SBA lending record

Sponge; Sponge School

507 N 61ST ST, Seattle, WA 98103 · All Other Miscellaneous Schools and Instruction. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$322K

Total SBA financing

Loan on record

FY2025

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$321,500 — FY2025

Gross approval: $321,500
SBA guaranteed: $241,125 (75%)
Status: Current
Rate at approval: 10.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 5/1/2025
First disbursement: 5/30/2025
Days to fund: 29 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 8
Business type: Corporation
Business age: Change of Ownership
Industry: All Other Miscellaneous Schools and Instruction
NAICS code: 611699
Lender: BayFirst National Bank
Address: 507 N 61ST ST
City: Seattle, 98103
County: King
SBA district office: SEATTLE DISTRICT OFFICE
Congressional district: 7

The lender

BayFirst National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding all other miscellaneous schools and instruction — by location, industry.

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Comparable all other miscellaneous schools and instruction in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

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Agent summary

This page summarizes the public SBA 7(a) lending record for Sponge; Sponge School in Seattle, WA (All Other Miscellaneous Schools and Instruction). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $322K
On record FY2025
8 jobs supported
Industry: All Other Miscellaneous Schools and Instruction
Location: Seattle, WA
Lender: BayFirst National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Miscellaneous Schools and Instruction businesses in WA for ~$322k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/sponge-sponge-school-wa
API:: https://www.capbench.com/api/public/businesses/sponge-sponge-school-wa
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Sponge; Sponge School.