Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Washington.
In 2022 there were 117 SBA lenders that approved 1,372 SBA 7(a) loans for projects in Washington totaling $949,097,500. The average loan amount was $691,762. Borrowers from 198 cities were approved for projects in Washington for 305 industries. The SBA loan approvals in 2022 represent 14,060 jobs supported or saved in Washington.
There were 102 franchise branded businesses receiving 168 loan approvals for $248,314,200 with an average loan amount of $1,478,061.
Our forecast model projects $1.1 billion in total Washington SBA 7(a) loan approval amounts in 2023 with $314 million to franchise businesses.
Washington Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Washington Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
