SBA data · Alaska
SBA lending in Alaska
2,190 loans worth $1.30B have been approved for Alaska projects since FY2010 - the #46 state by SBA dollars, 0.3% of the national total.
State rank
#46
by dollars approved
Approved
$1.30B
FY2010 onward
Loans
2,190
Median loan
$280,000
+56% vs national
Median 7(a) rate
6.75%
Jobs supported
26,505
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Alaska
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in AK | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Alaska Growth Capital BIDCO, Inc. | $287.8M | 305 | $943,637 | |
| 2 | Evergreen Business Capital | $214.1M | 317 | $675,404 | |
| 3 | Wells Fargo Bank | $177.6M | 575 | $308,900 | |
| 4 | Northrim Bank | $93.5M | 235 | $397,789 | |
| 5 | Newtek Small Business Finance, Inc. | $78.2M | 61 | $1,281,393 | |
| 6 | Live Oak Banking Company | $67.4M | 52 | $1,295,423 | |
| 7 | KeyBank | $58.5M | 180 | $324,883 | |
| 8 | Newtek Bank | $22.3M | 36 | $618,153 | |
| 9 | Harborstone CU | $18.1M | 10 | $1,806,410 | |
| 10 | First National Bank Alaska | $16.3M | 27 | $604,400 | |
| 11 | Hanmi Bank | $15.7M | 4 | $3,912,500 | |
| 12 | Readycap Lending, LLC | $14.7M | 20 | $733,600 |
By sector in Alaska
- Restaurants & Hotels303 · $186.0M
- Health Care250 · $151.8M
- Construction246 · $136.7M
- Other Services187 · $117.0M
- Transportation137 · $116.5M
- Retail205 · $103.3M
- Professional Services161 · $100.0M
- Administrative & Waste108 · $59.8M
- Real Estate68 · $56.9M
- Manufacturing73 · $46.4M
- Wholesale44 · $38.7M
- Agriculture69 · $24.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Alaska. The final bar is a partial fiscal year.
Loan sizes in Alaska
- Under $50K21%
- $50K - $150K14%
- $150K - $350K21%
- $350K - $1M27%
- $1M - $2M11%
- Over $2M7%
SBA lending in Alaska: common questions
- How many SBA loans are approved in Alaska?
- 2,190 SBA 7(a) and 504 loans totalling $1,297,468,200 have been approved for projects in Alaska since fiscal year 2010, ranking it #46 among states and territories by dollars approved - 0.3% of all SBA lending nationally.
- Which lenders make the most SBA loans in Alaska?
- By dollars approved in Alaska, the most active lenders are Alaska Growth Capital BIDCO, Inc., Evergreen Business Capital, Wells Fargo Bank, Northrim Bank, Newtek Small Business Finance, Inc.. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Alaska?
- The median gross approval in Alaska is $280,000, 56% above the national median of $180,000. Half of all loans in the state fall between $15,000 and $1,579,000.
- Do I need to use a lender based in Alaska?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Alaska, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.