Washington Trust Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Washington Trust Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621210 | Offices of Dentists | 62 | $36.6M | $591K | 4.0% |
| 722511 | Full-Service Restaurants | 52 | $39.4M | $758K | 3.3% |
| 621310 | Offices of Chiropractors | 33 | $6.9M | $208K | 2.1% |
| 722513 | Limited-Service Restaurants | 28 | $10.4M | $372K | 1.8% |
| 713940 | Fitness and Recreational Sports Centers | 28 | $14.5M | $518K | 1.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 27 | $6.2M | $230K | 1.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 23 | $10.9M | $473K | 1.5% |
| 238910 | Site Preparation Contractors | 21 | $3.6M | $172K | 1.3% |
| 484110 | General Freight Trucking, Local | 21 | $5.6M | $268K | 1.3% |
| 722410 | Drinking Places (Alcoholic Beverages) | 20 | $3.6M | $180K | 1.3% |
Geographic Distribution
SBA lending activity for Washington Trust Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 966 | $352.8M | 61.8% |
| Idaho (ID) | 499 | $191.3M | 31.9% |
| Oregon (OR) | 86 | $34.4M | 5.5% |
| Utah (UT) | 2 | $5.0M | 0.1% |
| Montana (MT) | 5 | $2.9M | 0.3% |
| California (CA) | 4 | $456K | 0.3% |
| Pennsylvania (PA) | 1 | $50K | 0.1% |
Why Choose Washington Trust Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 1,563 SBA loans approved, totaling $586.8M in financing
- ✓Industry Expertise: Specialized focus on Offices of Dentists, Full-Service Restaurants, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 120 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $375K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in WA, ID, OR
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 Trust Bank SBA lending
What types of businesses does Washington Trust Bank typically finance?
Washington Trust Bank specializes in SBA 7(a) lending to specific industries including offices of dentists, full-service restaurants, offices of chiropractors, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Washington Trust Bank's typical SBA loan terms?
Washington Trust Bank's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 120 months (approximately 10 years). Loan sizes range from $5K to $5.0M, with an average loan size of $375K.
Do I need a business valuation for a Washington Trust Bank SBA loan?
Yes, Washington Trust 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 Trust Bank compare to other SBA lenders?
Washington Trust Bank has originated 1,563 SBA loans totaling $586.8M since 1991. 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 Trust Bank lend in?
Washington Trust Bank provides SBA 7(a) financing with particularly strong presence in WA, ID, OR, MT, CA. 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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