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County2nd of 26 in Alaska by approvalsFIPS 02170
SBA loans in Matanuska-Susitna 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.
SBA approved 99 loans to businesses in Matanuska-Susitna Borough, Alaska, in FY2021 to FY2025, worth $87.7M: 79 under 7(a) and 20 under 504.
That is 35.1 approvals per 1,000 business establishments (2,822 establishments in 2023), above the Alaska figure of 29.2 and close to the national 41.0.
It ranks 2nd of 26 Alaska counties with approvals. In FY2025 there were 23, down 12% on FY2024.
23 lenders had approvals here; the most active were Evergreen Business Capital (20), Alaska Growth Capital BIDCO, Inc. (16) and KeyBank National Association (12). The most common industry was other professional, scientific, and technical services.
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 Matanuska-Susitna Borough
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Evergreen Business CapitalSeattle, WA · CDC | 20 | $14.5M | 20.2% | |
| 2 | Alaska Growth Capital BIDCO, Inc.Anchorage, AK | 16 | $24.1M | 16.2% | |
| 3 | KeyBank National AssociationCleveland, OH | 12 | $4.0M | 12.1% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 10 | $1.2M | 10.1% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 8 | $15.4M | 8.1% | |
| 6 | First National Bank AlaskaAnchorage, AK | 5 | $3.7M | 5.1% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 4 | $3.3M | 4.0% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $4.6M | 3.0% | |
| 9 | Northrim BankAnchorage, AK | 3 | $3.3M | 3.0% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 3 | $550K | 3.0% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.0% | |
| 12 | Northeast BankLewiston, ME | 2 | — | 2.0% | |
| 13 | Harborstone CULakewood, WA | 1 | — | 1.0% | |
| 14 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 1 | — | 1.0% | |
| 15 | Fifth Third BankCincinnati, OH | 1 | — | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 6.1% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 6 | 6.1% | |
| 3 | Offices of PhysiciansNAICS 6211 | 5 | 5.1% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 5.1% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.0% | |
| 6 | Offices of DentistsNAICS 6212 | 3 | 3.0% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 3.0% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.0% | |
| 9 | Child Day Care ServicesNAICS 6244 | 3 | 3.0% | |
| 10 | Specialty Food StoresNAICS 4452 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 17 | 17.2% | |
| 2 | Health Care and Social Assistance | 16 | 16.2% | |
| 3 | Retail Trade | 12 | 12.1% | |
| 4 | Professional, Scientific, and Technical Services | 11 | 11.1% | |
| 5 | Other Services (except Public Administration) | 10 | 10.1% | |
| 6 | Accommodation and Food Services | 9 | 9.1% | |
| 7 | Manufacturing | 6 | 6.1% | |
| 8 | Transportation and Warehousing | 6 | 6.1% |
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* | 9 | $9.6M | $698K | 6 | $3.4M | 15 | 94 |
| FY2025 | 16 | $13.5M | $507K | 7 | $3.8M | 23 | 247 |
| FY2024 | 21 | $21.1M | $500K | 5 | $5.8M | 26 | 230 |
| FY2023 | 20 | $15.7M | $611K | 3 | $2.1M | 23 | 262 |
| FY2022 | 11 | $11.0M | $650K | 3 | $2.1M | 14 | 179 |
| FY2021 | 11 | $11.9M | $503K | 2 | — | 13 | 115 |
| FY2020 | 7 | $950K | $128K | 4 | $3.2M | 11 | 47 |
| FY2019 | 17 | $8.2M | $250K | 4 | $1.3M | 21 | 204 |
| FY2018 | 14 | $10.2M | $350K | 6 | $3.3M | 20 | 149 |
| FY2017 | 15 | $5.0M | $328K | 2 | — | 17 | 192 |
| FY2016 | 27 | $12.6M | $25K | 3 | $945K | 30 | 215 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 99 approvals.
Against Alaska and the country
| FY2021–FY2025 | Matanuska-Susitna Borough | Alaska | United States |
|---|---|---|---|
| Approvals | 99 | 647 | 342,825 |
| Approvals per 1,000 establishments | 35.1 | 29.2 | 41.0 |
| Median 7(a) approval | $585K | $351K | $190K |
| Median 504 approval | $496K | $515K | $657K |
| Average approval | $885K | $738K | $573K |
| 504 share of approvals | 20.2% | 16.1% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 11.5 | 10.5 |
| Share of state approvals | 15.3% | 100.0% | — |
Approval sizes
- $50,000 or less12.1%12
- $50,001 to $150,00016.2%16
- $150,001 to $350,0009.1%9
- $350,001 to $1 million31.3%31
- $1 million to $2 million18.2%18
- Over $2 million13.1%13
Age of the businesses
- Existing, more than 2 years old58.6%58
- New business, 2 years or less16.2%16
- Startup, loan funds will open the business15.2%15
- Change of ownership10.1%10
Questions and answers
Which lenders make the most SBA loans in Matanuska-Susitna Borough?
By approvals in FY2021 to FY2025: Evergreen Business Capital (20), Alaska Growth Capital BIDCO, Inc. (16), KeyBank National Association (12), Wells Fargo Bank National Association (10), Live Oak Banking Company (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Matanuska-Susitna Borough?
The median 7(a) approval was $585K and the median 504 approval $496K; the Alaska 7(a) median was $351K.
Which industries get the most SBA loans in Matanuska-Susitna Borough?
Other Professional, Scientific, and Technical Services (6); Building Equipment Contractors (6); Offices of Physicians (5); Restaurants and Other Eating Places (5); Automotive Repair and Maintenance (4).
Is SBA lending in Matanuska-Susitna Borough rising?
Approvals in the three latest complete fiscal years total 72, against 38 in the three before: rising (+89%).
How does Matanuska-Susitna Borough compare with the rest of Alaska?
35.1 approvals per 1,000 establishments against 29.2 statewide, and 99 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