# Small business loans in Spokane Valley, WA

**Short answer:** The most active SBA lenders in Spokane Valley, WA since FY2024 are RiverBank (14 loans) and Banner Bank (8). The median loan was $207,000, and half fell between $50,000 and $571,500. 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/spokane-valley/
Data as of: 2026-06-30

## Lenders making SBA loans in Spokane Valley

No lender made more than 17% of the loans in Spokane Valley, and RiverBank made the most. The five largest lenders together made 50%.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [RiverBank](https://www.sbaexpress.loans/sba-express-lenders/riverbank/) | 14 | 16.7% |
| [Banner Bank](https://www.sbaexpress.loans/sba-express-lenders/banner-bank/) | 8 | 9.5% |
| [Columbia Bank](https://www.sbaexpress.loans/sba-express-lenders/columbia-bank/) | 7 | 8.3% |
| [Idaho Central Credit Union](https://www.sbaexpress.loans/sba-express-lenders/idaho-central-credit-union/): Credit union | 7 | 8.3% |
| [Heritage Bank](https://www.sbaexpress.loans/sba-express-lenders/heritage-bank/) | 6 | 7.1% |

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

## Local help near Spokane Valley

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

17% of Spokane Valley 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 Spokane Valley

Spokane Valley ranks 13th by loans since FY2024 among the 24 Washington cities with 100 or more SBA loans since FY2020. Nationally it is the 272nd busiest of the 580 cities that reach 100 loans.

The 84 loans, 1.8% of the 4,798 in Washington, were approved for $43.8 million in all. The median loan was $207,000, 38% above the national median of $150,300. Half of the loans fell between $50,000 and $571,500. The Spokane Valley median is 38% above the Washington median of $150,000.

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

| Measure | Spokane Valley | Washington | U.S. |
| --- | --- | --- | --- |
| Loans | 84 | 4,798 | 162,355 |
| Median loan | $207,000 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $571,500 | $500,000 | $500,000 |
| Via SBA Express | 41.7% | 45.6% | 35.8% |
| Lines of credit | 38.1% | 36.6% | 28.1% |
| Startups | 6.0% | 9.9% | 16.1% |
| Ownership changes | 21.4% | 14.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 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.

73% of the loans were $500,000 or less, the size SBA Express covers. 41.7% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 38.1% of loans, above the national 28.1%.

SBA loans in Spokane Valley, WA by size, FY2024 to June 2026

- $50,000 or less (26%): 22
- $50,001 to $150,000 (21%): 18
- $150,001 to $350,000 (18%): 15
- $350,001 to $500,000 (7%): 6
- $500,001 to $1,000,000 (14%): 12
- $1,000,001 to $2,000,000 (8%): 7
- 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.

By business age, 61.9% of loans went to businesses more than two years old and 10.7% to businesses two years old or younger. Startups received 6.0% and changes of ownership 21.4%. The national startup share is 16.1%.

SBA loans in Spokane Valley, WA by fiscal year

- FY2020: 17
- FY2021: 19
- FY2022: 16
- FY2023: 25
- FY2024: 24
- FY2025: 39
- FY2026 (through June 30): 21

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

Volume rose 62% from FY2024 (24 loans) to FY2025 (39), the two latest full years. The busiest full year in the file was FY2025, with 39 loans. FY2026 already shows 21 loans through June 30.

Of the 52 loans Spokane Valley borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 1,199 jobs supported across the 84 loans since FY2024, about 14.3 per loan. SBA does not audit these estimates.

## What businesses in Spokane Valley borrow for

Plumbing, Heating, and Air-Conditioning Contractors was the largest borrower group in Spokane Valley, with 5 loans or 6.0% of the total.

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

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Plumbing, Heating, and Air-Conditioning Contractors](https://www.sbaexpress.loans/industries/plumbing-heating-air-conditioning-contractors/) | 5 | 6.0% | 1.9% |

Share is the percent of all Spokane Valley 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 Spokane Valley

The median Spokane Valley loan was $207,000 with a median term of 10 years.

The median variable-rate loan in Spokane Valley was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $207,000 over 10 years, principal and interest would come to about $2,622 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $633 |
| Median loan | $207,000 | $2,622 |
| 75th percentile loan | $571,500 | $7,240 |

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 $207,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 4.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Spokane Valley loans approved since FY2024 had a median starting rate of 9.75% 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 $200,000 loan](https://www.sbaexpress.loans/loan-amounts/200000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Spokane Valley

Spokane Valley has 7 SBA 504 loans since FY2024, with $5.3 million in SBA and CDC dollars.

The median 504 loan in Spokane Valley was $698,000 in SBA and CDC dollars, 14% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Evergreen Business Capital is the Certified Development Company (CDC) named on the most loans since FY2020, with 9. Northwest Business Development Association follows with 9. The three CDCs listed are named on 23 loans between them.

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

| Certified Development Company | 504 loans |
| --- | --- |
| Evergreen Business Capital | 9 |
| Northwest Business Development Association | 9 |
| Capital Matrix, Inc. | 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 Spokane Valley

Spokane Valley made up 1.8% of Washington's SBA loans since FY2024.

Spokane Valley 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.

- [Spokane: 198 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/spokane/)
- [Kennewick: 57 loans, median $102,700](https://www.sbaexpress.loans/washington-small-business-loans/kennewick/)
- [Yakima: 68 loans, median $147,500](https://www.sbaexpress.loans/washington-small-business-loans/yakima/)
- [Vancouver: 243 loans, median $138,000](https://www.sbaexpress.loans/washington-small-business-loans/vancouver/)
- [Olympia: 85 loans, median $161,500](https://www.sbaexpress.loans/washington-small-business-loans/olympia/)
- [Lakewood: 49 loans, median $296,000](https://www.sbaexpress.loans/washington-small-business-loans/lakewood/)
- [Tacoma: 187 loans, median $150,000](https://www.sbaexpress.loans/washington-small-business-loans/tacoma/)
- [Puyallup: 101 loans, median $100,000](https://www.sbaexpress.loans/washington-small-business-loans/puyallup/)

## Common questions about SBA loans in Spokane Valley

### Which lenders make the most SBA loans in Spokane Valley?

RiverBank leads with 14 loans in Spokane Valley since FY2024. Banner Bank (8) and Columbia Bank (7) follow. Only lenders with five or more Spokane Valley loans are counted.

### Which industries get SBA loans in Spokane Valley?

Plumbing, Heating, and Air-Conditioning Contractors leads with 5 loans in Spokane Valley since FY2024.

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)