Northwest Bank
SBA Preferred Lender bank in Boise, ID: SBA 7(a) up to $5M plus 504, 9.5% median variable rate (last 12 months), collateral required, weeks to close. Best for Northwest business buyers.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Established businesses in Idaho, Washington, Utah or Oregon buying a company, property or equipment with an SBA 7(a) loan up to $5 million.
Not for: Borrowers wanting a fixed rate, posted pricing or funding within days.
Lender List verdict: Northwest Bank approved 26 SBA 7(a) loans worth $34.7 million in the 12 months to June 2026, all variable at a median 9.5%. Solid for Northwest and Utah acquisitions; slow for urgent needs.
Northwest Bank at a glance
| Northwest Bank | |
|---|---|
| Lender type | FDIC-insured bank (cert 58752); SBA Preferred Lender |
| Founded / HQ | 2008 / Boise, Idaho |
| Products | SBA 7(a) up to $5 million; SBA 504; SBA International Trade |
| Cost | 9.5% median variable starting rate (last 12 months) |
| Term | 10 years most common; up to 25 years for real estate |
| Status | Active |
What is Northwest Bank?
Northwest Bank is a Boise, Idaho business bank founded in 2008, with $1.45 billion in assets and 6 offices at June 30, 2026. Offices: Boise, Nampa, Coeur d'Alene, Seattle, Lake Oswego (Oregon) and greater Salt Lake City; parent: Western Capital Corporation.
How Northwest Bank's SBA loans work
Northwest Bank makes SBA 7(a), 504 and International Trade loans and decided 22 of its last 26 7(a) approvals in-house as a Preferred Lender, averaging about $1.33 million. It had 28 approvals in FY2025 and 16 in FY2026 through June 30.
- Uses: acquisitions, real estate, equipment, working capital, refinancing
- Who borrows: 17 of 26 financed a change of ownership
- Where: Utah 16, Washington 8, Idaho 1, Arizona 1
Northwest Bank SBA rates and fees
Recent Northwest Bank 7(a) loans had a 9.5% median variable starting rate, 2.5 points above today's 7.00% Prime, ranging 9.0% to 10.25%. Expect the SBA guaranty fee (3% of the guaranteed share on $150,001 to $700,000); veteran-owned firms may pay less.
Worked example: a $350,000, 10-year loan at 9.5% costs $4,528.91 a month, or $193,469.74 in interest over 120 payments at a steady rate. The $7,875 guaranty fee lifts the APR to about 10.04%; the 9.5% rate sits under the SBA's 11.5% variable-rate cap for a $350,000 loan.
Northwest Bank requirements
Northwest Bank publishes no credit, revenue or time-in-business minimum.
| Requirement | Northwest Bank minimum |
|---|---|
| Credit score | Lender does not publish |
| Equity injection | 10%+ for start-ups and changes of ownership (SBA rule) |
| Collateral / guarantee | Collateral on every recent loan; guarantee from 20%+ owners |
| Size standard | Must meet SBA size standards |
| Time to close | SBA loans typically take 30 to 90 days |
Compare SBA 7(a) and SBA 504 loans, Plumas Bank (lends in all four states) or loan marketplace Lendio.
Frequently asked questions about Northwest Bank
Is Northwest Bank Legit? Yes. Northwest Bank has operated since 2008, is FDIC-insured (cert 58752), held $1.45 billion in assets at June 30, 2026, and is an SBA Preferred Lender. SBA data shows zero charge-offs among the 232 7(a) loans it approved from FY2020 through June 2026.
Is Northwest Bank in Boise the Same as Northwest Bank in Pennsylvania or Iowa? No. This Northwest Bank is headquartered in Boise, Idaho (FDIC cert 58752, northwest-bank.com) and serves Idaho, Washington, Oregon and Utah. Its routing number is 123206956. Banks with similar names in Pennsylvania and Iowa are separate companies with their own charters.
How Long Does Northwest Bank Take to Close an SBA Loan? Expect several weeks or more; SBA loans typically take 30 to 90 days from application to funding. As a Preferred Lender, Northwest Bank approves most loans without the 5 to 10 business-day SBA review, which the bank says saves borrowers weeks.
