WaFd Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by WaFd Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 7 | $933K | $133K | 2.0% |
| 621310 | Offices of Chiropractors | 5 | $610K | $122K | 1.4% |
| 812112 | Beauty Salons | 5 | $186K | $37K | 1.4% |
| 326199 | All Other Plastics Product Manufacturing | 5 | $515K | $103K | 1.4% |
| 811111 | General Automotive Repair | 5 | $826K | $165K | 1.4% |
| 624410 | Child Care Services | 4 | $239K | $60K | 1.1% |
| 713940 | Fitness and Recreational Sports Centers | 4 | $445K | $111K | 1.1% |
| 722511 | Full-Service Restaurants | 4 | $100K | $25K | 1.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 4 | $580K | $145K | 1.1% |
| 238210 | Electrical Contractors and Other Wiring Installation Contractors | 3 | $211K | $70K | 0.9% |
Geographic Distribution
SBA lending activity for WaFd Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 102 | $16.3M | 29.1% |
| New Mexico (NM) | 88 | $11.3M | 25.1% |
| Texas (TX) | 69 | $9.3M | 19.7% |
| Arizona (AZ) | 25 | $7.4M | 7.1% |
| Oregon (OR) | 46 | $6.1M | 13.1% |
| California (CA) | 2 | $279K | 0.6% |
| Oklahoma (OK) | 1 | $250K | 0.3% |
| Idaho (ID) | 7 | $215K | 2.0% |
| Nevada (NV) | 5 | $154K | 1.4% |
| Utah (UT) | 5 | $75K | 1.4% |
Why Choose WaFd Bank?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 350 SBA loans approved, totaling $51.3M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Offices of Chiropractors, Beauty Salons
- ✓Competitive Terms: Average interest rate of 10.34% with flexible term lengths averaging 99 months
- ✓Loan Range: Loan sizes from $6K to $1.7M, with an average of $147K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in WA, NM, TX
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 WaFd Bank SBA lending
What types of businesses does WaFd Bank typically finance?
WaFd Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), offices of chiropractors, beauty salons, all other plastics product manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are WaFd Bank's typical SBA loan terms?
WaFd Bank's SBA 7(a) loans typically feature an average interest rate of 10.34% and average term length of 99 months (approximately 8 years). Loan sizes range from $6K to $1.7M, with an average loan size of $147K.
Do I need a business valuation for a WaFd Bank SBA loan?
Yes, WaFd 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 WaFd Bank compare to other SBA lenders?
WaFd Bank has originated 350 SBA loans totaling $51.3M since 1992. 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 WaFd Bank lend in?
WaFd Bank provides SBA 7(a) financing with particularly strong presence in WA, NM, TX, OR, AZ. 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?
Certified valuations are often required for SBA loans over $250,000.
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