Best SBA Lenders in Lynnwood, WA (2026)
2025 FOIA data: top lenders, rates & industries for Lynnwood SBA loans
SBA Loans in Lynnwood, Washington
Looking for an SBA loan in Lynnwood, Washington? Based on 2025 FOIA data, 28 SBA 7(a) loans were funded in Lynnwood totaling $13.1M, supporting an estimated 182 jobs. With 20 active lenders competing for business in the Lynnwood market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Lynnwood is $469K at an average rate of 9.86%. The top lender in Lynnwood is U.S. Bank, National Association, with the most-funded industry being Used Car Dealers. See all Washington SBA lenders for statewide rankings.
SBA Loans in Lynnwood by Business Type
Whether you’re starting a new business in Lynnwood, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 37% of SBA loans in Lynnwood (8 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 11% (3 loans) — if you’re looking to buy a business in Lynnwood, this is a proven use case for SBA financing. Existing businesses make up 47% and typically receive the most favorable terms.
Top SBA Lenders in Lynnwood, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Lynnwood businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | U.S. Bank, National Association | $2.7M | 2 | 7.06% |
| 2 | Enterprise Bank & Trust | $2.3M | 1 | 7% |
| 3 | The Huntington National Bank | $1.3M | 2 | 9.75% |
| 4 | Centerstone SBA Lending, Inc. | $920K | 1 | 8.75% |
| 5 | Stearns Bank National Association | $810K | 1 | 10% |
| 6 | BayFirst National Bank | $800K | 3 | 11.67% |
| 7 | Peoples Bank | $636K | 1 | 7.5% |
| 8 | Metro City Bank | $560K | 1 | 6.75% |
| 9 | Northeast Bank | $509K | 4 | 10.25% |
| 10 | Washington Trust Bank | $500K | 1 | 10% |
The top lenders in Lynnwood have direct experience with local businesses and understand the Lynnwood 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 Lynnwood 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 Lynnwood
One 5-minute application. 20+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Lynnwood
These are the industries that received the most SBA 7(a) funding in Lynnwood 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 |
|---|---|---|
| Used Car Dealers | 1 | $2.3M |
| Fitness and Recreational Sports Centers | 3 | $2.1M |
| Offices of Chiropractors | 2 | $2.0M |
| General Automotive Repair | 2 | $1.1M |
| Sports Teams and Clubs | 1 | $918K |
| Offices of All Other Miscellaneous Health Practitioners | 3 | $840K |
| Car Washes | 1 | $500K |
| Limited-Service Restaurants | 1 | $450K |
| Child and Youth Services | 1 | $368K |
| All Other Amusement and Recreation Industries | 1 | $356K |
Lenders with experience funding your specific industry in Lynnwood 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 Lynnwood
Option 1: Apply directly to one of the top Lynnwood 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 Lynnwood-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.
