# Small business loans in Everett, WA

**Short answer:** The most active SBA lenders in Everett, WA since FY2024 are Columbia Bank (10 loans) and KeyBank (7). The median loan was $350,000, and half fell between $90,000 and $972,500. For free help, see the Washington Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/washington-small-business-loans/everett/
Data as of: 2026-06-30

## Lenders making SBA loans in Everett

No lender made more than 9% of the loans in Everett, and Columbia Bank made the most. The five largest lenders together made 31%.

**Lenders with five or more SBA loans in Everett, WA, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Columbia Bank](https://www.sbaexpress.loans/sba-express-lenders/columbia-bank/) | 10 | 9.0% |
| [KeyBank](https://www.sbaexpress.loans/sba-express-lenders/keybank/washington/) | 7 | 6.3% |
| [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/) | 6 | 5.4% |
| [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/washington/): Non-bank lender | 6 | 5.4% |
| [Mountain Pacific Bank](https://www.sbaexpress.loans/sba-express-lenders/mountain-pacific-bank/) | 5 | 4.5% |

Share is the percent of all Everett loans in that period. Each name links to that lender's page for Washington where one exists.

## Local help near Everett

Everett borrowers can start with SBA's district offices for Washington, an SBDC or SCORE.

29% of Everett borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA runs two district offices that cover Washington. Each page points to state and federal resources and to lenders in its area. The Washington Small Business Development Center gives free counseling across Washington.

- [SBA Seattle District Office: SBA district office](https://www.sba.gov/district/seattle)
- [SBA Portland District Office: SBA district office](https://www.sba.gov/district/portland)
- [Washington Small Business Development Center: Small Business Development Center](https://wsbdc.org/)
- [SCORE mentors in Washington: Business mentoring](https://www.score.org/wa/)

Alongside SBA loans, Washington runs three loan programs. The [Washington page](https://www.sbaexpress.loans/washington-small-business-loans/#loan-programs-in-washington) describes each, and the official pages are linked here.

- [Owner-Occupied Commercial Real-Estate Loan Program (CRE)](https://www.commerce.wa.gov/access-to-capital/)
- [Collateral Support Program (CSP)](https://www.commerce.wa.gov/access-to-capital/)
- [Revenue-Based Financing Fund (RBF)](https://www.commerce.wa.gov/access-to-capital/)

## Loan counts and sizes in Everett

Everett ranks 6th by loans since FY2024 among the 24 Washington cities with 100 or more SBA loans since FY2020. Nationally it is the 183rd busiest of the 580 cities that reach 100 loans.

The 111 loans, 2.3% of the 4,798 in Washington, were approved for $86.8 million in all. The median loan was $350,000, 2.3 times the national median of $150,300. Half of the loans fell between $90,000 and $972,500. The Everett median is 2.3 times the Washington median of $150,000.

**Everett, WA compared with Washington and the nation, loans from FY2024 to June 2026**

| Measure | Everett | Washington | U.S. |
| --- | --- | --- | --- |
| Loans | 111 | 4,798 | 162,355 |
| Median loan | $350,000 | $150,000 | $150,300 |
| 25th percentile | $90,000 | $50,000 | $50,000 |
| 75th percentile | $972,500 | $500,000 | $500,000 |
| Via SBA Express | 30.6% | 45.6% | 35.8% |
| Lines of credit | 23.4% | 36.6% | 28.1% |
| Startups | 9.9% | 9.9% | 16.1% |
| Ownership changes | 25.2% | 14.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.25 | 2.75 | 2.75 |
| Charged off | 6.9% | 2.4% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

63% of the loans were $500,000 or less, the size SBA Express covers. 30.6% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 23.4% of loans, below the national 28.1%.

SBA loans in Everett, WA by size, FY2024 to June 2026

- $50,000 or less (23%): 26
- $50,001 to $150,000 (15%): 17
- $150,001 to $350,000 (12%): 13
- $350,001 to $500,000 (13%): 14
- $500,001 to $1,000,000 (13%): 14
- $1,000,001 to $2,000,000 (13%): 14
- Over $2,000,000 (12%): 13

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 45.9% of loans went to businesses more than two years old and 18.9% to businesses two years old or younger. Startups received 9.9% and changes of ownership 25.2%. The national startup share is 16.1%.

SBA loans in Everett, WA by fiscal year

- FY2020: 25
- FY2021: 25
- FY2022: 22
- FY2023: 21
- FY2024: 42
- FY2025: 37
- FY2026 (through June 30): 32

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 12% from FY2024 (42 loans) to FY2025 (37), the two latest full years. The busiest full year in the file was FY2024, with 42 loans. FY2026 already shows 32 loans through June 30.

