Best SBA Lenders in Olympia, WA (2026)
2025 FOIA data: top lenders, rates & industries for Olympia SBA loans
SBA Loans in Olympia, Washington
Looking for an SBA loan in Olympia, Washington? Based on 2025 FOIA data, 45 SBA 7(a) loans were funded in Olympia totaling $44.0M, supporting an estimated 451 jobs. With 22 active lenders competing for business in the Olympia market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Olympia is $977K at an average rate of 10.55%. The top lender in Olympia is Readycap Lending, LLC, with the most-funded industry being Car Washes. See all Washington SBA lenders for statewide rankings.
SBA Loans in Olympia by Business Type
Whether you’re starting a new business in Olympia, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 0% of SBA loans in Olympia (0 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 61% (11 loans) — if you’re looking to buy a business in Olympia, this is a proven use case for SBA financing. Existing businesses make up 37% and typically receive the most favorable terms.
Top SBA Lenders in Olympia, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Olympia businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Readycap Lending, LLC | $14.1M | 7 | 10.61% |
| 2 | Heritage Bank | $6.4M | 3 | 8.5% |
| 3 | Woori America Bank | $5.9M | 2 | 8.5% |
| 4 | Live Oak Banking Company | $5.0M | 1 | 7.65% |
| 5 | PCB Bank | $3.6M | 1 | 8.75% |
| 6 | Southwestern National Bank | $1.9M | 1 | 9% |
| 7 | Mountain Pacific Bank | $1.0M | 2 | 9.75% |
| 8 | Evolve Bank and Trust | $840K | 1 | 9.25% |
| 9 | Port 51 Lending LLC | $750K | 1 | 9.5% |
| 10 | Columbia Bank | $738K | 6 | 12.04% |
The top lenders in Olympia have direct experience with local businesses and understand the Olympia 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 Olympia 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 Olympia
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Olympia
These are the industries that received the most SBA 7(a) funding in Olympia 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 |
|---|---|---|
| Car Washes | 2 | $5.9M |
| Veterinary Services | 1 | $5.0M |
| Limited-Service Restaurants | 1 | $4.0M |
| Engineering Services | 2 | $2.4M |
| Drinking Places (Alcoholic Beverages) | 2 | $1.3M |
| Homes for the Elderly | 2 | $990K |
| All Other Specialty Trade Contractors | 2 | $600K |
| Environmental Consulting Services | 1 | $500K |
| Child Day Care Services | 1 | $500K |
| Employment Placement Agencies | 2 | $460K |
Lenders with experience funding your specific industry in Olympia 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 Olympia
Option 1: Apply directly to one of the top Olympia 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 Olympia-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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Ready to Apply for an SBA Loan in Olympia?
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
