Washington Financial Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Washington Financial Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541330 | Engineering Services | 2 | $140K | $70K | 13.3% |
| 624410 | Child Care Services | 1 | $140K | $140K | 6.7% |
| 311611 | Animal (except Poultry) Slaughtering | 1 | $20K | $20K | 6.7% |
| 713910 | Golf Courses and Country Clubs | 1 | $1.0M | $1.0M | 6.7% |
| 325612 | Polish and Other Sanitation Good Manufacturing | 1 | $45K | $45K | 6.7% |
| 611110 | Elementary and Secondary Schools | 1 | $100K | $100K | 6.7% |
Geographic Distribution
SBA lending activity for Washington Financial Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 15 | $2.1M | 100.0% |
Why Choose Washington Financial Bank?
Based on SBA 7(a) lending track record from 1992-2000
- ✓Proven Track Record: 15 SBA loans approved, totaling $2.1M in financing
- ✓Industry Expertise: Specialized focus on Engineering Services, Child Care Services, Animal (except Poultry) Slaughtering
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 92 months
- ✓Loan Range: Loan sizes from $15K to $1.0M, with an average of $139K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
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 Washington Financial Bank SBA lending
What types of businesses does Washington Financial Bank typically finance?
Washington Financial Bank specializes in SBA 7(a) lending to specific industries including engineering services, child care services, animal (except poultry) slaughtering, golf courses and country clubs. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Washington Financial Bank's typical SBA loan terms?
Washington Financial Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 92 months (approximately 8 years). Loan sizes range from $15K to $1.0M, with an average loan size of $139K.
Do I need a business valuation for a Washington Financial Bank SBA loan?
Yes, Washington Financial 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 Washington Financial Bank compare to other SBA lenders?
Washington Financial Bank has originated 15 SBA loans totaling $2.1M 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 Washington Financial Bank lend in?
Washington Financial Bank provides SBA 7(a) financing with particularly strong presence in PA. 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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