Sound Credit Union
Headquartered in TACOMA, WA. Analysis based on 206 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $43.6M.
Total 7(a) loans
206
Total approved
$43.6M
Average loan
$212K
States funded in
1
Charge-off rate
1.41%
FY2020–FY2023 cohort
Paid-in-full rate
22.54%
Average rate
10.49%
Average term
104 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 9 |
| 722330 | Mobile Food Services | 7 |
| 722511 | Full-Service Restaurants | 7 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 6 |
| 812112 | Beauty Salons | 6 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 5 |
| 238210 | Electrical Contractors | 5 |
| 541611 | Administrative Management and General Management Consulting Services | 5 |
| 812910 | Pet Care (except Veterinary) Services | 4 |
| 561720 | Janitorial Services | 4 |
Top 10 states
| State | Loans |
|---|---|
| WA | 206 |
Top franchise brands financed
4 franchise loans across 4 distinct brands.
| Franchise | Loans |
|---|---|
| Chevron - Retail Supply Contra | 1 |
| Jimmy John's | 1 |
| Fit Body Boot Camp | 1 |
| Anytime Fitness | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.