Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
Some Alaska-based banks were among the largest lenders to “The Last Frontier” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Alaska:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Northrim Bank | Anchorage, AK | 24 | $312,408 | 7.3% |
| 2 | Wells Fargo | Sioux Falls, SD | 21 | $150,281 | 10.1% |
| 3 | Alaska Growth Capital BIDCO | Anchorage, AK | 15 | $979,560 | 8.0% |
| 4 | First Home Bank | Saint Petersburg, FL | 5 | $236,000 | 8.2% |
| 5 | KeyBank | Cleveland, OH | 4 | $410,000 | 7.6% |
| 6 | United Midwest Savings Bank | De Graff, OH | 4 | $61,000 | 8.1% |
| 7 | Newtek Small Business Finance | Lake Success, NY | 3 | $1,954,333 | 7.8% |
| 8 | Seacoast Commerce Bank | San Diego, CA | 3 | $1,268,733 | 7.1% |