# SBA loans to convenience stores in Washington **Short answer:** SBA's loan file shows 77 loans to convenience stores in Washington since October 2023. 54.5% financed a change of ownership, against 21.0% nationally. The median loan was $604,000, 2.9 times the national median of $210,000. Canonical page: https://www.sbaexpress.loans/industries/convenience-retailers/washington/ Data as of: 2026-06-30 These are the 77 SBA 7(a) loans to [convenience stores](https://www.sbaexpress.loans/industries/convenience-retailers/) in [Washington](https://www.sbaexpress.loans/washington-small-business-loans/) approved October 2023 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. ## How Washington differs from the U.S. **What this means for you.** If you are buying a business, purchases were a bigger share of these loans here than nationally. ### Change of ownership 54.5% of the loans in Washington financed a change of ownership, against 21.0% nationally. Change of ownership, share of loans, Oct 2023 to Jun 2026 - Washington: 54.5% - United States: 21.0% ### Loan size The median loan was $604,000 in Washington, 2.9 times the national median of $210,000. The middle half of loans in Washington ran from $231,000 to $1,171,000. Nationally the middle half ran from $50,000 to $670,650. Median loan, Oct 2023 to Jun 2026 - Washington: $604,000 - United States: $210,000 ### SBA Express 18.2% of the loans in Washington went through SBA Express, against 36.0% nationally. SBA Express, share of loans, Oct 2023 to Jun 2026 - Washington: 18.2% - United States: 36.0% We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. 2 more differences are in the table. ## Washington next to the U.S. **Washington compared with all loans to convenience stores in the U.S., October 2023 to June 2026** | Measure | Washington | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 1.6% | 0.38% | Clearly higher | | Median loan | $604,000 | $210,000 | Clearly higher | | Middle half of loans | $231,000 to $1,171,000 | $50,000 to $670,650 | – | | Startups (the loan opens the business) | 9.1% | 10.8% | No clear gap | | In business 2 years or less | 10.4% | 18.3% | No clear gap | | In business more than 2 years | 26.0% | 49.9% | Clearly lower | | Change of ownership | 54.5% | 21.0% | Clearly higher | | SBA Express | 18.2% | 36.0% | Clearly lower | | Lines of credit | 15.6% | 25.8% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 1.75 points over Prime | 2.25 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## Who lends in Washington The 3 lenders below made 29 of the 77 loans approved October 2023 to June 2026, or 37.7%. A lender is listed when it has 5 or more of them, five at most. **Top lenders in Washington** | Lender | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Hanmi Bank](https://www.sbaexpress.loans/sba-express-lenders/hanmi-bank/) | 14 | 18.2% | 3.7% | | [Columbia Bank (Roseburg, OR)](https://www.sbaexpress.loans/sba-express-lenders/columbia-bank/) | 8 | 10.4% | Not in top 5 | | [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/) | 7 | 9.1% | Not in top 5 | Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry. ## Convenience stores in other states Other states where these loans differ clearly from the national pattern, most loans first. **Convenience stores by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/industries/convenience-retailers/california/) | 166 | | [Texas](https://www.sbaexpress.loans/industries/convenience-retailers/texas/) | 71 | | [Ohio](https://www.sbaexpress.loans/industries/convenience-retailers/ohio/) | 68 | ## More industries in Washington Other industries in Washington with a clear difference from the national pattern, most loans first. **Other industries in Washington** | Industry | Loans since October 2019 | | --- | --- | | [Sit-down restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/washington/) | 543 | | [Fast-food, pizza and counter-service restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/washington/) | 395 | | [Home remodeling contractors](https://www.sbaexpress.loans/industries/residential-remodelers/washington/) | 264 | | [Gas stations with convenience stores](https://www.sbaexpress.loans/industries/gasoline-stations-with-convenience-stores-457110/washington/) | 220 | | [Gyms, fitness studios and recreational sports centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/washington/) | 189 | | [Coffee shops, ice cream parlors, juice and tea bars and doughnut shops](https://www.sbaexpress.loans/industries/snack-nonalcoholic-beverage-bars/washington/) | 165 | | [Assisted living facilities and residential care homes](https://www.sbaexpress.loans/industries/assisted-living-facilities-for-the-elderly/washington/) | 162 | | [Long-haul truckload carriers](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/washington/) | 155 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2023 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)