Best SBA lenders
Best SBA lenders in Alaska
The most active SBA lenders in Alaska, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Wells Fargo Bank National Association leads with 571 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Alaska
The full Alaska ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its Alaska lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Alaska; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 571 | $171.9M | $301K | 3.68% |
| 2 | Evergreen Business Capital | 312 | $210.5M | $675K | not reported |
| 3 | Alaska Growth Capital BIDCO, Inc. | 301 | $279.6M | $929K | 2.33% |
| 4 | Northrim Bank | 234 | $93.5M | $399K | 2.14% |
| 5 | KeyBank National Association | 175 | $57.6M | $329K | 1.14% |
| 6 | Newtek Small Business Finance, Inc. | 61 | $78.2M | $1.3M | 1.64% |
| 7 | Live Oak Banking Company | 49 | $64.8M | $1.3M | 2.04% |
| 8 | Global Federal Credit Union | 33 | $4.8M | $146K | 6.06% |
| 9 | Newtek Bank, National Association | 31 | $21.5M | $693K | 0.00% |
| 10 | First National Bank Alaska | 26 | $14.3M | $550K | 0.00% |
| 11 | BayFirst National Bank | 25 | $6.6M | $264K | 4.00% |
| 12 | Northeast Bank | 21 | $2.9M | $138K | 0.00% |
| 13 | Readycap Lending, LLC | 19 | $14.6M | $771K | not reported |
| 14 | Celtic Bank Corporation | 17 | $5.1M | $298K | not reported |
| 15 | Enterprise Bank & Trust | 15 | $11.6M | $777K | not reported |
| 16 | Mt McKinley Bank | 14 | $6.2M | $440K | not reported |
| 17 | VelocitySBA, LLC | 13 | $135K | $10K | not reported |
| 18 | Columbia Bank | 12 | $6.2M | $520K | not reported |
| 19 | Harborstone CU | 10 | $18.1M | $1.8M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in Alaska
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in Alaska by each program's loans funded since FY2010:
- 1. Wells Fargo Bank National Association 571 loans
- 2. Alaska Growth Capital BIDCO, Inc. 301 loans
- 3. Northrim Bank 234 loans
- 4. KeyBank National Association 175 loans
- 5. Newtek Small Business Finance, Inc. 61 loans
Counts are each program's funded loans in Alaska. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Alaska
The 3 industries with the most SBA loans in Alaska since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Retail Trade | 307 | $134.4M | Wells Fargo Bank National Association (101 loans) |
| Accommodation and Food Services | 298 | $182.2M | Wells Fargo Bank National Association (53 loans) |
| Health Care and Social Assistance | 246 | $149.8M | Wells Fargo Bank National Association (71 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Alaska.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Alaska businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the Alaska table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in Alaska; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in Alaska: frequently asked questions
Who is the most active SBA lender in Alaska?
Wells Fargo Bank National Association is the most active SBA lender in Alaska in the public record, with 571 7(a) and 504 loans funded since FY2010 ($171.9M in Alaska). The ranking counts loans funded, never who pays us.
Do these lenders only serve Alaska?
No. The ranking measures activity in Alaska: loans funded to Alaska businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their Alaska lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in Alaska?
19 lenders have funded at least 10 SBA loans in Alaska since FY2010 in the public record (as of 2026-03-31). The table above names the 19 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in Alaska. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/ak/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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