Does Northwest Bank Lend to Startups? Sometimes. Five of its 26 SBA 7(a) loans in the 12 months to June 2026 went to businesses two years old or younger, including two startups; six startups borrowed in FY2025. Expect at least 10% equity, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Established businesses in Idaho, Washington, Utah or Oregon buying a company, property or equipment with an SBA 7(a) loan up to $5 million.
Not for: Borrowers wanting a fixed rate, posted pricing or funding within days.
Lender List verdict: Northwest Bank approved 26 SBA 7(a) loans worth $34.7 million in the 12 months to June 2026, all variable at a median 9.5%. Solid for Northwest and Utah acquisitions; slow for urgent needs.
Northwest Bank at a glance
| Northwest Bank | |
|---|---|
| Lender type | FDIC-insured bank (cert 58752); SBA Preferred Lender |
| Founded / HQ | 2008 / Boise, Idaho |
| Products | SBA 7(a) up to $5 million; SBA 504; SBA International Trade |
| Cost | 9.5% median variable starting rate (last 12 months) |
| Term | 10 years most common; up to 25 years for real estate |
| Status | Active |
What is Northwest Bank?
Northwest Bank is a Boise, Idaho business bank founded in 2008, with $1.45 billion in assets and 6 offices at June 30, 2026. Offices: Boise, Nampa, Coeur d'Alene, Seattle, Lake Oswego (Oregon) and greater Salt Lake City; parent: Western Capital Corporation.
How Northwest Bank's SBA loans work
Northwest Bank makes SBA 7(a), 504 and International Trade loans and decided 22 of its last 26 7(a) approvals in-house as a Preferred Lender, averaging about $1.33 million. It had 28 approvals in FY2025 and 16 in FY2026 through June 30.
- Uses: acquisitions, real estate, equipment, working capital, refinancing
- Who borrows: 17 of 26 financed a change of ownership
- Where: Utah 16, Washington 8, Idaho 1, Arizona 1
Northwest Bank SBA rates and fees
Recent Northwest Bank 7(a) loans had a 9.5% median variable starting rate, 2.5 points above today's 7.00% Prime, ranging 9.0% to 10.25%. Expect the SBA guaranty fee (3% of the guaranteed share on $150,001 to $700,000); veteran-owned firms may pay less.
Worked example: a $350,000, 10-year loan at 9.5% costs $4,528.91 a month, or $193,469.74 in interest over 120 payments at a steady rate. The $7,875 guaranty fee lifts the APR to about 10.04%; the 9.5% rate sits under the SBA's 11.5% variable-rate cap for a $350,000 loan.
Northwest Bank requirements
Northwest Bank publishes no credit, revenue or time-in-business minimum.
| Requirement | Northwest Bank minimum |
|---|---|
| Credit score | Lender does not publish |
| Equity injection | 10%+ for start-ups and changes of ownership (SBA rule) |
| Collateral / guarantee | Collateral on every recent loan; guarantee from 20%+ owners |
| Size standard | Must meet SBA size standards |
| Time to close | SBA loans typically take 30 to 90 days |
Compare SBA 7(a) and SBA 504 loans, Plumas Bank (lends in all four states) or loan marketplace Lendio.
Frequently asked questions about Northwest Bank
Is Northwest Bank Legit? Yes. Northwest Bank has operated since 2008, is FDIC-insured (cert 58752), held $1.45 billion in assets at June 30, 2026, and is an SBA Preferred Lender. SBA data shows zero charge-offs among the 232 7(a) loans it approved from FY2020 through June 2026.
Is Northwest Bank in Boise the Same as Northwest Bank in Pennsylvania or Iowa? No. This Northwest Bank is headquartered in Boise, Idaho (FDIC cert 58752, northwest-bank.com) and serves Idaho, Washington, Oregon and Utah. Its routing number is 123206956. Banks with similar names in Pennsylvania and Iowa are separate companies with their own charters.
How Long Does Northwest Bank Take to Close an SBA Loan? Expect several weeks or more; SBA loans typically take 30 to 90 days from application to funding. As a Preferred Lender, Northwest Bank approves most loans without the 5 to 10 business-day SBA review, which the bank says saves borrowers weeks.
Does Northwest Bank Lend to Startups? Sometimes. Five of its 26 SBA 7(a) loans in the 12 months to June 2026 went to businesses two years old or younger, including two startups; six startups borrowed in FY2025. Expect at least 10% equity, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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