FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Alaska, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 124 loans in Alaska: 105 under 7(a) and 19 under 504, worth $92.1M.
That is up 9% on FY2017, when there were 114 approvals worth $61.8M.
Alaska accounted for 0.2% of the 66,228 approvals nationwide that year. 22 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 35.
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.
Approvals by lender
The 22 lenders with the most approvals to Alaska businesses in FY2018, of 22 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 35 | $15.8M | 28.2% | 60 | -25 |
| 2 | Newtek Small Business Finance, Inc. | 7(a) | 19 | $30.2M | 15.3% | 4 | +15 |
| 3 | Evergreen Business Capital | 504 | 19 | $7.3M | 15.3% | 14 | +5 |
| 4 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 15 | $13.4M | 12.1% | 6 | +9 |
| 5 | Northrim Bank | 7(a) | 6 | $6.9M | 4.8% | 6 | 0 |
| 6 | KeyBank National Association | 7(a) | 6 | $1.7M | 4.8% | 10 | -4 |
| 7 | Stearns Bank National Association | 7(a) | 4 | $1.4M | 3.2% | 2 | +2 |
| 8 | Evergreen Business Capital | 7(a) | 4 | $684K | 3.2% | 4 | 0 |
| 9 | National Cooperative Bank, National Association | 7(a) | 2 | — | 1.6% | 0 | new |
| 10 | BayFirst National Bank | 7(a) | 2 | — | 1.6% | 1 | +1 |
| 11 | Columbia Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 12 | Byline Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 13 | Banc of California | 7(a) | 1 | — | 0.8% | 0 | new |
| 14 | Readycap Lending, LLC | 7(a) | 1 | — | 0.8% | 1 | 0 |
| 15 | Harborstone CU | 7(a) | 1 | — | 0.8% | 0 | new |
| 16 | Live Oak Banking Company | 7(a) | 1 | — | 0.8% | 0 | new |
| 17 | Banner Bank | 7(a) | 1 | — | 0.8% | 1 | 0 |
| 18 | Bank of America, National Association | 7(a) | 1 | — | 0.8% | 0 | new |
| 19 | Commonwealth Business Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 20 | Carver State Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 21 | Florida Capital Bank, National Association | 7(a) | 1 | — | 0.8% | 0 | new |
| 22 | Celtic Bank Corporation | 7(a) | 1 | — | 0.8% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 61 | $54.9M | 49.2% | 53 | +8 |
| 2 | Matanuska-Susitna Borough | 20 | $13.5M | 16.1% | 17 | +3 |
| 3 | Kenai Peninsula Borough | 14 | $7.2M | 11.3% | 12 | +2 |
| 4 | Fairbanks North Star Borough | 13 | $7.3M | 10.5% | 5 | +8 |
| 5 | Juneau City and Borough | 5 | $3.2M | 4.0% | 6 | -1 |
| 6 | Ketchikan Gateway Borough | 3 | $2.4M | 2.4% | 1 | +2 |
| 7 | Haines Borough | 2 | — | 1.6% | 3 | -1 |
| 8 | Hoonah-Angoon Census Area | 2 | — | 1.6% | 1 | +1 |
| 9 | Kodiak Island Borough | 1 | — | 0.8% | 3 | -2 |
| 10 | North Slope Borough | 1 | — | 0.8% | 1 | 0 |
| 11 | Skagway Municipality | 1 | — | 0.8% | 0 | new |
| 12 | Lake and Peninsula Borough | 1 | — | 0.8% | 0 | new |
FY2018 against FY2017
| Alaska | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 105 | 100 |
| 7(a) dollars | $84.7M | $46.5M |
| Median 7(a) approval | $356K | $200K |
| 504 approvals | 19 | 14 |
| 504 dollars | $7.3M | $15.3M |
| Jobs supported, as reported | 1,687 | 868 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2018?
Wells Fargo Bank National Association (35), Newtek Small Business Finance, Inc. (19), Evergreen Business Capital (19), Alaska Growth Capital BIDCO, Inc. (15), Northrim Bank (6). 22 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2018?
124: 105 under 7(a) worth $84.7M and 19 under 504 worth $7.3M.
Which Alaska counties had the most SBA approvals in FY2018?
Anchorage Municipality (61), Matanuska-Susitna Borough (20), Kenai Peninsula Borough (14), Fairbanks North Star Borough (13), Juneau City and Borough (5).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error