Best SBA Lenders in Redmond, WA (2026)
2025 FOIA data: top lenders, rates & industries for Redmond SBA loans
SBA Loans in Redmond, Washington
Looking for an SBA loan in Redmond, Washington? Based on 2025 FOIA data, 34 SBA 7(a) loans were funded in Redmond totaling $29.7M, supporting an estimated 405 jobs. With 17 active lenders competing for business in the Redmond market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Redmond is $875K at an average rate of 9.57%. The top lender in Redmond is Washington Trust Bank, with the most-funded industry being Child Day Care Services. See all Washington SBA lenders for statewide rankings.
SBA Loans in Redmond by Business Type
Whether you’re starting a new business in Redmond, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 21% of SBA loans in Redmond (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 24% (4 loans) — if you’re looking to buy a business in Redmond, this is a proven use case for SBA financing. Existing businesses make up 54% and typically receive the most favorable terms.
Top SBA Lenders in Redmond, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Redmond businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Washington Trust Bank | $7.6M | 5 | 8.05% |
| 2 | Live Oak Banking Company | $5.0M | 1 | 5.95% |
| 3 | Banner Bank | $4.3M | 5 | 9.2% |
| 4 | Columbia Bank | $2.6M | 4 | 10.5% |
| 5 | Newtek Bank, National Association | $2.5M | 2 | 10.5% |
| 6 | T Bank, National Association | $2.3M | 1 | 9.75% |
| 7 | East West Bank | $1.7M | 1 | 8.75% |
| 8 | Heritage Bank | $1.0M | 1 | 8% |
| 9 | JPMorgan Chase Bank, National Association | $846K | 1 | 8.5% |
| 10 | Bank of America, National Association | $385K | 1 | 10.5% |
The top lenders in Redmond have direct experience with local businesses and understand the Redmond 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 Redmond 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 Redmond
One 5-minute application. 17+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Redmond
These are the industries that received the most SBA 7(a) funding in Redmond 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 |
|---|---|---|
| Child Day Care Services | 1 | $5.0M |
| New Single-Family Housing Construction (except Operative Builders) | 2 | $3.6M |
| Flooring Contractors | 2 | $3.2M |
| Custom Computer Programming Services | 1 | $2.6M |
| Offices of Certified Public Accountants | 2 | $2.5M |
| Software Publishers | 1 | $2.3M |
| Limited-Service Restaurants | 2 | $2.2M |
| Homes for the Elderly | 1 | $1.7M |
| Full-Service Restaurants | 2 | $1.2M |
| All Other Professional, Scientific, and Technical Services | 1 | $1.0M |
Lenders with experience funding your specific industry in Redmond 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 Redmond
Option 1: Apply directly to one of the top Redmond 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 Redmond-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.
