FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Alaska, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 113 loans in Alaska: 84 under 7(a) and 29 under 504, worth $86.9M.
That is down 19% on FY2021, when there were 139 approvals worth $112M.
Alaska accounted for 0.2% of the 56,932 approvals nationwide that year. 19 lenders had at least one approval in the state; Evergreen Business Capital had the most, 28.
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 19 lenders with the most approvals to Alaska businesses in FY2022, of 19 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Evergreen Business Capital | 504 | 28 | $26.6M | 24.8% | 18 | +10 |
| 2 | Northrim Bank | 7(a) | 23 | $9.1M | 20.4% | 40 | -17 |
| 3 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 21 | $20.2M | 18.6% | 12 | +9 |
| 4 | Wells Fargo Bank National Association | 7(a) | 9 | $2.4M | 8.0% | 13 | -4 |
| 5 | Newtek Small Business Finance, Inc. | 7(a) | 8 | $10.3M | 7.1% | 12 | -4 |
| 6 | KeyBank National Association | 7(a) | 5 | $1.6M | 4.4% | 11 | -6 |
| 7 | HomeTrust Bank | 7(a) | 3 | $2.9M | 2.7% | 0 | new |
| 8 | Live Oak Banking Company | 7(a) | 3 | $1.7M | 2.7% | 4 | -1 |
| 9 | First Bank of the Lake | 7(a) | 2 | — | 1.8% | 2 | 0 |
| 10 | BayFirst National Bank | 7(a) | 2 | — | 1.8% | 2 | 0 |
| 11 | MVB Bank, Inc. | 7(a) | 1 | — | 0.9% | 0 | new |
| 12 | Celtic Bank Corporation | 7(a) | 1 | — | 0.9% | 0 | new |
| 13 | Blue Ridge Bank National Association | 7(a) | 1 | — | 0.9% | 1 | 0 |
| 14 | Banesco USA | 7(a) | 1 | — | 0.9% | 0 | new |
| 15 | Mountain Pacific Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 16 | Ameritrust CDC | 504 | 1 | — | 0.9% | 1 | 0 |
| 17 | Customers Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 18 | Harborstone CU | 7(a) | 1 | — | 0.9% | 4 | -3 |
| 19 | Northeast Bank | 7(a) | 1 | — | 0.9% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 56 | $51.7M | 49.6% | 78 | -22 |
| 2 | Matanuska-Susitna Borough | 14 | $13.0M | 12.4% | 13 | +1 |
| 3 | Fairbanks North Star Borough | 13 | $5.9M | 11.5% | 17 | -4 |
| 4 | Kenai Peninsula Borough | 8 | $4.4M | 7.1% | 8 | 0 |
| 5 | Juneau City and Borough | 4 | $2.3M | 3.5% | 4 | 0 |
| 6 | Sitka City and Borough | 4 | $3.6M | 3.5% | 1 | +3 |
| 7 | Chugach Census Area | 3 | $595K | 2.7% | 0 | new |
| 8 | Bristol Bay Borough | 2 | — | 1.8% | 1 | +1 |
| 9 | Northwest Arctic Borough | 1 | — | 0.9% | 1 | 0 |
| 10 | Ketchikan Gateway Borough | 1 | — | 0.9% | 4 | -3 |
| 11 | North Slope Borough | 1 | — | 0.9% | 0 | new |
| 12 | Copper River Census Area | 1 | — | 0.9% | 0 | new |
| 13 | Nome Census Area | 1 | — | 0.9% | 0 | new |
| 14 | Skagway Municipality | 1 | — | 0.9% | 0 | new |
| 15 | Dillingham Census Area | 1 | — | 0.9% | 0 | new |
| 16 | Bethel Census Area | 1 | — | 0.9% | 0 | new |
| 17 | Petersburg Borough | 1 | — | 0.9% | 0 | new |
FY2022 against FY2021
| Alaska | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 84 | 120 |
| 7(a) dollars | $60.1M | $99.3M |
| Median 7(a) approval | $450K | $417K |
| 504 approvals | 29 | 19 |
| 504 dollars | $26.8M | $12.6M |
| Jobs supported, as reported | 1,472 | 1,792 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2022?
Evergreen Business Capital (28), Northrim Bank (23), Alaska Growth Capital BIDCO, Inc. (21), Wells Fargo Bank National Association (9), Newtek Small Business Finance, Inc. (8). 19 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2022?
113: 84 under 7(a) worth $60.1M and 29 under 504 worth $26.8M.
Which Alaska counties had the most SBA approvals in FY2022?
Anchorage Municipality (56), Matanuska-Susitna Borough (14), Fairbanks North Star Borough (13), Kenai Peninsula Borough (8), Juneau City and Borough (4).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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