FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Alaska, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 82 loans in Alaska: 73 under 7(a) and 9 under 504, worth $36.0M.
That is down 26% on FY2019, when there were 111 approvals worth $64.9M.
Alaska accounted for 0.2% of the 49,417 approvals nationwide that year. 16 lenders had at least one approval in the state; Northrim Bank had the most, 17.
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 16 lenders with the most approvals to Alaska businesses in FY2020, of 16 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Northrim Bank | 7(a) | 17 | $4.0M | 20.7% | 20 | -3 |
| 2 | Wells Fargo Bank National Association | 7(a) | 16 | $2.8M | 19.5% | 23 | -7 |
| 3 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 11 | $7.1M | 13.4% | 13 | -2 |
| 4 | Evergreen Business Capital | 504 | 9 | $5.6M | 11.0% | 8 | +1 |
| 5 | Enterprise Bank & Trust | 7(a) | 8 | $3.5M | 9.8% | 3 | +5 |
| 6 | KeyBank National Association | 7(a) | 7 | $4.1M | 8.5% | 6 | +1 |
| 7 | United Midwest Savings Bank National Association | 7(a) | 3 | $322K | 3.7% | 1 | +2 |
| 8 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 2.4% | 8 | -6 |
| 9 | Live Oak Banking Company | 7(a) | 2 | — | 2.4% | 3 | -1 |
| 10 | Patriot Bank, National Association | 7(a) | 1 | — | 1.2% | 2 | -1 |
| 11 | Renasant Bank | 7(a) | 1 | — | 1.2% | 0 | new |
| 12 | Harborstone CU | 7(a) | 1 | — | 1.2% | 0 | new |
| 13 | Celtic Bank Corporation | 7(a) | 1 | — | 1.2% | 4 | -3 |
| 14 | Five Star Bank | 7(a) | 1 | — | 1.2% | 1 | 0 |
| 15 | Happen Bank | 7(a) | 1 | — | 1.2% | 0 | new |
| 16 | Readycap Lending, LLC | 7(a) | 1 | — | 1.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 30 | $15.7M | 36.6% | 51 | -21 |
| 2 | Fairbanks North Star Borough | 14 | $3.5M | 17.1% | 5 | +9 |
| 3 | Matanuska-Susitna Borough | 11 | $4.1M | 13.4% | 21 | -10 |
| 4 | Kenai Peninsula Borough | 5 | $1.3M | 6.1% | 10 | -5 |
| 5 | Petersburg Borough | 5 | $1.2M | 6.1% | 0 | new |
| 6 | Prince of Wales-Hyder Census Area | 3 | $1.2M | 3.7% | 0 | new |
| 7 | Juneau City and Borough | 2 | — | 2.4% | 5 | -3 |
| 8 | Ketchikan Gateway Borough | 2 | — | 2.4% | 4 | -2 |
| 9 | Kodiak Island Borough | 2 | — | 2.4% | 2 | 0 |
| 10 | Skagway Municipality | 2 | — | 2.4% | 1 | +1 |
| 11 | Haines Borough | 1 | — | 1.2% | 0 | new |
| 12 | Sitka City and Borough | 1 | — | 1.2% | 1 | 0 |
| 13 | Hoonah-Angoon Census Area | 1 | — | 1.2% | 6 | -5 |
| 14 | North Slope Borough | 1 | — | 1.2% | 0 | new |
| 15 | Copper River Census Area | 1 | — | 1.2% | 2 | -1 |
| 16 | Dillingham Census Area | 1 | — | 1.2% | 1 | 0 |
FY2020 against FY2019
| Alaska | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 73 | 103 |
| 7(a) dollars | $30.4M | $61.7M |
| Median 7(a) approval | $217K | $275K |
| 504 approvals | 9 | 8 |
| 504 dollars | $5.6M | $3.2M |
| Jobs supported, as reported | 698 | 1,030 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2020?
Northrim Bank (17), Wells Fargo Bank National Association (16), Alaska Growth Capital BIDCO, Inc. (11), Evergreen Business Capital (9), Enterprise Bank & Trust (8). 16 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2020?
82: 73 under 7(a) worth $30.4M and 9 under 504 worth $5.6M.
Which Alaska counties had the most SBA approvals in FY2020?
Anchorage Municipality (30), Fairbanks North Star Borough (14), Matanuska-Susitna Borough (11), Kenai Peninsula Borough (5), Petersburg Borough (5).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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