The best small business loans for Spokane, 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

Let's Get Started

"*" indicates required fields

Step 1 of 2

Industries we work with in Spokane, WA

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

  • icon green update

    Construction

  • icon green update

    Medical Practices

  • icon green update

    Beauty Salons

  • icon green update

    Retail Stores

  • icon green update

    Restaurants

  • icon green update

    Hotels

  • icon green update

    Manufacturing

  • icon green update

    Staffing

  • icon green update

    Automotive Businesses

  • icon green update

    Landscaping

  • icon green update

    Toy Businesses

  • icon green update

    Transportation

  • icon green update

    IT

  • icon green update

    Professional Services

  • icon green update

    Veterinary Practices

  • icon green update

    Franchise Businesses

shutterstock 19

See why thousands of businesses have made SMB Compass

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

  • icon green update

    SBA Loans

  • icon green update

    Term Loan

  • icon green update

    Invoice Financing

  • icon green update

    Business Line of Credit

  • icon green update

    Inventory Financing

  • icon green update

    Bridge Loans

  • icon green update

    Equipment Financing

  • icon green update

    Asset Based Loans

  • icon green update

    Purchase Order Financing

FAQs about small business loans in Spokane, WA

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

If you’re looking to get a small business loan in Spokane, 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 Spokane, 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 Spokane, 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.
 

Spokane WA

Spokane WA

 
What is the best place to get a business loan in Spokane, WA?

There are several options to consider when looking for a business loan in Spokane, WA. These options include banks, credit unions, online lenders, and other financial institutions. You can start by researching and comparing the loan terms and rates offered by different lenders to determine which is best for your needs. Consider working with a business loan broker who can help connect you with lenders and assist with the application process.

How do I come up with a business loan in Spokane, WA?

Here are the steps you can take to come up with a business loan in Spokane, WA:

  • Determine your financing needs: Consider how much money you need to borrow and for what purposes you will use the funds. This will help you determine which type of loan is best for your business.
  • Check your credit score: Lenders will consider your credit score when deciding whether to approve your loan application. A higher credit score can increase your approval chances and may result in a lower interest rate.
  • Research lenders: Look for lenders who offer business loans in Spokane, WA. You can start by checking with local banks, credit unions, and online lenders. Compare interest rates, terms, and fees to find the best loan option for your business.
  • Prepare your loan application: Lenders typically require information about your business, including financial statements and tax returns. Prepare these documents in advance to speed up the loan application process.
  • Apply for the loan: Once you have identified a lender and gathered the necessary documentation, submit your loan application. Be prepared to provide additional information or answer questions from the lender as part of the loan underwriting process.
  • Receive funding: If your loan application is approved, you will receive the funds in your business account. Make timely payments and keep up with your loan obligations to maintain a good credit history.
What is the highest business loan amount in Spokane, WA?

The highest business loan amount in Spokane, WA, can vary depending on the lender and the business's specific circumstances. Generally, small business loans can range from a few thousand to several million dollars. Still, the amount you may be eligible for will depend on factors such as your credit history, business plan, and financial statements. It's best to research different lenders and compare their loan options to find one that fits your needs.

Can I get a $10,000 business loan in Spokane, WA?

Yes, it is possible to get a $10,000 business loan in Spokane, WA, but the availability and terms of such a loan will depend on various factors, including the lender, the borrower's creditworthiness, and the purpose of the loan. Some lenders may have a minimum loan amount higher than $10,000, while others may offer loans as low as $1,000 or $2,000. Researching and comparing different lenders is recommended to find the one that best suits your needs and financial situation.