FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Alaska, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 111 loans in Alaska: 103 under 7(a) and 8 under 504, worth $64.9M.
That is down 10% on FY2018, when there were 124 approvals worth $92.1M.
Alaska accounted for 0.2% of the 58,006 approvals nationwide that year. 21 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 23.
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 21 lenders with the most approvals to Alaska businesses in FY2019, of 21 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 23 | $6.6M | 20.7% | 35 | -12 |
| 2 | Northrim Bank | 7(a) | 20 | $5.9M | 18.0% | 6 | +14 |
| 3 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 13 | $15.0M | 11.7% | 15 | -2 |
| 4 | Newtek Small Business Finance, Inc. | 7(a) | 8 | $10.5M | 7.2% | 19 | -11 |
| 5 | Evergreen Business Capital | 504 | 8 | $3.2M | 7.2% | 19 | -11 |
| 6 | KeyBank National Association | 7(a) | 6 | $3.6M | 5.4% | 6 | 0 |
| 7 | BayFirst National Bank | 7(a) | 5 | $1.2M | 4.5% | 2 | +3 |
| 8 | Beacon Bank and Trust | 7(a) | 4 | $5.0M | 3.6% | 0 | new |
| 9 | Celtic Bank Corporation | 7(a) | 4 | $1.4M | 3.6% | 1 | +3 |
| 10 | Enterprise Bank & Trust | 7(a) | 3 | $4.6M | 2.7% | 0 | new |
| 11 | Live Oak Banking Company | 7(a) | 3 | $2.4M | 2.7% | 1 | +2 |
| 12 | Patriot Bank, National Association | 7(a) | 2 | — | 1.8% | 0 | new |
| 13 | Seacoast National Bank | 7(a) | 2 | — | 1.8% | 0 | new |
| 14 | Banner Bank | 7(a) | 2 | — | 1.8% | 1 | +1 |
| 15 | Evergreen Business Capital | 7(a) | 2 | — | 1.8% | 4 | -2 |
| 16 | National Cooperative Bank, National Association | 7(a) | 1 | — | 0.9% | 2 | -1 |
| 17 | Five Star Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 18 | Open Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 19 | Independence Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 20 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.9% | 0 | new |
| 21 | Mt McKinley Bank | 7(a) | 1 | — | 0.9% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 51 | $39.5M | 45.9% | 61 | -10 |
| 2 | Matanuska-Susitna Borough | 21 | $9.5M | 18.9% | 20 | +1 |
| 3 | Kenai Peninsula Borough | 10 | $5.6M | 9.0% | 14 | -4 |
| 4 | Hoonah-Angoon Census Area | 6 | $1.3M | 5.4% | 2 | +4 |
| 5 | Juneau City and Borough | 5 | $720K | 4.5% | 5 | 0 |
| 6 | Fairbanks North Star Borough | 5 | $1.0M | 4.5% | 13 | -8 |
| 7 | Ketchikan Gateway Borough | 4 | $4.6M | 3.6% | 3 | +1 |
| 8 | Kodiak Island Borough | 2 | — | 1.8% | 1 | +1 |
| 9 | Copper River Census Area | 2 | — | 1.8% | 0 | new |
| 10 | Northwest Arctic Borough | 1 | — | 0.9% | 0 | new |
| 11 | Sitka City and Borough | 1 | — | 0.9% | 0 | new |
| 12 | Southeast Fairbanks Census Area | 1 | — | 0.9% | 0 | new |
| 13 | Skagway Municipality | 1 | — | 0.9% | 1 | 0 |
| 14 | Dillingham Census Area | 1 | — | 0.9% | 0 | new |
FY2019 against FY2018
| Alaska | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 103 | 105 |
| 7(a) dollars | $61.7M | $84.7M |
| Median 7(a) approval | $275K | $356K |
| 504 approvals | 8 | 19 |
| 504 dollars | $3.2M | $7.3M |
| Jobs supported, as reported | 1,030 | 1,687 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2019?
Wells Fargo Bank National Association (23), Northrim Bank (20), Alaska Growth Capital BIDCO, Inc. (13), Newtek Small Business Finance, Inc. (8), Evergreen Business Capital (8). 21 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2019?
111: 103 under 7(a) worth $61.7M and 8 under 504 worth $3.2M.
Which Alaska counties had the most SBA approvals in FY2019?
Anchorage Municipality (51), Matanuska-Susitna Borough (21), Kenai Peninsula Borough (10), Hoonah-Angoon Census Area (6), Juneau City and Borough (5).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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