SHANE PIERSON · SBA DATA
SBA by City · Bellingham, WA

SBA Lending in Bellingham, Washington

Businesses in Bellingham, WA have drawn 1,020 SBA 7(a) loans worth $354M, and annual volume has fallen 41% versus the prior decade.

1,020
7(a) loans
$354M
Approved dollars
$347,473
Average loan size
#8
Rank in Washington
-41%
Annualized vs prior decade
5.2%
Active-loan distress

Bellingham is the #8 SBA 7(a) market in Washington and #190 in the country. Since 1991 lenders have approved 1,020 loans here worth $354M, averaging $347,473 each. Annual approval volume has fallen 41% between FY2013-2019 and FY2020-2026. 5.2% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is full-service restaurants.

What Bellingham borrows for

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7(a) loans only, approved and not cancelled, gross basis, grouped by the borrower's city as filed. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026.