Washington Trust Bank
At a Glance
The one bank on this queue that has written the words search fund on its own site; the desk behind the article is a Preferred Lender with named bankers and no acquisition line on its product pages.
- Pricing
- Custom Pricing, Loan products; terms by term sheet. No size, rate, fee or term is published for any business loan; both loan pages say the SBA loan comes with business-friendly terms and flexible terms, subject to credit approval.
- Best For
- A buyer in Washington, Idaho or Oregon who wants a Preferred Lender that has written about search funds and buying an existing business in its own voice, and will meet a named small business banker in their city.
- Roadmap Stages
- 5. Diligence & Close the Deal
Pros and Cons
Pros
- An SBA Preferred Lender on both its small business and commercial loan pages, in its own words
- Its article on buying an existing business defines a search fund and entrepreneurship through acquisition and puts SBA-backed loans first among the funding sources
- Twenty-three small business bankers named with titles and cities on its team page, and a priority service line on the loans page
- More than forty locations across Washington, Idaho and Oregon by its own pages, with an expert in the neighborhood in its own words
Cons
- Its product pages name no acquisition use; buying a business appears only in an article under its articles section
- No size, rate, fee or term for any business loan, and no SBA-titled banker
- Its team roster prints no phones, and there is no online application
- Names no searcher desk of its own; the search fund sentence is an explainer, not a practice
What Searchers Say
Read on its small business loans page, its commercial loans page, its two team pages, its locations, story, expertise, newsroom and contact pages, its small business and commercial hubs, its article on buying an existing business and a news item on its commercial lending growth. No searcher-forum discussion of the desk was found.