SBA lending by state
SBA Lending in Alaska
In Alaska, SBA lenders funded 2,156 7(a) and 504 loans since FY2010, totaling $1.3B, an average of $589K per loan. The most active lender is Wells Fargo Bank National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Alaska
Ranked by SBA loans funded in Alaska since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Alaska loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Alaska shows “not reported,” never 0%.
See the full Alaska ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | 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% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Alaska
An SBA 504 project in Alaska pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Alaska, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Evergreen Business Capital | 299 | $208.7M |
| Ameritrust CDC | 2 | $542K |
| Northwest Business Development Association | 1 | $3.4M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Alaska
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 298 | $182.2M |
| Health Care and Social Assistance | 246 | $149.8M |
| Retail Trade | 307 | $134.4M |
| Construction | 243 | $131.0M |
| Transportation and Warehousing | 139 | $117.0M |
| Other Services | 184 | $109.6M |
| Professional and Technical Services | 159 | $97.3M |
| Manufacturing | 134 | $85.4M |
Top cities for SBA loans in Alaska
Where SBA 7(a) and 504 borrowers in Alaska are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Anchorage | 900 | $639.8M |
| Wasilla | 195 | $110.1M |
| Fairbanks | 157 | $92.1M |
| Palmer | 86 | $61.3M |
| Juneau | 100 | $48.0M |
| Homer | 57 | $31.6M |
| Eagle River | 54 | $26.0M |
| Soldotna | 66 | $25.5M |
SBA lending by metro area in Alaska
Which lenders fund each Alaska market, with local loan sizes and industries.
- SBA lenders in Anchorage, AK 1,280 loans
- SBA lenders in Fairbanks, AK 210 loans
- SBA lenders in Juneau, AK 106 loans
- SBA lenders in Ketchikan, AK 65 loans
SBA lending in Alaska by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 146 | $53.3M |
| 2011 | 139 | $67.2M |
| 2012 | 143 | $74.3M |
| 2013 | 130 | $67.3M |
| 2014 | 130 | $73.2M |
| 2015 | 172 | $92.7M |
| 2016 | 168 | $75.8M |
| 2017 | 113 | $61.6M |
| 2018 | 124 | $92.1M |
| 2019 | 111 | $64.9M |
| 2020 | 82 | $36.0M |
| 2021 | 139 | $111.9M |
| 2022 | 114 | $87.2M |
| 2023 | 135 | $91.1M |
| 2024 | 131 | $100.5M |
| 2025 | 128 | $87.1M |
| 2026 | 51 | $33.4M |
SBA lending in Alaska: frequently asked questions
How much SBA lending is there in Alaska?
SBA lenders funded 2,156 7(a) and 504 loans totaling $1.3B in Alaska in the public SBA data (as of 2026-03-31), an average of $589K per loan.
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 data, by loans funded.
What industries get the most SBA loans in Alaska?
The most-funded industry for SBA loans in Alaska is Accommodation and Food Services.
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