Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
Alaska · Mining & Energy
SBA loans for mining & energy in Alaska
23 loans worth $22.1M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Alaska.
Loans
23
Approved
$22.1M
Median loan
$400,000
+76% vs sector nationally
Median rate
7.25%
Jobs supported
460
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.
Lenders
Who lends to mining & energy in Alaska
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Alaska Growth Capital BIDCO, Inc. | 5 | $11.3M | |
| FDIC - Community Bank & Trust-West Georgia | 2 | $5.0M | |
| Northrim Bank | 7 | $2.0M | |
| Evergreen Business Capital | 2 | $2.0M | |
| Newtek Small Business Finance, Inc. | 1 | $1.0M | |
| KeyBank | 1 | $417K | |
| Northeast Bank | 1 | $131K | |
| Wells Fargo Bank | 3 | $71K |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Support Activities for Oil and Gas Operations | 9 | |
| Gold Ore Mining | 5 | |
| Drilling Oil and Gas Wells | 3 | |
| All Other Metal Ore Mining | 3 | |
| Crushed and Broken Granite Mining and Quarrying | 1 | |
| Crude Petroleum and Natural Gas Extraction | 1 | |
| Gold Ore and Silver Ore Mining | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in Alaska since FY2010 was $400,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Alaska
2,190 loans across every sector.
Mining & Energy nationally
2,367 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to mining & energy businesses in Alaska?
- 23 SBA loans totalling $22,060,100 have been approved for mining, quarrying, and oil and gas extraction projects in Alaska since FY2010.
- Which lenders finance mining & energy in Alaska?
- The most active by dollars approved are Alaska Growth Capital BIDCO, Inc., FDIC - Community Bank & Trust-West Georgia, Northrim Bank, Evergreen Business Capital. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in Alaska?
- The median approval is $400,000, 76% above the national median for this sector ($227,300).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.