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
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).
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