Small Business Loans

We're shaking things up with a simplified loan process for small businesses that takes days instead of weeks. Secure financing for your small business with Seattle Bank's fixed rate term loan. With rates as low as 8.96%¹, no prepayment penalty, and quick processing times, get the financing you need for your small business, fast.

Complete your online application within minutes and get a decision within one business day. Once your application has been approved, you can use your funds for nearly any business related expenses.

• Refinance your existing loans
• Cover payroll and other day-to-day expenses
• Open a new business location
• Purchase inventory and stock up on supplies
• Invest in new equipment, including vehicles and machinery
• Use as emergency funds
• Consolidate debt

¹Rate effective as of 2/6/23 and subject to change. All loans are subject to credit approval and underwriting standards. Individual rate, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and discounts. Refer to account disclosures for additional costs, terms and conditions.

We make it easy to apply and secure your financing with our three step process. Complete your online application within minutes and get a decision within one business day.

Step 1: Complete the online application.

Get started on our streamlined online application process, available 24/7. You’ll be asked to provide applicant information, business information, access to bank data, and a signature for the loan documents. The application typically takes around 10 minutes to complete.

Step 2: Get a decision within one business day.

Prior to approval, a dedicated specialist from Seattle Bank will get in touch with you to review and verify your information, as well as assist you with any questions you might have.

Step 3: Receive your funds.

If you’re approved, we’ll finalize your loan and deposit your funds into your preferred bank account.

• Primary applicant personal information (name, birth date, address, SSN, email, phone number)
• Beneficial owners information, including name and percent ownership
• Business name and information (business address, DBA, EIN/TIN, business phone number, number of employees, annual revenue)
• Business banking login

Qualifications

• Minimum annual revenue: $100,000
• Minimum time in business: 2 years
• Minimum personal credit file length: 3 years
• Minimum Experian Consumer Score: 680
• Washington State residents only

Pricing

Interest will be fixed for the life of the loan, repaid over monthly principal and interest payments. The actual interest rate will be subject to underwriting.