Washington Trust Bank
WA
SBA-approved lender offering 6 loan programs across 25 industries.
Key Metrics
Interest Rate
8.26%
1.51% over prime
Average Loan
$594K
Per approval
Total Approvals
98
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (25)
Administrative Management and General Management Consulting ServicesBeauty SalonsBowling CentersCar WashesCommercial and Industrial Machinery and Equipment (except Automotive aCommercial and Institutional Building ConstructionDrinking Places (Alcoholic Beverages)Engineering ServicesEnvironmental Consulting ServicesFitness and Recreational Sports CentersFull-Service RestaurantsGeneral Automotive RepairGeneral Freight Trucking, LocalHome Health Care ServicesLimited-Service RestaurantsNew Single-Family Housing Construction (except Operative Builders)Offices of ChiropractorsOther Aircraft Parts and Auxiliary Equipment ManufacturingPlumbing, Heating, and Air-Conditioning ContractorsPostharvest Crop Activities (except Cotton Ginning)Remediation ServicesSite Preparation ContractorsSnack and Nonalcoholic Beverage BarsWholesale Trade Agents and BrokersWineries
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.51%
- Effective Rate
- 8.26%
- Fiscal Year
- 2025
- States Served
- WA
- Website
- www.watrust.com
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