1st Security Bank of Washington
MOUNTLAKE TERRACE, WA 98043
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- General Automotive Repair
- New Single-Family Housing Construction (except Operative Builders)
- Janitorial Services
Quick Summary
1st Security Bank of Washington is an SBA-approved lender headquartered in MOUNTLAKE TERRACE, Washington. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 124 SBA 7(a) loans totaling $19.0M, with an average loan size of $153K. They serve businesses across 3 states.
About 1st Security Bank of Washington
1st Security Bank of Washington is an SBA-approved lender headquartered in MOUNTLAKE TERRACE, Washington. Since 2020, they have approved 124 SBA 7(a) loans totaling $19.0M, with an average loan size of $153K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 3 states.
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Frequently Asked Questions
Is 1st Security Bank of Washington an SBA Preferred Lender?
Yes, 1st Security Bank of Washington is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has 1st Security Bank of Washington approved?
According to SBA FOIA public records, 1st Security Bank of Washington has approved 124 SBA 7(a) loans totaling $19.0M since 2020. Their average loan size is $153K.
What states does 1st Security Bank of Washington serve?
1st Security Bank of Washington serves businesses in 3 states: Idaho, Oregon, Washington.
How do I apply for an SBA loan with 1st Security Bank of Washington?
To apply for an SBA 7(a) loan with 1st Security Bank of Washington, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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