Mechanics Bank approved 24 SBA loans worth $20.6M between October 2021 and June 2026, ranking #813 of 2,283 SBA lenders nationally by loan count. Its median loan was $629,000, and 38% went to startups or businesses under two years old. It lent in 4 states, most often in Washington, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Washington | 18 | $17.9M | $932,000 | #58 |
| Hawaii | 3 | $984K | $165,000 | #26 |
| California | 2 | $1.2M | $615,000 | #249 |
| Oregon | 1 | $402K | $402,000 | #135 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 8 | $460,000 | |
| Retail | 4 | $496,000 | |
| Health care and social assistance | 2 | $1,684,000 | |
| Other services (repair, personal care) | 2 | $444,000 | |
| Restaurants and hotels | 2 | $895,500 | |
| Transportation and warehousing | 2 | $1,247,500 | |
| Real estate and rental | 1 | $510,000 | |
| Professional and technical services | 1 | $402,000 | |
| Manufacturing | 1 | $32,000 | |
| Wholesale trade | 1 | $454,000 |