1st Security Bank of Washington
Headquartered in MOUNTLAKE TERRACE, WA. Analysis based on 124 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $19.0M.
Total 7(a) loans
124
Total approved
$19.0M
Average loan
$153K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
29.49%
Average rate
8.36%
Average term
121 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 8 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 7 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 6 |
| 811111 | General Automotive Repair | 6 |
| 561720 | Janitorial Services | 5 |
| 114111 | Finfish Fishing | 5 |
| 312120 | Breweries | 5 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 4 |
| 444220 | Nursery and Garden Centers | 3 |
| 621310 | Offices of Chiropractors | 3 |
Top 10 states
| State | Loans |
|---|---|
| OR | 78 |
| WA | 45 |
| ID | 1 |
Top franchise brands financed
1 franchise loans across 1 distinct brands.
| Franchise | Loans |
|---|---|
| Pirtek | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.