This article is the result of distinctive research into small business financiers in the state of Washington, grounded in factual data. Our rankings are determined by the volume of small business loans they have disbursed this year.
To put it simply, this roster includes the financial institutions and lenders that are actively providing the greatest number of loans to small businesses within the state.
(Contrary to what you might find on other sites, which often focus on nonprofit organizations that seldom offer loans and government schemes that few businesses are eligible for!)
Takeaway: Large, national banks issue most of the small business loans in Washington.
Methodology: The information provided draws from data on SBA 7a loans, indicating that each lender mentioned offers SBA loans. Additionally, we've detailed the various small business financing options these lenders advertise on their websites.
Regrettably, conventional banks often demand robust credit scores and a business history exceeding two years. Consequently, we initiated our list with a couple of financing alternatives tailored for small business proprietors grappling with poor credit and a brief business tenure.
