States › Alaska › Fairbanks North Star Borough
County3rd of 26 in Alaska by approvalsFIPS 02090
SBA loans in Fairbanks North Star Borough, Alaska
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Fairbanks North Star Borough, Alaska, received 75 SBA loan approvals worth $52.3M in FY2021 to FY2025 (61 7(a), 14 504).
That is 29.1 approvals per 1,000 business establishments (2,576 establishments in 2023), close to the Alaska figure of 29.2 and below the national 41.0.
It ranks 3rd of 26 Alaska counties with approvals. In FY2025 there were 12, down 29% on FY2024.
19 lenders had approvals here; the most active were Northrim Bank (26), Evergreen Business Capital (14) and First Internet Bank of Indiana (6). The most common industry was building equipment contractors.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Fairbanks North Star Borough
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Northrim BankAnchorage, AK | 26 | $10.6M | 34.7% | |
| 2 | Evergreen Business CapitalSeattle, WA · CDC | 14 | $10.6M | 18.7% | |
| 3 | First Internet Bank of IndianaFishers, IN | 6 | $13.4M | 8.0% | |
| 4 | Mt McKinley BankFairbanks, AK | 5 | $736K | 6.7% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 4 | $1.3M | 5.3% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 3 | $7.4M | 4.0% | |
| 7 | Northeast BankLewiston, ME | 3 | $731K | 4.0% | |
| 8 | Harborstone CULakewood, WA | 2 | — | 2.7% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.7% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.3% | |
| 11 | First Fed BankPort Angeles, WA | 1 | — | 1.3% | |
| 12 | Enterprise Bank & TrustClayton, MO | 1 | — | 1.3% | |
| 13 | The Huntington National BankColumbus, OH | 1 | — | 1.3% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 1.3% | |
| 15 | CenTrust Bank, A Division of SmartBiz Bank National AssociationNorthbrook, IL | 1 | — | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 7 | 9.3% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 9.3% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 7 | 9.3% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.7% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 6.7% | |
| 6 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 4.0% | |
| 7 | Automobile DealersNAICS 4411 | 3 | 4.0% | |
| 8 | Specialty Food StoresNAICS 4452 | 3 | 4.0% | |
| 9 | Residential Building ConstructionNAICS 2361 | 3 | 4.0% | |
| 10 | Offices of DentistsNAICS 6212 | 2 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 24.0% | |
| 2 | Retail Trade | 14 | 18.7% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 9 | 12.0% | |
| 4 | Health Care and Social Assistance | 7 | 9.3% | |
| 5 | Accommodation and Food Services | 6 | 8.0% | |
| 6 | Other Services (except Public Administration) | 5 | 6.7% | |
| 7 | Transportation and Warehousing | 3 | 4.0% | |
| 8 | Real Estate and Rental and Leasing | 2 | 2.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 4 | $2.3M | $600K | 0 | — | 4 | 24 |
| FY2025 | 10 | $5.6M | $288K | 2 | — | 12 | 71 |
| FY2024 | 17 | $17.4M | $250K | 0 | — | 17 | 183 |
| FY2023 | 13 | $7.9M | $230K | 3 | $886K | 16 | 135 |
| FY2022 | 9 | $3.1M | $163K | 4 | $2.8M | 13 | 46 |
| FY2021 | 12 | $7.8M | $251K | 5 | $6.0M | 17 | 195 |
| FY2020 | 14 | $3.5M | $103K | 0 | — | 14 | 63 |
| FY2019 | 5 | $1.0M | $210K | 0 | — | 5 | 27 |
| FY2018 | 12 | $7.2M | $363K | 1 | — | 13 | 101 |
| FY2017 | 5 | $2.4M | $368K | 0 | — | 5 | 44 |
| FY2016 | 9 | $5.6M | $15K | 1 | — | 10 | 143 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 47 approvals.
Against Alaska and the country
| FY2021–FY2025 | Fairbanks North Star Borough | Alaska | United States |
|---|---|---|---|
| Approvals | 75 | 647 | 342,825 |
| Approvals per 1,000 establishments | 29.1 | 29.2 | 41.0 |
| Median 7(a) approval | $250K | $351K | $190K |
| Median 504 approval | $337K | $515K | $657K |
| Average approval | $698K | $738K | $573K |
| 504 share of approvals | 18.7% | 16.1% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 11.5 | 10.5 |
| Share of state approvals | 11.6% | 100.0% | — |
Approval sizes
- $50,000 or less10.7%8
- $50,001 to $150,00020.0%15
- $150,001 to $350,00034.7%26
- $350,001 to $1 million16.0%12
- $1 million to $2 million10.7%8
- Over $2 million8.0%6
Age of the businesses
- Existing, more than 2 years old50.7%38
- New business, 2 years or less22.7%17
- Startup, loan funds will open the business14.7%11
- Change of ownership12.0%9
Questions and answers
Which lenders make the most SBA loans in Fairbanks North Star Borough?
By approvals in FY2021 to FY2025: Northrim Bank (26), Evergreen Business Capital (14), First Internet Bank of Indiana (6), Mt McKinley Bank (5), Newtek Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fairbanks North Star Borough?
The median 7(a) approval was $250K and the median 504 approval $337K; the Alaska 7(a) median was $351K.
Which industries get the most SBA loans in Fairbanks North Star Borough?
Building Equipment Contractors (7); Other Specialty Trade Contractors (7); Services to Buildings and Dwellings (7); Restaurants and Other Eating Places (5); Automotive Repair and Maintenance (5).
Is SBA lending in Fairbanks North Star Borough rising?
Approvals in the three latest complete fiscal years total 45, against 44 in the three before: broadly level (+2%).
How does Fairbanks North Star Borough compare with the rest of Alaska?
29.1 approvals per 1,000 establishments against 29.2 statewide, and 75 of the state's 647 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error