WASHINGTON · NAICS NAICS 484, 4885, 4931 families
Washington trucking and logistics projects ride the Seattle-Tacoma port complex and the I-5 and I-90 corridors, with drayage and intermodal demand concentrated in the Kent Valley. Studies translate rate per mile, fuel, utilization, and contract concentration into projections, and reconcile equipment, real estate, and working capital structures against coverage under stress.
FEASIBILITY TRIGGER
Trucking and logistics deals carry projection-sensitive underwriting; rate per mile, fuel, and contract concentration must be stress-tested.
Between FY2010 and FY2026, SBA lenders approved and disbursed 718 7(a) and 504 loans for trucking and logistics projects in Washington, totaling $268.8 million in approved financing at an average of $374,000 per loan. Washington ranks #13 of 38 states tracked for trucking and logistics SBA lending volume and accounts for 3.0% of national trucking and logistics SBA dollar volume. 94.6% of these loans were made under the 7(a) program, the remainder under 504. 148 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 718 |
| Approved volume | $268.8 million |
| Average loan size | $374,000 |
| 7(a) share | 94.6% |
| Approvals since FY2024 | 148 |
| State rank by loan count | #13 of 38 |
Among the 464 seasoned loans in this segment (approvals FY2010–FY2021), 4.3% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for trucking and logistics is 9.2%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 4.3% adverse-resolution rate below the national trucking and logistics benchmark of 9.2% supports the credit story for well-underwritten Washington projects in this class. Across 718 SBA loans averaging $374,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Washington trucking and logistics project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Washington projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, decisive in a Puget Sound market where land costs run high. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The Seattle-Tacoma port complex and the I-5 and I-90 corridors make Washington the freight gateway of the Pacific Northwest, with drayage and intermodal demand concentrated in the Kent Valley.
For a national view of this asset class, see our trucking and logistics SBA feasibility overview, and read our related analysis in the trucking and logistics lending research on our blog.
Compare neighboring markets: Virginia, West Virginia, Texas.
Public SBA and CDC program records, cited as program evidence
Seedcopa-documented SBA 504 of $4,853,000 within an $11,866,000 project with Cross River Bank
Fiscal 2024 Seedcopa-documented financing, national program evidence
Wilkes-Barre, Luzerne County, Pennsylvania
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