In fiscal years 2021–2026, 65 lenders made 607 SBA loans in Alaska, totaling $444.6 million. The average loan was $732,522, and 39% went to startups or businesses under two years old.
By program: 459 7(a) loans, 148 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Alaska
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Alaska Growth Capital BIDCO, Inc. Anchorage, AK | 89 | $1,085,643 | 38% | 7(a) |
| 2 | Northrim Bank Anchorage, AK | 88 | $606,469 | 42% | 7(a), Express |
| 3 | KeyBank National Association Cleveland, OH | 73 | $271,660 | 60% | 7(a), Express |
| 4 | Wells Fargo Bank National Association Sioux Falls, SD | 66 | $530,917 | 85% | 7(a), Express |
| 5 | Newtek Bank, National Association Miami, FL | 36 | $618,153 | 14% | 7(a), Express |
| 6 | Live Oak Banking Company Wilmington, NC | 30 | $1,490,900 | 40% | 7(a), Express |
| 7 | Newtek Small Business Finance, Inc. Lake Success, NY | 25 | $896,816 | 16% | 7(a) |
| 8 | Northeast Bank Lewiston, ME | 24 | $127,038 | 17% | 7(a) |
| 9 | First National Bank Alaska Anchorage, AK | 18 | $812,944 | 28% | 7(a), Express |
| 10 | Readycap Lending, LLC Berkeley Heights, NJ | 17 | $641,294 | 6% | 7(a) |
Lenders that fund the most startups in Alaska
- Wells Fargo Bank National Association — 56 startup loans (85% of its loans)
- KeyBank National Association — 44 startup loans (60% of its loans)
- Northrim Bank — 37 startup loans (42% of its loans)
- Alaska Growth Capital BIDCO, Inc. — 34 startup loans (38% of its loans)
- Live Oak Banking Company — 12 startup loans (40% of its loans)
SBA loans by industry in Alaska
- Restaurants & Lodging89 loans
- Construction84 loans
- Retail Stores81 loans
- Health Care59 loans
- Professional Services48 loans
- Personal Services & Repair43 loans
- Cleaning, Landscaping & Admin41 loans
- Trucking & Transportation33 loans
- Manufacturing32 loans
- Real Estate & Rental23 loans
- Fitness & Entertainment22 loans
- Agriculture & Fishing16 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Alaska?
Based on public SBA data for fiscal years 2021–2026, the most active were Alaska Growth Capital BIDCO, Inc., Northrim Bank, KeyBank National Association. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Alaska?
607 SBA loans totaling $444.6 million in fiscal years 2021–2026, with an average of $732,522.
Can I get an SBA loan in Alaska with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.