Best SBA Lenders in Renton, WA (2026)
2025 FOIA data: top lenders, rates & industries for Renton SBA loans
SBA Loans in Renton, Washington
Looking for an SBA loan in Renton, Washington? Based on 2025 FOIA data, 38 SBA 7(a) loans were funded in Renton totaling $18.4M, supporting an estimated 402 jobs. With 23 active lenders competing for business in the Renton market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Renton is $485K at an average rate of 9.95%. The top lender in Renton is U.S. Bank, National Association, with the most-funded industry being Other Accounting Services. See all Washington SBA lenders for statewide rankings.
SBA Loans in Renton by Business Type
Whether you’re starting a new business in Renton, 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 Renton (8 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 17% (6 loans) — if you’re looking to buy a business in Renton, this is a proven use case for SBA financing. Existing businesses make up 24% and typically receive the most favorable terms.
Top SBA Lenders in Renton, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Renton 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 | $2.8M | 6 | 9.93% |
| 2 | First Internet Bank of Indiana | $2.2M | 3 | 10.25% |
| 3 | Fifth Third Bank | $2.1M | 1 | 7% |
| 4 | Newtek Bank, National Association | $1.4M | 1 | 10.5% |
| 5 | Northeast Bank | $1.1M | 3 | 11.42% |
| 6 | Bank of America, National Association | $1.1M | 2 | 6.86% |
| 7 | Gesa CU | $1.0M | 2 | 9.88% |
| 8 | Timberland Bank | $850K | 1 | 9.75% |
| 9 | KeyBank National Association | $650K | 3 | 10.23% |
| 10 | East West Bank | $650K | 1 | 9.5% |
The top lenders in Renton have direct experience with local businesses and understand the Renton 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 Renton 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 Renton
One 5-minute application. 23+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Renton
These are the industries that received the most SBA 7(a) funding in Renton 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 |
|---|---|---|
| Other Accounting Services | 1 | $2.4M |
| Veterinary Services | 1 | $2.1M |
| Full-Service Restaurants | 4 | $1.7M |
| Used Car Dealers | 2 | $1.6M |
| Other Construction Material Merchant Wholesalers | 1 | $1.4M |
| Limited-Service Restaurants | 3 | $1.4M |
| Offices of Physicians (except Mental Health Specialists) | 3 | $1.1M |
| Snack and Nonalcoholic Beverage Bars | 2 | $900K |
| Fitness and Recreational Sports Centers | 2 | $842K |
| Confectionery and Nut Stores | 2 | $700K |
Lenders with experience funding your specific industry in Renton 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 Renton
Option 1: Apply directly to one of the top Renton 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 Renton-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.
