During the last five years more than $3 billion in SBA guaranteed financing has gone to support small businesses in the Seattle District Office territory, which includes 35 of 39 Washington state counties and 10 counties in the Idaho panhandle.
During the fiscal year starting October 1, 2011 and ending September 30, 2012, 91 lenders made 1,219 7(a) loans, worth more than $468 million. Six CDCs made 211 loans for more than $169 million. Adding the $211 million of private lending credit on these deals, businesses realized $380 million in 504 commercial real estate and fixed asset financing last fiscal year. Below you will see the list of lenders who made 10 or more 7(a) loans last fiscal year.
The near-record pace was driven in part by a record year for the Certified Development Company (504) loan program, which supported $15.09 billion in small business credits. The strong performance of 504 loans was boosted by the temporary 504 refinancing program, which was responsible for 26 percent of the 504 program loans made in FY 2012 and 34 percent of the dollar volume. The recently expired 504 refinancing program was part of the incentive package under the Jobs Act.
Nationwide SBA lending supported $30.25 billion in loans to small businesses. For more on national fiscal-year-end lending from SBA, go to this press release.