Washington Trust Bank

This is a local bank offering SBA loan programs and small business financing support. You can find assistance with loan applications, business planning, and financial advice tailored to small businesses in Spokane.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours for general inquiries.

Washington Trust Bank's Spokane Main Financial Center lobby is open Monday through Friday from 9 a.m. to 5 p.m. Please confirm current hours directly with the bank at (509) 353-3865.

There are no fees for initial consultations; however, standard loan origination and closing costs apply to funded loans.

This bank primarily serves small business owners and entrepreneurs in Spokane, but open to any qualified applicants within the region.

A minimum personal credit score of 620 is generally required for loan qualification.

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

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

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

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

You can reach Washington Trust Bank by phone at (509) 353-3865 or online at watrust.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 Washington Trust Bank before relying on them.

Based on its approved SBA loans, Washington Trust Bank most often finances businesses in construction & contractors, restaurants & food service, medical practices & clinics, general retail, manufacturing, and transportation & trucking. This reflects Washington Trust 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 Washington Trust 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 Washington Trust Bank participates in SBA Express depends on its specific SBA lending authority. Contact Washington Trust 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. Washington Trust 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. Washington Trust Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Washington Trust 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 Washington Trust 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 Washington Trust 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 Washington Trust 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. Washington Trust Bank weighs this case by case under its own policy, so be upfront about your history and ask Washington Trust Bank how it evaluates prior bankruptcies.