Last annual update:
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 | Wells Fargo | Sioux Falls, SD | 34 | $485,394 | 8.6% |
| 2 | Newtek Small Business | Lake Success, NY | 24 | $1,505,683 | 7.6% |
| 3 | Alaska Growth Capital BIDCO | Anchorage, AK | 13 | $963,208 | 7.6% |
| 4 | KeyBank | Cleveland, OH | 6 | $556,083 | 7.6% |
| 5 | Northrim Bank | Anchorage, AK | 6 | $1,134,733 | 6.5% |
| 6 | Stearns Bank | Saint Cloud, MN | 4 | $341,200 | 7.4% |
| 7 | Celtic Bank | Salt Lake City, UT | 3 | $337,333 | 8.6% |