02-05-2025
- Business
- Business Journals
Here are the largest SBA lenders in the Puget Sound region, by 7(a) loan volume
The largest SBA lenders in the Puget Sound region were active making loans through the Small Business Administration's 7(a) program last year in King, Kitsap, Pierce and Snohomish counties.
The 47 lenders on The List collectively approved or originated $145.7 million in SBA 7(a) loan for projects in the Puget Sound region in 2024. According to the SBA, the 7(a) program is intended to assist small businesses in financing a variety of general business purposes by guaranteeing loans made by participating lenders, whereas the 504 program originates private-sector loans to cover project costs, with notable features including junior and senior liens as well as minimum equity investments by borrowers.
The online version of this ranking expands beyond what appears in print; another 27 SBA loan recipients are included in our digital rankings, in addition to the 20 featured in this week's print edition.
This week's rankings are part of a broader strategy shift in our research methodology and philosophy, one that will emphasize more data and context for readers while better coordinating the resources available to us and our 46 sister publications under the American City Business Journals flag. We anticipate this effort will identify thousands of new local records — and cumulatively, tens of thousands of new businesses across ACBJ's footprint — this year alone.
Information on The List was obtained from the Small Business Administration.
For information about this and other Pittsburgh Business Ties Lists, please contact Data Reporter Neetish Basnet at nbasnet@ or 206-876-5434.
