 10.25% |
| 2 | American Continental Bank | $4.4M | 1 | 8.75% |
| 3 | US Metro Bank | $1.9M | 1 | 9% |
| 4 | LendingClub Bank, National Association | $1.9M | 2 | 7.5% |
| 5 | Harborstone CU | $1.5M | 4 | 9.38% |
| 6 | KeyBank National Association | $1.1M | 3 | 10.08% |
| 7 | Bank of the Pacific | $1.1M | 3 | 7.5% |
| 8 | Live Oak Banking Company | $1.0M | 1 | 9.25% |
| 9 | U.S. Bank, National Association | $939K | 3 | 8.63% |
| 10 | United Community Bank | $835K | 1 | 9.75% |
The top lenders in Bellingham have direct experience with local businesses and understand the Bellingham 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 Bellingham 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 Bellingham
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Bellingham
These are the industries that received the most SBA 7(a) funding in Bellingham 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 | $9.4M |
| Offices of Chiropractors | 5 | $2.3M |
| Plumbing, Heating, and Air-Conditioning Contractors | 2 | $1.6M |
| Seafood Product Preparation and Packaging | 2 | $995K |
| General Automotive Repair | 1 | $843K |
| Janitorial Services | 1 | $835K |
| Pet Care (except Veterinary) Services | 1 | $642K |
| Breweries | 1 | $635K |
| Fitness and Recreational Sports Centers | 1 | $500K |
| Offices of Dentists | 1 | $474K |
Lenders with experience funding your specific industry in Bellingham 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 Bellingham
Option 1: Apply directly to one of the top Bellingham 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 Bellingham-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.
