Best SBA Lenders in Snohomish, WA (2026)
2025 FOIA data: top lenders, rates & industries for Snohomish SBA loans
SBA Loans in Snohomish, Washington
Looking for an SBA loan in Snohomish, Washington? Based on 2025 FOIA data, 26 SBA 7(a) loans were funded in Snohomish totaling $23.9M, supporting an estimated 210 jobs. With 18 active lenders competing for business in the Snohomish market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Snohomish is $921K at an average rate of 10.32%. The top lender in Snohomish is Readycap Lending, LLC, with the most-funded industry being Poured Concrete Foundation and Structure Contractors. See all Washington SBA lenders for statewide rankings.
SBA Loans in Snohomish by Business Type
Whether you’re starting a new business in Snohomish, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 13% of SBA loans in Snohomish (3 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 41% (4 loans) — if you’re looking to buy a business in Snohomish, this is a proven use case for SBA financing. Existing businesses make up 45% and typically receive the most favorable terms.
Top SBA Lenders in Snohomish, WA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Snohomish 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 | $5.0M | 1 | 9.5% |
| 2 | First Bank of the Lake | $5.0M | 1 | 10% |
| 3 | Live Oak Banking Company | $3.9M | 2 | 9.97% |
| 4 | U.S. Bank, National Association | $3.0M | 4 | 9.28% |
| 5 | KeyBank National Association | $2.9M | 2 | 9.38% |
| 6 | Washington Trust Bank | $1.4M | 2 | 8.12% |
| 7 | Stearns Bank National Association | $780K | 1 | 9.75% |
| 8 | Bank of America, National Association | $765K | 1 | 6.46% |
| 9 | JPMorgan Chase Bank, National Association | $250K | 1 | 11.25% |
| 10 | 1st Security Bank of Washington | $225K | 1 | 9.75% |
The top lenders in Snohomish have direct experience with local businesses and understand the Snohomish 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 Snohomish 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 Snohomish
One 5-minute application. 18+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Snohomish
These are the industries that received the most SBA 7(a) funding in Snohomish 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 |
|---|---|---|
| Poured Concrete Foundation and Structure Contractors | 2 | $5.2M |
| All Other Amusement and Recreation Industries | 2 | $3.9M |
| Motion Picture and Video Production | 2 | $2.9M |
| Offices of All Other Miscellaneous Health Practitioners | 2 | $2.8M |
| Plumbing, Heating, and Air-Conditioning Contractors | 3 | $1.5M |
| Other Heavy and Civil Engineering Construction | 1 | $780K |
| Full-Service Restaurants | 2 | $315K |
| Framing Contractors | 1 | $250K |
| Farm Supplies Merchant Wholesalers | 1 | $150K |
| Coffee and Tea Manufacturing | 1 | $100K |
Lenders with experience funding your specific industry in Snohomish 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 Snohomish
Option 1: Apply directly to one of the top Snohomish 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 Snohomish-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.