Of the 72 loans Everett borrowers received in FY2020 to FY2022, 6.9% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,069 jobs supported across the 111 loans since FY2024, about 9.6 per loan. SBA does not audit these estimates.

## What businesses in Everett borrow for

Gasoline Stations with Convenience Stores was the largest borrower group in Everett, with 11 loans or 9.9% of the total.

The four largest industries made up 26% of all Everett loans. Gasoline Stations with Convenience Stores stands out: its 11 loans are 9.9% of Everett loans, against 0.8% nationally, 12 times its national share.

**Industries with the most SBA loans in Everett, WA, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Gasoline Stations with Convenience Stores](https://www.sbaexpress.loans/industries/gasoline-stations-with-convenience-stores-457110/washington/) | 11 | 9.9% | 0.8% |
| [Convenience Retailers](https://www.sbaexpress.loans/industries/convenience-retailers/washington/) | 8 | 7.2% | 0.4% |
| [Assisted Living Facilities for the Elderly](https://www.sbaexpress.loans/industries/assisted-living-facilities-for-the-elderly/washington/) | 5 | 4.5% | 0.4% |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/washington/) | 5 | 4.5% | 4.6% |

Share is the percent of all Everett loans in that period. Industry is the NAICS code on each loan. A name links to the Washington page for that industry where one exists.

## A typical loan payment in Everett

The median Everett loan was $350,000 with a median term of 10 years.

The median variable-rate loan in Everett was priced at Prime plus 2.25 percentage points at approval. At today's Prime that spread works out to 9.25%. On $350,000 over 10 years, principal and interest would come to about $4,481 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Everett loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $90,000 | $1,152 |
| Median loan | $350,000 | $4,481 |
| 75th percentile loan | $972,500 | $12,451 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $350,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 2.2 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Everett loans approved since FY2024 had a median starting rate of 10% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $350,000 loan](https://www.sbaexpress.loans/loan-amounts/350000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Everett

Everett has 8 SBA 504 loans since FY2024, with $12.1 million in SBA and CDC dollars.

The median 504 loan in Everett was $1,096,000 in SBA and CDC dollars, 22% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Northwest Business Development Association is the Certified Development Company (CDC) named on the most loans since FY2020, with 10. Ameritrust CDC follows with 5. The three CDCs listed are named on 20 loans between them.

**CDCs named on five or more 504 loans in Everett, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Northwest Business Development Association | 10 |
| Ameritrust CDC | 5 |
| Evergreen Business Capital | 5 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Washington cities near Everett

Everett made up 2.3% of Washington's SBA loans since FY2024.

Everett is one of 24 Washington cities with 100 or more SBA loans since FY2020. The [Washington page](https://www.sbaexpress.loans/washington-small-business-loans/) covers all 4,798 loans in Washington. The closest come first, ranked by county and ZIP code on their loans.

- [Snohomish: 58 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/snohomish/)
- [Lynnwood: 78 loans, median $302,000](https://www.sbaexpress.loans/washington-small-business-loans/lynnwood/)
- [Bothell: 54 loans, median $235,000](https://www.sbaexpress.loans/washington-small-business-loans/bothell/)
- [Bellingham: 86 loans, median $227,300](https://www.sbaexpress.loans/washington-small-business-loans/bellingham/)
- [Seattle: 530 loans, median $188,000](https://www.sbaexpress.loans/washington-small-business-loans/seattle/)
- [Gig Harbor: 45 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/gig-harbor/)
- [Puyallup: 101 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/puyallup/)
- [Woodinville: 66 loans, median $350,000](https://www.sbaexpress.loans/washington-small-business-loans/woodinville/)

## Common questions about SBA loans in Everett

### Which lenders make the most SBA loans in Everett?

Columbia Bank leads with 10 loans in Everett since FY2024. KeyBank (7) and Bank of America (6) follow. Only lenders with five or more Everett loans are counted.

### Which industries get SBA loans in Everett?

Gasoline Stations with Convenience Stores leads with 11 loans in Everett since FY2024. Convenience Retailers (8) and Assisted Living Facilities for the Elderly (5) follow.

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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [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)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Seattle District Office](https://www.sba.gov/district/seattle)
- [SBA Portland District Office](https://www.sba.gov/district/portland)
- [Washington Small Business Development Center](https://wsbdc.org/)
- [SCORE, Washington](https://www.score.org/wa/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)