| $150,000–350,000 | MATELLA LLC | BELLINGHAM, WA | Readycap Lending, LLC |
| $150,000–350,000 | MEADOW GREENS, LLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | MERIDIAN AUTO AND TIRE, INC. | BELLINGHAM, WA | Heritage Bank |
| $350,000–1 million | MERL INC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | METCALF HODGES P.S. | BELLINGHAM, WA | First Federal Savings & Loan Association of Port Angeles d/b/a First Federal |
| $150,000–350,000 | MGM SOLUTIONS INC | BELLINGHAM, WA | Heritage Bank |
| $150,000–350,000 | MICHAEL R. JORGENSON, D.D.S., P.S. | BELLINGHAM, WA | Washington Federal Bank, National Association |
| $350,000–1 million | MOCERI CONSTRUCTION, INC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | MOLES FAMILY SERVICE INC. | BELLINGHAM, WA | The Bancorp Bank |
| $150,000–350,000 | MORENO AND YOUNG DDS, PLLC | BELLINGHAM, WA | Peoples Bank |
| $1–2 million | MORSE DISTRIBUTION INC. | BELLINGHAM, WA | Heritage Bank |
| $350,000–1 million | MOTHERSHIP GLASS LLC | BELLINGHAM, WA | Readycap Lending, LLC |
| $150,000–350,000 | MOUNT BAKER THEATRE | BELLINGHAM, WA | Peoples Bank |
| $1–2 million | MT. BAKER IMAGING, PLLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | MT. BAKER NEPHROLOGY ASSOCIATES | BELLINGHAM, WA | Peoples Bank |
| $1–2 million | MT. BAKER PRODUCTS, INC. | BELLINGHAM, WA | Bank of the Pacific |
| $1–2 million | MT. BAKER ROOFING, INC | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | MT. BAKER SKI AREA, INC. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | MT. BAKER VISION CLINIC P.L.L.P. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NANAK FOODS INC | BELLINGHAM, WA | Banner Bank |
| $150,000–350,000 | NEIGHBORHOOD MORTGAGE | BELLINGHAM, WA | Banner Bank |
| $150,000–350,000 | NEW BAGELRY LLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NEW MBT INC | BELLINGHAM, WA | KeyBank National Association |
| $1–2 million | NIELSEN BROTHERS. INC | BELLINGHAM, WA | Bank of the Pacific |
| $150,000–350,000 | NO 1 COLLISION CORP | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | NON-GMO PROJECT | BELLINGHAM, WA | Beneficial State Bank |
| $150,000–350,000 | NORTH SOUND ACCOUNTABLE COMMUNITY OF HEALTH | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NORTHERN SERVICES, INC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NORTHSHORE VETERINARY HOSPITAL INC | BELLINGHAM, WA | Readycap Lending, LLC |
| $150,000–350,000 | NORTHSTAR ASSOCIATES PLLC | BELLINGHAM, WA | SaviBank |
| $150,000–350,000 | NORTHWEST DENTURE CENTERS INC | BELLINGHAM, WA | SaviBank |
| $350,000–1 million | NORTHWEST ENDOSCOPY CENTER, LLC | BELLINGHAM, WA | U.S. Bank, National Association |
| $150,000–350,000 | NORTHWEST ENERGY SYSTEM OF WAS | BELLINGHAM, WA | Heritage Bank |
| $150,000–350,000 | NORTHWEST EYE CLINIC INC, PS | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | NORTHWEST GASTROENTEROLOGY, PLLC | BELLINGHAM, WA | U.S. Bank, National Association |
| $350,000–1 million | NORTHWEST HOSPITALITY DEVELOPMENT, LLC | BELLINGHAM, WA | First National Bank of Omaha |
| $1–2 million | NORTHWEST PATHOLOGY, P.S. | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | NORTHWEST RADIOLOGISTS, INC., P.S. | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | NORTHWEST RECYCLING, INC. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NORTHWEST WALK-IN HEALTH CENTER, P.S. | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | NORTHWEST YOUTH SERVICES | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | NW EXPLORATIONS, LLC | BELLINGHAM, WA | BMO Harris Bank National Association |
| $150,000–350,000 | NWMODERNFAB, LLC | BELLINGHAM, WA | U.S. Bank, National Association |
| $150,000–350,000 | OCEANSIDE CONSTRUCTION, INC. | BELLINGHAM, WA | KeyBank National Association |
| $150,000–350,000 | OLSEN AUTO BODY & COLLISION INC | BELLINGHAM, WA | Banner Bank |
| $150,000–350,000 | OLTMAN INSURANCE AGENCY, INC | BELLINGHAM, WA | SaviBank |
| $1–2 million | OPPORTUNITY COUNCIL | BELLINGHAM, WA | Heritage Bank |
| $150,000–350,000 | OUILETTE BROTHERS YACHT CHARTERS, INC. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | OVERHEAD DOOR CO OF BELLINGHAM | BELLINGHAM, WA | U.S. Bank, National Association |
| $150,000–350,000 | PACIFIC FACILITY SOLUTIONS, INC. | BELLINGHAM, WA | Whatcom Educational CU |
| $150,000–350,000 | PACIFIC NORTHWEST PSYCHIATRY, PS | BELLINGHAM, WA | U.S. Bank, National Association |
