WaFd Bank

This is a bank that offers SBA lending services tailored to small businesses, providing financing options like SBA 7(a) loans to support growth and development. You can find information on loan programs, application processes, and personalized assistance to help you secure funding for your business needs.

It's recommended to schedule an appointment to meet with a loan officer for personalized guidance, but walk-in consultations may be available during business hours. Calling ahead can ensure you receive dedicated assistance promptly.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's best to contact the branch directly to confirm hours or to schedule an appointment outside regular hours if needed.

There are no fees for simply inquiring or applying for SBA loans, but standard loan-related fees such as guarantee fees, closing costs, and interest rates apply depending on the loan terms.

This bank primarily serves residents and small business owners in the local and regional area, but eligibility for SBA loans depends on meeting specific financial and business criteria.

A minimum personal credit score of around 640 is typically required, but approval depends on overall financial health, collateral, and business performance.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and WaFd Bank 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 WaFd Bank to confirm current weekend availability before you go.

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

The core details for WaFd Bank — 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 WaFd Bank before applying. If you represent WaFd Bank, claim this listing to keep its information up to date.

You can reach WaFd Bank by phone at (206) 204-3446 or online at wafdbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with WaFd Bank before relying on them.

Based on its approved SBA loans, WaFd Bank most often finances businesses in construction & contractors, restaurants & food service, medical practices & clinics, manufacturing, transportation & trucking, and automotive repair & services. This reflects WaFd Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with WaFd Bank which sectors 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 WaFd Bank participates in SBA Express depends on its specific SBA lending authority. Contact WaFd Bank 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. WaFd Bank 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. WaFd Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask WaFd Bank 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 WaFd Bank 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 WaFd Bank 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 WaFd Bank 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. WaFd Bank weighs this case by case under its own policy, so be upfront about your history and ask WaFd Bank how it evaluates prior bankruptcies.