Capital for Washington operators
from Puget Sound to the Palouse.

Washington State is one of the most productive economies per capita in the country, anchored by an unusual combination of aerospace, software, cloud infrastructure, maritime trade, agriculture, and forestry. Boeing builds 737s in Renton and widebodies in Everett; Microsoft, Amazon, Expedia, T-Mobile, and Costco run global operations from the Puget Sound region; the ports of Seattle and Tacoma form one of the largest North American container gateways; the Yakima Valley grows more apples, hops, and cherries than anywhere else in the United States. Underneath every one of those anchors is a deep small-business operating economy — the restaurants, contractors, suppliers, freight carriers, retailers, and service businesses that keep the state running day to day. That is where we work.

Our Washington pipeline reaches every region of the state. In the central Puget Sound we fund operators across Seattle, Bellevue, Redmond, Kirkland, Renton, Kent, Auburn, Federal Way, and Tacoma. We cover the north Sound through Everett, Lynnwood, Bothell, Marysville, and up to Bellingham. The southwest corner brings us Vancouver, Camas, Battle Ground, and the lower Columbia. Eastern Washington adds Spokane, Spokane Valley, the Tri-Cities of Kennewick, Pasco, and Richland, Yakima, Walla Walla, and Wenatchee. The Olympic Peninsula and the San Juans add tourism, marine trades, and forestry operators we fund regularly.

The bank-lending coverage gap in Washington

Washington has a strong regional banking presence — names like Washington Federal, Banner Bank, Columbia, and the surviving branches of larger nationals — but the same structural pressures that have thinned community banking nationwide have hit the state hard. Underwriting at most banks is concentrated on commercial real estate, large commercial deposits, and high-net-worth lending, not on the $50K to $500K working-capital tickets that the state's small businesses actually need. A Ballard restaurant, a Spokane Valley auto shop, a Yakima orchard service business, a Kent 3PL — strong, deposit-rich operators — frequently cannot get a fast yes from a bank. We close that gap.

We are deposit-based underwriters. We read your four most recent months of business bank statements, your ledger, and how you actually operate the company. We do not require two years of tax returns, audited financials, or a 720 FICO. That approach fits Washington's mix because it accommodates the cash-heavy food-truck operator on Capitol Hill, the receivable-heavy ag packer in Wenatchee, the project-based contractor working tear-downs in Bellevue, and the platform-heavy DTC roaster shipping coffee out of SODO on the same underwriting bench.

Washington's industry mix, the way we see it

Technology and aerospace dominate the headlines and matter enormously to state GDP, but most software and aerospace primes do not fund through us — they fund through venture, corporate credit, and bond markets. Where we play heavily is the operating economy underneath those anchors: the restaurants, hotels, contractors, retailers, medical practices, ag operators, and logistics businesses that move Washington day to day. Coffee roasters and craft beverage producers, marine and fishing-industry vendors, forestry contractors in the Olympics and the Cascades, and the long tail of professional services firms in every metro round out the top of the book.

Washington is best understood as a coastal Puget Sound megapolis, an inland Spokane metro, a Columbia Basin and Yakima Valley agricultural corridor, and a southwest Washington extension of the Portland metro. Below is how the major regions break down in our book.

Seattle

Seattle is the largest single Washington market in our book by a wide margin. We fund operators across Downtown, Capitol Hill, Ballard, Fremont, the University District, West Seattle, South Lake Union, SODO, and Georgetown. The industry mix is unusually broad: restaurants and bars, hospitality, construction and trades riding the Amazon and SLU growth wave, logistics tied to the Port of Seattle, healthcare, beauty and wellness, specialty coffee roasters and cafe operators, marine trades along the waterfront and out of Fishermen's Terminal, and the long tail of service businesses orbiting the major tech employers.

Bellevue and the Eastside

Bellevue, Redmond, Kirkland, Issaquah, Sammamish, and Bothell form one of the densest small-business markets per capita in the country. Microsoft's Redmond campus, the expanded Amazon Bellevue footprint, and dozens of mid-cap tech employers anchor an operating economy of restaurants, contractors, dental and medical practices, professional services, and high-end retail. Ticket sizes on the Eastside skew larger than the state median because operating costs and average revenue per location are materially higher.

Tacoma and the South Sound

Tacoma anchors the South Sound and is one of the most active logistics markets on the West Coast. The Port of Tacoma combines with the Port of Seattle as the Northwest Seaport Alliance, and the trucking, drayage, warehousing, and 3PL operators that move those containers form a meaningful slice of our Tacoma book. Outside logistics we fund a deep restaurant, hospitality, construction, and healthcare base from Tacoma through Lakewood, Puyallup, Federal Way, and Auburn.

Spokane

Spokane is the commercial capital of the Inland Northwest, serving eastern Washington, northern Idaho, and western Montana. Healthcare is the dominant employer with Providence and MultiCare anchoring a deep medical and dental practice book. Outside healthcare we fund construction, restaurants and bars across Downtown and South Hill, manufacturing operators across the Spokane Valley industrial corridor, and the trucking fleets that run the I-90 corridor.

Vancouver and southwest Washington

Vancouver functions as the Washington-side extension of the Portland metro and brings us a steady mix of construction, contractors, healthcare, restaurants, and logistics operators. Camas, Washougal, Battle Ground, and Ridgefield round out the southwest book, and the lower Columbia trades — fishing, marine repair, and tourism — add a coastal slice.

Yakima Valley and the Columbia Basin

The Yakima Valley grows the bulk of the United States hop crop, a huge share of the apple and cherry crop, and a deep wine industry that now rivals Napa and Sonoma in scale. We fund packing sheds, cold-storage operators, custom harvesters, ag-service contractors, wineries, and the trucking fleets that move product from field to port. The Tri-Cities of Kennewick, Pasco, and Richland add a Hanford-adjacent professional services and construction layer.