588 SBA loans worth $424.3M went to Alaska businesses between October 2021 and June 2026, from 57 lenders. Alaska Growth Capital BIDCO made the most 7(a) loans, 77 or 16% of the state's total, and the ten most active lenders made 77%. The median 7(a) loan was $311,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 15% of loans. Annual loan count fell 4% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Alaska Growth Capital BIDCO Non-bank lender · Anchorage, AK | 77 | $90.5M | $720,000 | 39% | Restaurants and hotels |
| 2 | KeyBank Bank · Cleveland, OH | 62 | $17.5M | $100,000 | 58% | Restaurants and hotels |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 53 | $29.0M | $25,000 | 89% | Retail |
| 4 | Northrim Bank Bank · Anchorage, AK | 48 | $22.8M | $212,750 | 42% | Construction |
| 5 | Newtek Bank Bank · Miami, FL | 36 | $22.3M | $327,500 | 14% | Restaurants and hotels |
| 6 | Live Oak Banking Bank · Wilmington, NC | 26 | $36.9M | $715,000 | 42% | Health care and social assistance |
| 7 | Northeast Bank Bank · Portland, ME | 24 | $3.0M | $99,450 | 17% | Restaurants and hotels |
| 8 | First National Bank Alaska Bank · Anchorage, AK | 18 | $14.6M | $452,500 | 28% | Restaurants and hotels |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 17 | $10.9M | $221,000 | 6% | Construction |
| 10 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 13 | $13.9M | $559,000 | 23% | Construction |
| 11 | BayFirst National Bank Bank · St. Petersburg, FL | 12 | $2.2M | $150,000 | 8% | Restaurants and hotels |
| 12 | Celtic Bank Bank · Salt Lake City, UT | 10 | $2.7M | $150,000 | 20% | Retail |
| 13 | HomeTrust Bank Bank · Asheville, NC | 8 | $4.9M | $727,500 | 0% | Administrative and support services |
| 14 | Mt McKinley Bank Bank · Fairbanks, AK | 7 | $816K | $60,000 | 71% | Administrative and support services |
| 15 | First Internet Bank of Indiana Bank · Fishers, IN | 6 | $13.4M | $1,839,500 | 83% | Construction |
| 16 | Mountain Pacific Bank Bank · Everett, WA | 5 | $5.2M | $901,200 | 20% | Transportation and warehousing |
| 17 | FDIC - Community Bank & Trust-West Georgia Non-bank lender · Lagrange, GA | 4 | $6.6M | $1,199,000 | 25% | Mining and oil and gas |
| 18 | Pathward Bank · Sioux Falls, SD | 4 | $2.7M | $396,000 | 25% | Retail |
| 19 | Huntington National Bank Bank · Columbus, OH | 4 | $2.2M | $527,900 | 0% | Retail |
| 20 | United Midwest Savings Bank Bank · Degraff, OH | 4 | $2.0M | $586,500 | 75% | Health care and social assistance |
| 21 | First Bank of the Lake Bank · Osage Beach, MO | 3 | $3.5M | $300,000 | 33% | Construction |
| 22 | Harborstone CU Credit union · Lakewood, WA | 3 | $2.0M | $820,000 | 67% | Health care and social assistance |
| 23 | CenTrust Bank, A Division of SmartBiz Bank Bank · Northbrook, IL | 3 | $500K | $150,000 | 0% | Construction |
| 24 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 3 | $459K | $157,700 | 0% | Retail |
| 25 | Native American Bank Bank · Denver, CO | 3 | $326K | $109,500 | 33% | Other services (repair, personal care) |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Evergreen Business Capital Seattle, WA | 99 | $77.2M | $575,000 |
| 2 | Ameritrust CDC Edmonds, WA | 1 | $212K | $212,000 |
| 3 | Mortgage Capital Development Oakland, CA | 1 | $1.5M | $1,490,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 91 | $330,000 | Alaska Growth Capital BIDCO | |
| Retail | 78 | $404,000 | Evergreen Business Capital | |
| Construction | 70 | $250,000 | Northrim Bank | |
| Health care and social assistance | 63 | $511,200 | Evergreen Business Capital | |
| Professional and technical services | 52 | $459,500 | Evergreen Business Capital | |
| Other services (repair, personal care) | 46 | $400,000 | Evergreen Business Capital | |
| Administrative and support services | 38 | $250,000 | Wells Fargo Bank | |
| Transportation and warehousing | 32 | $475,000 | Alaska Growth Capital BIDCO | |
| Manufacturing | 29 | $413,000 | Alaska Growth Capital BIDCO | |
| Arts, entertainment and recreation | 22 | $200,000 | Newtek Bank | |
| Real estate and rental | 16 | $1,207,500 | Alaska Growth Capital BIDCO | |
| Wholesale trade | 14 | $447,000 | Evergreen Business Capital |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Anchorage | 228 | $188.3M | $481,300 | Evergreen Business Capital |
| Wasilla | 71 | $60.3M | $605,000 | Evergreen Business Capital |
| Fairbanks | 50 | $36.6M | $313,000 | Northrim Bank |
| Juneau | 30 | $20.0M | $250,000 | Evergreen Business Capital |
| Palmer | 23 | $25.6M | $504,000 | Evergreen Business Capital |
| Soldotna | 20 | $10.2M | $175,000 | Evergreen Business Capital |
| Homer | 15 | $10.6M | $500,000 | Wells Fargo Bank |
| Eagle River | 14 | $9.6M | $300,000 | Alaska Growth Capital BIDCO |
| Sitka | 12 | $11.8M | $542,500 | Alaska Growth Capital BIDCO |
| North Pole | 11 | $4.0M | $250,000 | Northrim Bank |
| Kodiak | 10 | $3.9M | $170,500 | KeyBank |
| Seward | 10 | $3.5M | $188,000 | Alaska Growth Capital BIDCO |
4 Alaska cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.