| $350,000–1 million | PACIFIC NORTHWEST UROLOGY SPECIALISTS, PLLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | PACIFIC RIM ORTHOPAEDIC SURGEONS PLLC | BELLINGHAM, WA | KeyBank National Association |
| $350,000–1 million | PACIFIC RIM OUTPATIENT SURGERY CENTER, LIMITED LIABILITY COMPANY | BELLINGHAM, WA | Whatcom Educational CU |
| $350,000–1 million | PACIFIC SURVEYING & ENGINEERING SERVICES, INC. | BELLINGHAM, WA | Umpqua Bank |
| $150,000–350,000 | PAD THAI, INC. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | PARKER JOHN C HALEY DDS PLLC | BELLINGHAM, WA | Columbia State Bank |
| $350,000–1 million | PARKER REMICK LLC | BELLINGHAM, WA | KeyBank National Association |
| $150,000–350,000 | PARKWAY GENERAL SURGEONS, LLC | BELLINGHAM, WA | Peoples Bank |
| $1–2 million | PIONEER FOOD SERVICE INC | BELLINGHAM, WA | Citizens Bank, National Association |
| $150,000–350,000 | PIPER AND PIPER PS | BELLINGHAM, WA | Banner Bank |
| $150,000–350,000 | PROFECTION PAINTING, INC. | BELLINGHAM, WA | Washington Federal Bank, National Association |
| $150,000–350,000 | Q SEA SPECIALTY SERVICES LLC | BELLINGHAM, WA | Northrim Bank |
| $150,000–350,000 | QUAIL FINANCIAL SOLUTIONS, INC. | BELLINGHAM, WA | Western State Bank |
| $1–2 million | RAM CONSTRUCTION GENERAL CONTRACTORS LLC | BELLINGHAM, WA | Heritage Bank |
| $350,000–1 million | RAZZ CONSTRUCTION INC. | BELLINGHAM, WA | First Federal Savings & Loan Association of Port Angeles d/b/a First Federal |
| $150,000–350,000 | RE SOURCES | BELLINGHAM, WA | Heritage Bank |
| $350,000–1 million | RHLI INC | BELLINGHAM, WA | Bank of America, National Association |
| $1–2 million | RICE INSURANCE, L.L.C. | BELLINGHAM, WA | Heritage Bank |
| $150,000–350,000 | RICHARD SIMCOCK DDS PS | BELLINGHAM, WA | Bank of America, National Association |
| $150,000–350,000 | RMC ARCHITECTS PLLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | ROTH CONSTRUCTION, INC | BELLINGHAM, WA | Whatcom Educational CU |
| $350,000–1 million | S & S CONCRETE CONST., INC. | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | SAFETY SIGNS INC | BELLINGHAM, WA | Peoples Bank |
| $1–2 million | SANITARY SERVICE COMPANY, INC | BELLINGHAM, WA | U.S. Bank, National Association |
| $150,000–350,000 | SCOCON LLC | BELLINGHAM, WA | Heritage Bank |
| $150,000–350,000 | SCOTT L CLOUGH DDS PS | BELLINGHAM, WA | Bank of the Pacific |
| $150,000–350,000 | SEA SPORT BOAT COMPANY, LLC | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | SEAFOOD PRODUCERS COOPERATIVE | BELLINGHAM, WA | Northrim Bank |
| $150,000–350,000 | SEAPRODUCTS WEST, INC. | BELLINGHAM, WA | KeyBank National Association |
| $150,000–350,000 | SEAVIEW BOATYARD NORTH, INC. | BELLINGHAM, WA | Banner Bank |
| $150,000–350,000 | SECOND WIND AVIATION CORPORATION | BELLINGHAM, WA | KeyBank National Association |
| $150,000–350,000 | SEEKING HEALTH, LLC | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | SIGNS PLUS, INC. | BELLINGHAM, WA | Bank of the Pacific |
| $1–2 million | SILFAB SOLAR WA INC. | BELLINGHAM, WA | JPMorgan Chase Bank, National Association |
| $350,000–1 million | SILVASTAR FOREST PRODUCTS LLC | BELLINGHAM, WA | Bank of the Pacific |
| $1–2 million | SJ AUTOMOTIVE INVESTMENTS WA, LIMITED LIABILITY CORPORATION | BELLINGHAM, WA | JPMorgan Chase Bank, National Association |
| $150,000–350,000 | SKEERS CONSTRUCTION, INC. | BELLINGHAM, WA | Washington Federal Bank, National Association |
| $150,000–350,000 | SKID STEER SOLUTIONS LLC | BELLINGHAM, WA | Bank of America, National Association |
| $2–5 million | SOCIETY OF PHOTO-OPTICAL INSTRUMENTATION ENGINEERS | BELLINGHAM, WA | Bank of America, National Association |
| $350,000–1 million | SOUND PAIN ALLIANCE | BELLINGHAM, WA | Cross River Bank |
| $350,000–1 million | SSM EVERGREEN ENTERPRISES, INC. | BELLINGHAM, WA | Peoples Bank |
| $350,000–1 million | ST. FRANCIS OPERATIONS, LLC | BELLINGHAM, WA | Umpqua Bank |
| $350,000–1 million | STARLINE WINDOWS USA LLC | BELLINGHAM, WA | Bank of America, National Association |
| $350,000–1 million | STARTOUCH, INC. | BELLINGHAM, WA | JPMorgan Chase Bank, National Association |
| $1–2 million | STRIDER CONSTRUCTION CO., INC. | BELLINGHAM, WA | Washington Federal Bank, National Association |
| $350,000–1 million | SUDDEN VALLEY COMMUNITY ASSOCIATION | BELLINGHAM, WA | Whatcom Educational CU |
| $150,000–350,000 | SUMMIT CONSTRUCTION GROUP, INC. | BELLINGHAM, WA | Coastal Community Bank |
| $150,000–350,000 | SUSTAINABLE CONNECTIONS | BELLINGHAM, WA | Peoples Bank |
| $150,000–350,000 | SWANSON & ROGERS PLLC | BELLINGHAM, WA | Coastal Community Bank |