SBA 7(a) lenders in Skagit, WA

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

67 institutions have SBA 7(a) loans on record in Skagit, together $259.4M across 532 loans. Harborstone CU is the largest, with 16% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Harborstone CU	89	$41.4M	16.0%	1.80%
2	Heritage Bank	60	$18.4M	7.1%	2.31%
3	Bank of Hope	10	$17.5M	6.8%	0.00%
4	U.S. Bank, National Association	59	$13.9M	5.4%	2.38%
5	Live Oak Banking Company	10	$12.7M	4.9%	0.00%
6	UniBank	7	$12.2M	4.7%	0.00%
7	Hana Small Business Lending, Inc.	6	$8.8M	3.4%	5.57%
8	KeyBank National Association	12	$8.4M	3.2%	0.11%
9	Mountain Pacific Bank	8	$6.9M	2.7%	0.00%
10	Open Bank	4	$6.7M	2.6%	0.00%
11	Wells Fargo Bank National Association	31	$6.4M	2.5%	0.05%
12	Columbia Bank	21	$5.9M	2.3%	0.00%
13	Summit State Bank	2	$5.7M	2.2%	0.00%
14	Readycap Lending, LLC	7	$5.6M	2.2%	0.00%
15	Hanmi Bank	5	$5.5M	2.1%	0.00%
16	PCB Bank	5	$5.5M	2.1%	3.45%
17	Peoples Bank	23	$5.3M	2.0%	0.00%
18	Celtic Bank Corporation	3	$5.1M	2.0%	0.00%
19	Bank of the Pacific	18	$4.9M	1.9%	0.40%
20	Coastal Community Bank	11	$4.8M	1.9%	0.00%
21	Banner Bank	42	$4.5M	1.7%	1.34%
22	American Continental Bank	2	$4.3M	1.6%	0.00%
23	US Metro Bank	4	$4.2M	1.6%	0.00%
24	Commonwealth Business Bank	2	$3.1M	1.2%	0.00%
25	First Interstate Bank	3	$2.8M	1.1%	0.00%
26	JPMorgan Chase Bank, National Association	8	$2.7M	1.1%	0.31%
27	Bank of America, National Association	7	$2.7M	1.0%	0.61%
28	Mechanics Bank	3	$2.6M	1.0%	75.49%
29	First Fed Bank	2	$2.4M	0.9%	0.00%
30	United Community Bank	2	$2.2M	0.9%	0.00%
31	Metro City Bank	2	$2.0M	0.8%	0.00%
32	Gesa CU	2	$2.0M	0.8%	0.00%
33	Northwest Bank	1	$1.7M	0.7%	0.00%
34	First Merchants Bank	1	$1.7M	0.7%	0.00%
35	Northeast Bank	7	$1.6M	0.6%	0.00%
36	Banc of California	2	$1.4M	0.5%	42.98%
37	Washington Trust Bank	3	$1.3M	0.5%	0.00%
38	Beacon Business Bank National Association	1	$1.2M	0.5%	0.00%
39	Stearns Bank National Association	2	$1.1M	0.4%	0.00%
40	Evolve Bank and Trust	2	$1.1M	0.4%	0.00%
41	Harvest Small Business Finance, LLC	1	$1.1M	0.4%	0.00%
42	Enterprise Bank & Trust	2	$904K	0.3%	0.00%
43	BayFirst National Bank	2	$900K	0.3%	0.00%
44	Newtek Small Business Finance, Inc.	2	$707K	0.3%	0.00%
45	PNC Bank, National Association	1	$700K	0.3%	0.00%
46	America First Federal Credit Union	1	$687K	0.3%	0.00%
47	East West Bank	1	$575K	0.2%	0.00%
48	Merchants Bank of California, National Association	1	$550K	0.2%	0.00%
49	VelocitySBA, LLC	4	$528K	0.2%	0.00%
50	American Riviera Bank	1	$469K	0.2%	0.00%
51	BMO Bank National Association	2	$460K	0.2%	0.00%
52	WaFd Bank	5	$414K	0.2%	0.00%
53	Whatcom Educational CU	3	$409K	0.2%	0.00%
54	GBC International Bank	1	$350K	0.1%	0.00%
55	United Business Bank	1	$345K	0.1%	0.00%
56	Woori America Bank	1	$270K	0.1%	0.00%
57	Whidbey Island Bank	2	$263K	0.1%	41.14%
58	United Midwest Savings Bank National Association	2	$250K	0.1%	0.00%
59	Craft3	1	$242K	0.1%	0.00%
60	New Millennium Bank	1	$235K	0.1%	0.00%
61	Evergreen Business Capital	1	$225K	0.1%	0.00%
62	UT Federal Credit Union	2	$212K	0.1%	0.00%
63	West Coast Community Bank	1	$150K	0.1%	0.00%
64	Navy FCU	1	$130K	0.1%	0.00%
65	Numerica CU	1	$35K	0.0%	0.00%
66	Newtek Bank, National Association	1	$30K	0.0%	0.00%
67	Capital One National Association	1	$25K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	91	$71.1M	27.4%
2	Retail trade	73	$49.9M	19.3%
3	Retail trade	33	$23.1M	8.9%
4	Health care & social assistance	41	$20.5M	7.9%
5	Other services	38	$15.7M	6.0%
6	Manufacturing	34	$14.0M	5.4%
7	Construction	57	$13.9M	5.4%
8	Professional & technical services	33	$10.8M	4.2%
9	Transportation & warehousing	24	$7.7M	3.0%
10	Arts, entertainment & recreation	19	$6.2M	2.4%
11	Real estate & leasing	10	$5.8M	2.2%
12	Transportation & warehousing	6	$5.6M	2.1%
13	Wholesale trade	12	$3.8M	1.5%
14	Educational services	8	$3.7M	1.4%
15	Agriculture, forestry & fishing	13	$2.7M	1.0%
16	Administrative & waste services	18	$2.0M	0.8%
17	Manufacturing	10	$1.2M	0.4%
18	Finance & insurance	6	$989K	0.4%
19	Utilities	2	$502K	0.2%
20	Manufacturing	3	$167K	0.1%
21	Information	1	$100K	0.0%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.