SBA Lenders in Alaska
Top lenders ranked by real SBA lending data. See who's most active in Alaska across deal count, loan size, and pricing.
What Borrowers Should Know
Alaska's median 7(a) spread of P+2.68% is 7 basis points better than the national median of P+2.75%, suggesting you'll pay slightly less in interest costs than borrowers in most other states. This modest advantage likely reflects Northrim Bank and Alaska Growth Capital BIDCO competing actively in a smaller market of 110 lenders.
Wells Fargo dominates Alaska's SBA lending with 565 deals—more than 26% of all 2,141 deals—while the next four lenders combined account for only 1,005 deals. This concentration means you'll face limited negotiating power if Wells Fargo declines you, making it critical to develop relationships with Evergreen Business Capital and Alaska Growth Capital BIDCO early in your search.
Alaska's average deal size of $588,297 is typical for SBA 7(a) loans nationwide, but with only 2,141 total deals across the entire state, you're borrowing in a thin market. If you need a larger loan or have an unconventional use of proceeds, lender appetite may be lower than in states with 10,000+ annual deals.
Total SBA Loans
2,142
Active Lenders
104
Avg Deal Size
$589K
Total Volume
$1.3B
Top 10 Lenders in Alaska
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | Bank | 565 | $296K | P + 2.63%AVERAGE | |
| 2 | Evergreen Business Capital | Bank | 302 | $665K | P + 4.00%HIGH | |
| 3 | Alaska Growth Capital BIDCO, Inc. | Bank | 295 | $935K | P + 2.75%AVERAGE | |
| 4 | Northrim Bank | Bank | 233 | $399K | P + 2.25%GOOD | |
| 5 | KeyBank National Association | Bank | 175 | $329K | P + 2.25%GOOD | |
| 6 | Newtek Small Business Finance, Inc. | Non-Bank | 61 | $1.3M | P + 2.75%AVERAGE | |
| 7 | GLOBAL FEDERAL CREDIT UNION | Bank | 58 | $395K | P + 2.75%AVERAGE | |
| 8 | Live Oak Banking Company | Bank | 44 | $1.3M | P + 2.00%GOOD | |
| 9 | Newtek Bank, National Association | Bank | 27 | $787K | P + 3.00%ABOVE AVG | |
| 10 | BayFirst National Bank | Bank | 24 | $260K | P + 2.75%AVERAGE |
Top Industries in Alaska
SBA lending activity by industry segment.