The best small business loans for Bellingham, WA
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Industries we work with in Bellingham, WA
We're proud to work with small businesses across various industries in Bellingham, WA. Whether you're in healthcare, construction, or technology, we're here to help you grow and succeed. Our financing solutions are customized to meet your needs, so you can focus on what you do best - running your business!
Here are some of the many industries we serve:
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Construction
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Medical Practices
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Beauty Salons
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Retail Stores
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Restaurants
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Hotels
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Manufacturing
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Staffing
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Automotive Businesses
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Landscaping
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Toy Businesses
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Transportation
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IT
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Professional Services
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Veterinary Practices
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Franchise Businesses

See why thousands of businesses have made SMB Compass
the top-rated small business loan provider in Bellingham, WA
Learn more about our loan packages
The best small business loan in Bellingham, WA
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SBA Loans
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Term Loan
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Invoice Financing
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Business Line of Credit
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Inventory Financing
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Bridge Loans
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Equipment Financing
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Asset Based Loans
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Purchase Order Financing
FAQs about small business loans in Bellingham, WA
If you’re looking to get a small business loan in Bellingham, WA, here’s what you should do:
- Know what you need. Before applying for a loan, get a clear idea of how much money your business needs and how you will use the funds. Doing so can help identify the best type of loan for your needs.
- Check your credit score. Many lenders in Bellingham, WA, will look at your credit score when reviewing your application, so knowing where you stand is important. If your score is less than ideal, consider improving it by making timely payments, keeping old accounts open, and limiting new credit applications.
- Research lenders. Many different types of lenders offer small business loans in Bellingham, WA, including banks, credit unions, and online lenders. Research to find out which ones best fit your needs and qualifications.
- Prepare your application. Once you’ve identified potential lenders, prepare your loan application carefully. This may include providing financial statements, tax returns, and other documentation demonstrating your ability to repay the loan.
- Apply for the loan. If you’ve found a lender you’re comfortable with, it’s time to start your application. The process varies from lender to lender, but essentially, you need to submit your loan application along with the required documents. You also need to prepare to answer any additional questions the lender may have.
- Wait for a decision. The lender will then review your application and decide whether to approve your loan or not. Funding speed depends on the lender and loan type. Banks usually take weeks or months, while online lenders can fund your business in a day.

Bellingham, WA
In Bellingham, WA, a small business is generally defined as a company with a limited number of employees and generating relatively low revenue. Specifically, the Small Business Administration (SBA) defines a small business as one with fewer than 500 employees for most industries.
Whether a business loan is tied to your personal credit in Bellingham, WA, depends on the loan type and the lender's requirements. Some business loans may require a personal guarantee, which means that the borrower is personally responsible for repaying the loan if the business is unable to do so. In such cases, the borrower's personal credit score may be a factor in the lender's decision to approve the loan and in determining the interest rate and other loan terms. However, there are also business loans that do not require a personal guarantee and are based solely on the financial health and creditworthiness of the business.
Collateral requirements for a business loan in Bellingham, WA, can vary depending on the lender, loan amount, and other factors. Some lenders may require business loan collateral, while others offer unsecured loans. However, having collateral improves the chances of getting approved for a loan and may result in better loan terms, such as lower interest rates.
Regarding the minimum credit score for a business loan in Bellingham, WA, there is no set number, as lenders consider multiple factors when evaluating loan applications. However, having a good credit score can increase the chances of being approved for a business loan and result in better loan terms. Generally, a credit score of 650 or higher is considered suitable for a business loan, but some lenders may require a higher score.