Kitsap Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Kitsap Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 32 | $6.0M | $188K | 9.3% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $4.6M | $192K | 7.0% |
| 238990 | All Other Specialty Trade Contractors | 24 | $11.7M | $486K | 7.0% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 16 | $7.2M | $449K | 4.7% |
| 812910 | Pet Care (except Veterinary) Services | 16 | $2.7M | $168K | 4.7% |
| 811111 | General Automotive Repair | 16 | $1.2M | $75K | 4.7% |
| 812112 | Beauty Salons | 16 | $640K | $40K | 4.7% |
| 811411 | Home and Garden Equipment Repair and Maintenance | 16 | $9.0M | $563K | 4.7% |
| 449129 | Other | 16 | $872K | $55K | 4.7% |
| 451140 | Musical Instrument and Supplies Stores | 16 | $1.9M | $120K | 4.7% |
Geographic Distribution
SBA lending activity for Kitsap Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 344 | $132.2M | 100.0% |
Why Choose Kitsap Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 344 SBA loans approved, totaling $132.2M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Snack and Nonalcoholic Beverage Bars, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 7.85% with flexible term lengths averaging 121 months
- ✓Loan Range: Loan sizes from $25K to $2.3M, with an average of $384K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Kitsap Bank SBA lending
What types of businesses does Kitsap Bank typically finance?
Kitsap Bank specializes in SBA 7(a) lending to specific industries including limited-service restaurants, snack and nonalcoholic beverage bars, all other specialty trade contractors, lessors of nonresidential buildings (except miniwarehouses). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Kitsap Bank's typical SBA loan terms?
Kitsap Bank's SBA 7(a) loans typically feature an average interest rate of 7.85% and average term length of 121 months (approximately 10 years). Loan sizes range from $25K to $2.3M, with an average loan size of $384K.
Do I need a business valuation for a Kitsap Bank SBA loan?
Yes, Kitsap Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Kitsap Bank compare to other SBA lenders?
Kitsap Bank has originated 344 SBA loans totaling $132.2M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Kitsap Bank lend in?
Kitsap Bank provides SBA 7(a) financing with particularly strong presence in WA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.