The best small business loans for Seattle, WA

Take your business to new heights with the right financing

  • Apply in less than 60 seconds
  • Wide range of financing option for every need
  • Competitive rates and terms
  • Personalized service
  • Dedicated support team

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Industries we work with in Seattle, WA

We're proud to work with small businesses across various industries in Seattle, 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

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See why thousands of businesses have made SMB Compass

the top-rated small business loan provider in Seattle, WA

Garrett Cushing
Garrett Cushing
November 30, 2021.
Diligent and honest people to work with. SMB has been a great resource for my business, helped me through a variety of different financing over the years.
John Limato
John Limato
November 16, 2021.
I rarely write reviews but felt the need to thank the SMB team. Found them to be honest people that took the time to understand my business and walked me through the entire process.
Connor Johnson
Connor Johnson
November 4, 2021.
SMB helped me navigate through the growth period in my business. They were diligent and genuinely cared to make sure we got the percent line in place to meet our current needs. Very happy I was introduced to them and would highly recommend.
Michelle Cota
Michelle Cota
October 27, 2021.
I am so happy that SMB was able to help our company when we were in a jam. They were so attentive and so easy to work with. Helped step by step to get financed. Thank you Clay!
Veronica Akins
Veronica Akins
October 14, 2021.
SMB Compass was helpful and fast. They kept in contact and answered all my questions. The best part of our interactions was that the lender could have given me an extremely high interest rate loan when I thought that was my only option, but he instead told me of another option that fit our needs much better and saved us money! Thank you Clay
John Folco
John Folco
October 13, 2021.
True experts in the Commerical finance space. Great company to work with, look forward to a continued relationship.
Pat Mcandrews
Pat Mcandrews
October 8, 2021.
Great team of professionals to work with. Incredibly responsive and great problem solvers. Would recommend them to anybody.
Haroon S
Haroon S
September 22, 2021.
Clay was great to work with. Very responsive and great communication.
John Lutz
John Lutz
September 15, 2021.
Great people to work with. They were transparent and helpful from the first call to closing. I would recommend them to anyone in my network.
Matthew Seymour
Matthew Seymour
July 16, 2021.
Clay & Matt are experts in the industry and they are able to advise on a number of topics.

Learn more about our loan packages

The best small business loan in Seattle, 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 Seattle, WA

How to get a small business loan in Seattle, WA?

If you’re looking to get a small business loan in Seattle, WA, here’s what you should do:

  1. 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.
  2. Check your credit score. Many lenders in Seattle, 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.
  3. Research lenders. Many different types of lenders offer small business loans in Seattle, WA, including banks, credit unions, and online lenders. Research to find out which ones best fit your needs and qualifications.
  4. 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.
  5. 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.
  6. 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.
 

Seattle WA

Seattle WA

 
Can I borrow 100% for a business loan in Seattle, WA?

Borrowing 100% of the funds you need for a business loan in Seattle, WA, or anywhere else is generally tricky. Lenders usually ask for collateral, like real estate or equipment, to guarantee they’ll repay the loan.

 

While it may be difficult to borrow 100% of the funds you need, it's always best to speak with lenders or financial institutions to explore your options and find a loan product that meets your needs.

How to get a $40,000 business loan in Seattle, WA?

By working with online lenders, it is possible to receive a $40,000 loan within one day in Seattle, WA. Online lenders can provide same-day loans using their streamlined application processes and automated underwriting technologies. However, it’s not a guarantee that you’ll get an exact $40,000. The loan amount, terms, and rates vary depending on factors like creditworthiness, time in business, and revenue.

Can you get a business loan immediately in Seattle, WA?

Yes, you can get a business loan immediately in Seattle, WA, through online lenders. Some online lenders can issue loans much faster than traditional banks and offer more flexible loan terms.

 

At SMB Compass, we offer fast business loans so you can get funded in as little as 24 hours.

 

Before applying for a business loan, make sure you research all potential lenders to find the one with the most favorable terms. Additionally, develop a plan for how you will repay the loan and be confident that you can make all your payments on time. Finally, consider talking to friends or family members who have experience getting business loans to get their advice.

What are the easiest loans to get approved for in Seattle, WA?

In Seattle, WA, the easiest loans to get approved for are typically secured loans and those offered by online lenders. Secured loans require some form of collateral to secure the loan amount–usually an asset such as property or a car. Online lenders often offer quick access to funds without complicated paperwork, and they may also have less strict criteria than traditional banks regarding approvals. 

 

Ensure you understand the terms and conditions of the loan agreement before signing it so that you know exactly how much you are borrowing and what kind of repayment is expected.