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County4th of 26 in Alaska by approvalsFIPS 02122
SBA loans in Kenai Peninsula 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 Kenai Peninsula Borough, Alaska, received 58 SBA loan approvals worth $29.3M in FY2021 to FY2025 (47 7(a), 11 504).
That is 24.1 approvals per 1,000 business establishments (2,405 establishments in 2023), below the Alaska figure of 29.2 and below the national 41.0.
It ranks 4th of 26 Alaska counties with approvals. In FY2025 there were 10, down 17% on FY2024.
13 lenders had approvals here; the most active were Evergreen Business Capital (11), Wells Fargo Bank National Association (10) and Alaska Growth Capital BIDCO, Inc. (8). The most common industry was traveler accommodation.
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 Kenai Peninsula Borough
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Evergreen Business CapitalSeattle, WA · CDC | 11 | $6.7M | 19.0% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 10 | $6.5M | 17.2% | |
| 3 | Alaska Growth Capital BIDCO, Inc.Anchorage, AK | 8 | $2.7M | 13.8% | |
| 4 | Northrim BankAnchorage, AK | 8 | $2.0M | 13.8% | |
| 5 | KeyBank National AssociationCleveland, OH | 5 | $340K | 8.6% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 4 | $6.7M | 6.9% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $395K | 5.2% | |
| 8 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.4% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.4% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.4% | |
| 11 | Pathward National AssociationSioux Falls, SD | 1 | — | 1.7% | |
| 12 | Northeast BankLewiston, ME | 1 | — | 1.7% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 10.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 10.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 4 | 6.9% | |
| 4 | FishingNAICS 1141 | 3 | 5.2% | |
| 5 | Special Food ServicesNAICS 7223 | 3 | 5.2% | |
| 6 | Offices of DentistsNAICS 6212 | 2 | 3.4% | |
| 7 | Nonscheduled Air TransportationNAICS 4812 | 2 | 3.4% | |
| 8 | Support Activities for MiningNAICS 2131 | 2 | 3.4% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.4% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 2 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 16 | 27.6% | |
| 2 | Retail Trade | 6 | 10.3% | |
| 3 | Health Care and Social Assistance | 6 | 10.3% | |
| 4 | Transportation and Warehousing | 5 | 8.6% | |
| 5 | Construction | 5 | 8.6% | |
| 6 | Professional, Scientific, and Technical Services | 4 | 6.9% | |
| 7 | Manufacturing | 3 | 5.2% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 3 | 5.2% |
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* | 7 | $1.6M | $125K | 3 | $2.6M | 10 | 79 |
| FY2025 | 10 | $8.5M | $425K | 0 | — | 10 | 93 |
| FY2024 | 11 | $2.7M | $100K | 1 | — | 12 | 47 |
| FY2023 | 12 | $3.5M | $134K | 8 | $3.8M | 20 | 146 |
| FY2022 | 6 | $2.3M | $360K | 2 | — | 8 | 47 |
| FY2021 | 8 | $5.6M | $268K | 0 | — | 8 | 164 |
| FY2020 | 5 | $1.3M | $350K | 0 | — | 5 | 11 |
| FY2019 | 10 | $5.6M | $250K | 0 | — | 10 | 66 |
| FY2018 | 10 | $6.3M | $95K | 4 | $837K | 14 | 68 |
| FY2017 | 11 | $1.2M | $7,500 | 1 | — | 12 | 17 |
| FY2016 | 13 | $1.8M | $15K | 1 | — | 14 | 28 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 55 approvals.
Against Alaska and the country
| FY2021–FY2025 | Kenai Peninsula Borough | Alaska | United States |
|---|---|---|---|
| Approvals | 58 | 647 | 342,825 |
| Approvals per 1,000 establishments | 24.1 | 29.2 | 41.0 |
| Median 7(a) approval | $200K | $351K | $190K |
| Median 504 approval | $317K | $515K | $657K |
| Average approval | $505K | $738K | $573K |
| 504 share of approvals | 19.0% | 16.1% | 11.0% |
| Jobs supported per approval, as reported | 8.6 | 11.5 | 10.5 |
| Share of state approvals | 9.0% | 100.0% | — |
Approval sizes
- $50,000 or less17.2%10
- $50,001 to $150,00020.7%12
- $150,001 to $350,00025.9%15
- $350,001 to $1 million20.7%12
- $1 million to $2 million12.1%7
- Over $2 million3.4%2
Age of the businesses
- Existing, more than 2 years old53.4%31
- New business, 2 years or less27.6%16
- Startup, loan funds will open the business15.5%9
- Change of ownership3.4%2
Questions and answers
Which lenders make the most SBA loans in Kenai Peninsula Borough?
By approvals in FY2021 to FY2025: Evergreen Business Capital (11), Wells Fargo Bank National Association (10), Alaska Growth Capital BIDCO, Inc. (8), Northrim Bank (8), KeyBank National Association (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kenai Peninsula Borough?
The median 7(a) approval was $200K and the median 504 approval $317K; the Alaska 7(a) median was $351K.
Which industries get the most SBA loans in Kenai Peninsula Borough?
Traveler Accommodation (6); Restaurants and Other Eating Places (6); Offices of Other Health Practitioners (4); Fishing (3); Special Food Services (3).
Is SBA lending in Kenai Peninsula Borough rising?
Approvals in the three latest complete fiscal years total 42, against 21 in the three before: rising (+100%).
How does Kenai Peninsula Borough compare with the rest of Alaska?
24.1 approvals per 1,000 establishments against 29.2 statewide, and 58 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