# Small business loans in Gig Harbor, WA

**Short answer:** The most active SBA lenders in Gig Harbor, WA since FY2024 are Newtek Bank (5 loans) and U.S. Bank (5). The median loan was $150,000, and half fell between $60,000 and $486,000. 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/gig-harbor/
Data as of: 2026-06-30

## Lenders making SBA loans in Gig Harbor

No lender made more than 11% of the loans in Gig Harbor, and Newtek Bank made the most.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 5 | 11.1% |
| [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/) | 5 | 11.1% |

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

Gig Harbor has two lenders with five or more loans since FY2024. Others had fewer, and the Washington page counts 157 lenders with at least one approved loan statewide.

## Local help near Gig Harbor

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

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 Gig Harbor

Gig Harbor ranks 24th by loans since FY2024 among the 24 Washington cities with 100 or more SBA loans since FY2020. Nationally it is the 554th busiest of the 580 cities that reach 100 loans.

The 45 loans, 0.9% of the 4,798 in Washington, were approved for $22.1 million in all. The median loan was $150,000, close to the national median of $150,300. Half of the loans fell between $60,000 and $486,000. The Washington median is $150,000.

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

| Measure | Gig Harbor | Washington | U.S. |
| --- | --- | --- | --- |
| Loans | 45 | 4,798 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $60,000 | $50,000 | $50,000 |
| 75th percentile | $486,000 | $500,000 | $500,000 |
| Via SBA Express | 37.8% | 45.6% | 35.8% |
| Lines of credit | 26.7% | 36.6% | 28.1% |
| Startups | n/a | 9.9% | 16.1% |
| Ownership changes | 17.8% | 14.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 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.

37.8% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 26.7% of loans, close to the national 28.1%.

SBA loans in Gig Harbor, WA by size, FY2024 to June 2026

- $50,000 or less (24%): 11
- $50,001 to $150,000 (31%): 14
- $150,001 to $350,000 (18%): 8
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

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

SBA loans in Gig Harbor, WA by fiscal year

- FY2020: 12
- FY2021: 21
- FY2022: 16
- FY2023: 14
- FY2024: 18
- FY2025: 12
- FY2026 (through June 30): 15

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

Volume fell 33% from FY2024 (18 loans) to FY2025 (12), the two latest full years. The busiest full year in the file was FY2021, with 21 loans. FY2026 already shows 15 loans through June 30.

Of the 49 loans Gig Harbor borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 260 jobs supported across the 45 loans since FY2024, about 5.8 per loan. SBA does not audit these estimates.

## What businesses in Gig Harbor borrow for

Fitness and Recreational Sports Centers was the largest borrower group in Gig Harbor since FY2020, with 5 loans or 4.6% of the total.

**Industries with the most SBA loans in Gig Harbor, WA, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/washington/) | 5 | 4.6% | 2.1% |
| [Offices of Physicians (except Mental Health Specialists)](https://www.sbaexpress.loans/industries/offices-of-physicians/) | 5 | 4.6% | 1.1% |

Share is the percent of all Gig Harbor 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 Gig Harbor

The median Gig Harbor loan was $150,000 with a median term of 10 years.

The median variable-rate loan in Gig Harbor was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $150,000 over 10 years, principal and interest would come to about $1,962 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $60,000 | $785 |
| Median loan | $150,000 | $1,962 |
| 75th percentile loan | $486,000 | $6,355 |

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 $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Gig Harbor loans approved since FY2024 had a median starting rate of 10.5% 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 $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Gig Harbor

The 504 file lists fewer than five loans in Gig Harbor since FY2020.

That is too few to publish a count, a dollar total or a median for Gig Harbor.

No Certified Development Company (CDC) is named on five or more 504 loans in Gig Harbor, so the list below is Washington's. Evergreen Business Capital is named on the most there, 114 loans since FY2024.

**CDCs named on five or more 504 loans in Washington, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Evergreen Business Capital | 114 |
| Northwest Business Development Association | 85 |
| Ameritrust CDC | 59 |
| Capital Matrix, Inc. | 15 |
| Cascade Capital Funding | 7 |

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 Gig Harbor

Gig Harbor made up 0.9% of Washington's SBA loans since FY2024.

Gig Harbor 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.

- [Puyallup: 101 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/puyallup/)
- [Tacoma: 187 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/tacoma/)
- [Lakewood: 49 loans, median $296,000](https://www.sbaexpress.loans/washington-small-business-loans/lakewood/)
- [Snohomish: 58 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/snohomish/)
- [Bellingham: 86 loans, median $227,300](https://www.sbaexpress.loans/washington-small-business-loans/bellingham/)
- [Everett: 111 loans, median $350,000](https://www.sbaexpress.loans/washington-small-business-loans/everett/)
- [Olympia: 85 loans, median $161,500](https://www.sbaexpress.loans/washington-small-business-loans/olympia/)
- [Seattle: 530 loans, median $188,000](https://www.sbaexpress.loans/washington-small-business-loans/seattle/)

## Common questions about SBA loans in Gig Harbor

### Which lenders make the most SBA loans in Gig Harbor?

Newtek Bank leads with 5 loans in Gig Harbor since FY2024. U.S. Bank (5) follows. Only lenders with five or more Gig Harbor loans are counted.

### Which industries get SBA loans in Gig Harbor?

Fitness and Recreational Sports Centers leads with 5 loans in Gig Harbor since FY2020. Offices of Physicians (except Mental Health Specialists) (5) follows.

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)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)