1st Security Bank of Washington

This is a bank that offers SBA loans and small business financing solutions designed to help entrepreneurs grow and succeed. You can find personalized lending options, expert guidance, and access to funding up to hundreds of thousands of dollars. They focus on supporting small businesses with tailored financial services in the region.

It is recommended to schedule an appointment to ensure personalized service, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit and prepare the necessary documentation.

1st Security Bank of Washington's Mountlake Terrace branch is open Monday through Friday from 8:00 AM to 5:00 PM. Please confirm directly with the lender regarding holiday hours.

There are no fees for simply visiting or inquiring; however, loan products may involve origination fees, closing costs, and interest charges as outlined in your loan agreement.

This bank primarily serves small business owners and residents within the region, but eligibility depends on meeting specific financial and credit criteria for loan approval.

Typically, a minimum personal credit score of 650 is preferred, though higher scores may improve approval chances and loan terms.

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of your application and supporting documentation.

Most banks keep weekday business hours and are closed on weekends, and 1st Security Bank of Washington typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call 1st Security Bank of Washington to confirm current weekend availability before you go.

1st Security Bank of Washington is located in Washington — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for 1st Security Bank of Washington, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by 1st Security Bank of Washington itself, which runs its own lending under its own ownership. If you work at 1st Security Bank of Washington, you can claim this listing from this page to manage it.

The core details for 1st Security Bank of Washington — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with 1st Security Bank of Washington before applying. If you represent 1st Security Bank of Washington, claim this listing to keep its information up to date.

Contact 1st Security Bank of Washington at (800) 683-0973 or email Chris Anderson (Loan Officer) at chris.anderson@fsbwa.com. Please confirm contact methods with the lender.

Like most SBA lenders, 1st Security Bank of Washington can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask 1st Security Bank of Washington directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether 1st Security Bank of Washington participates in SBA Express depends on its specific SBA lending authority. Contact 1st Security Bank of Washington and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. 1st Security Bank of Washington can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. 1st Security Bank of Washington's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask 1st Security Bank of Washington directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask 1st Security Bank of Washington what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask 1st Security Bank of Washington to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with 1st Security Bank of Washington to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. 1st Security Bank of Washington weighs this case by case under its own policy, so be upfront about your history and ask 1st Security Bank of Washington how it evaluates prior bankruptcies.