# Small business loans in Spokane, WA

**Short answer:** The most active SBA lenders in Spokane, WA since FY2024 are RiverBank (33 loans) and Washington Trust Bank (20). The median loan was $150,000, and half fell between $50,000 and $486,250. 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/
Data as of: 2026-06-30

## Lenders making SBA loans in Spokane

No lender made more than 17% of the loans in Spokane, and RiverBank made the most. The five largest lenders together made 46%.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [RiverBank](https://www.sbaexpress.loans/sba-express-lenders/riverbank/) | 33 | 16.7% |
| [Washington Trust Bank](https://www.sbaexpress.loans/sba-express-lenders/washington-trust-bank/) | 20 | 10.1% |
| [Banner Bank](https://www.sbaexpress.loans/sba-express-lenders/banner-bank/) | 17 | 8.6% |
| [Columbia Bank](https://www.sbaexpress.loans/sba-express-lenders/columbia-bank/) | 11 | 5.6% |
| [Numerica CU](https://www.sbaexpress.loans/sba-express-lenders/numerica-cu/): Credit union | 10 | 5.1% |

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

## Local help near Spokane

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

29% of Spokane 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

Spokane ranks 3rd by loans since FY2024 among the 24 Washington cities with 100 or more SBA loans since FY2020. Nationally it is the 83rd busiest of the 580 cities that reach 100 loans.

The 198 loans, 4.1% of the 4,798 in Washington, were approved for $94.1 million in all. The median loan was $150,000, close to the national median of $150,300. Half of the loans fell between $50,000 and $486,250. The Washington median is $150,000.

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

| Measure | Spokane | Washington | U.S. |
| --- | --- | --- | --- |
| Loans | 198 | 4,798 | 162,355 |
| Median loan | $150,000 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $486,250 | $500,000 | $500,000 |
| Via SBA Express | 39.9% | 45.6% | 35.8% |
| Lines of credit | 32.8% | 36.6% | 28.1% |
| Startups | 10.1% | 9.9% | 16.1% |
| Ownership changes | 16.2% | 14.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.5 | 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.

77% of the loans were $500,000 or less, the size SBA Express covers. 39.9% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 32.8% of loans, above the national 28.1%.

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

- $50,000 or less (29%): 57
- $50,001 to $150,000 (26%): 52
- $150,001 to $350,000 (16%): 31
- $350,001 to $500,000 (7%): 13
- $500,001 to $1,000,000 (10%): 19
- $1,000,001 to $2,000,000 (7%): 13
- Over $2,000,000 (7%): 13

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

By business age, 54.5% of loans went to businesses more than two years old and 19.2% to businesses two years old or younger. Startups received 10.1% and changes of ownership 16.2%. The national startup share is 16.1%.

SBA loans in Spokane, WA by fiscal year

- FY2020: 42
- FY2021: 50
- FY2022: 41
- FY2023: 60
- FY2024: 66
- FY2025: 79
- FY2026 (through June 30): 53

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

Volume rose 20% from FY2024 (66 loans) to FY2025 (79), the two latest full years. The busiest full year in the file was FY2025, with 79 loans. FY2026 already shows 53 loans through June 30.

Of the 133 loans Spokane borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 1,816 jobs supported across the 198 loans since FY2024, about 9.2 per loan. SBA does not audit these estimates.

## What businesses in Spokane borrow for

Full-Service Restaurants was the largest borrower group in Spokane, with 16 loans or 8.1% of the total.

The five largest industries made up 22% of all Spokane loans.

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

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/washington/) | 16 | 8.1% | 4.6% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/washington/) | 8 | 4.0% | 3.3% |
| [Residential Remodelers](https://www.sbaexpress.loans/industries/residential-remodelers/washington/) | 7 | 3.5% | 2.3% |
| [Snack and Nonalcoholic Beverage Bars](https://www.sbaexpress.loans/industries/snack-nonalcoholic-beverage-bars/washington/) | 7 | 3.5% | 1.6% |
| [All Other Specialty Trade Contractors](https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/) | 5 | 2.5% | 1.7% |

Share is the percent of all Spokane 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

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

The median variable-rate loan in Spokane was priced at Prime plus 2.5 percentage points at approval. At today's Prime that spread works out to 9.50%. On $150,000 over 10 years, principal and interest would come to about $1,941 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $647 |
| Median loan | $150,000 | $1,941 |
| 75th percentile loan | $486,250 | $6,292 |

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 3.5 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Spokane 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 $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 Spokane

Spokane has 5 SBA 504 loans since FY2024, with $4.2 million in SBA and CDC dollars.

The median 504 loan in Spokane was $337,000 in SBA and CDC dollars, 7% 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 11. Capital Matrix, Inc. follows with 6. The three CDCs listed are named on 23 loans between them.

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

| Certified Development Company | 504 loans |
| --- | --- |
| Northwest Business Development Association | 11 |
| Capital Matrix, Inc. | 6 |
| Evergreen Business Capital | 6 |

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

Spokane made up 4.1% of Washington's SBA loans since FY2024.

Spokane 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 Valley: 84 loans, median $207,000](https://www.sbaexpress.loans/washington-small-business-loans/spokane-valley/)
- [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

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

RiverBank leads with 33 loans in Spokane since FY2024. Washington Trust Bank (20) and Banner Bank (17) follow. Only lenders with five or more Spokane loans are counted.

### Which industries get SBA loans in Spokane?

Full-Service Restaurants leads with 16 loans in Spokane since FY2024. Limited-Service Restaurants (8) and Residential Remodelers (7) 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)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)