Best SBA Lenders in Federal Way, WA (2026)
2025 FOIA data: top lenders, rates & industries for Federal Way SBA loans
SBA Loans in Federal Way, Washington
Looking for an SBA loan in Federal Way, Washington? Based on 2025 FOIA data, 44 SBA 7(a) loans were funded in Federal Way totaling $15.3M, supporting an estimated 283 jobs. With 23 active lenders competing for business in the Federal Way market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Federal Way is $348K at an average rate of 10.8%. The top lender in Federal Way is Bank of Hope, with the most-funded industry being Full-Service Restaurants. See all Washington SBA lenders for statewide rankings.
SBA Loans in Federal Way by Business Type
Whether you’re starting a new business in Federal Way, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 26% of SBA loans in Federal Way (2 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 16% (6 loans) — if you’re looking to buy a business in Federal Way, this is a proven use case for SBA financing. Existing businesses make up 34% and typically receive the most favorable terms.
Top SBA Lenders in Federal Way, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Federal Way businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Bank of Hope | $2.3M | 1 | 8.5% |
| 2 | Enterprise Bank & Trust | $2.1M | 2 | 7% |
| 3 | Washington Trust Bank | $1.7M | 1 | 8.5% |
| 4 | Gesa CU | $1.6M | 2 | 9.5% |
| 5 | Kitsap Bank | $965K | 1 | 10% |
| 6 | United Midwest Savings Bank National Association | $760K | 1 | 10.25% |
| 7 | KeyBank National Association | $651K | 3 | 10.71% |
| 8 | Live Oak Banking Company | $650K | 2 | 11.49% |
| 9 | First Internet Bank of Indiana | $648K | 1 | 10.25% |
| 10 | GBC International Bank | $624K | 1 | 9.5% |
The top lenders in Federal Way have direct experience with local businesses and understand the Federal Way 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 Federal Way 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 Federal Way
One 5-minute application. 23+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Federal Way
These are the industries that received the most SBA 7(a) funding in Federal Way 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 |
|---|---|---|
| Full-Service Restaurants | 4 | $4.7M |
| Motor Vehicle Towing | 4 | $2.7M |
| Fitness and Recreational Sports Centers | 1 | $1.7M |
| Offices of Dentists | 1 | $965K |
| Offices of Chiropractors | 1 | $760K |
| Limited-Service Restaurants | 3 | $730K |
| Used Car Dealers | 1 | $500K |
| Offices of Optometrists | 2 | $471K |
| Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $302K |
| General Freight Trucking, Local | 1 | $250K |
Lenders with experience funding your specific industry in Federal Way 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 Federal Way
Option 1: Apply directly to one of the top Federal Way 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 Federal Way-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.
