FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Alaska, FY2023
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 135 loans in Alaska: 107 under 7(a) and 28 under 504, worth $91.1M.
That is up 19% on FY2022, when there were 113 approvals worth $86.9M.
Alaska accounted for 0.2% of the 63,286 approvals nationwide that year. 29 lenders had at least one approval in the state; Evergreen Business Capital had the most, 27.
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 29 lenders with the most approvals to Alaska businesses in FY2023, of 29 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Evergreen Business Capital | 504 | 27 | $16.1M | 20.0% | 28 | -1 |
| 2 | Wells Fargo Bank National Association | 7(a) | 16 | $1.3M | 11.9% | 9 | +7 |
| 3 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 15 | $15.3M | 11.1% | 21 | -6 |
| 4 | Northrim Bank | 7(a) | 14 | $11.3M | 10.4% | 23 | -9 |
| 5 | KeyBank National Association | 7(a) | 12 | $5.2M | 8.9% | 5 | +7 |
| 6 | BayFirst National Bank | 7(a) | 8 | $1.2M | 5.9% | 2 | +6 |
| 7 | Newtek Small Business Finance, Inc. | 7(a) | 5 | $3.6M | 3.7% | 8 | -3 |
| 8 | Live Oak Banking Company | 7(a) | 4 | $4.6M | 3.0% | 3 | +1 |
| 9 | Newtek Bank, National Association | 7(a) | 4 | $2.9M | 3.0% | 0 | new |
| 10 | First National Bank Alaska | 7(a) | 3 | $1.8M | 2.2% | 0 | new |
| 11 | The Huntington National Bank | 7(a) | 3 | $1.5M | 2.2% | 0 | new |
| 12 | Native American Bank, National Association | 7(a) | 3 | $327K | 2.2% | 0 | new |
| 13 | Northeast Bank | 7(a) | 3 | $102K | 2.2% | 1 | +2 |
| 14 | Readycap Lending, LLC | 7(a) | 2 | — | 1.5% | 0 | new |
| 15 | Harborstone CU | 7(a) | 2 | — | 1.5% | 1 | +1 |
| 16 | Stearns Bank National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 17 | Enterprise Bank & Trust | 7(a) | 1 | — | 0.7% | 0 | new |
| 18 | Bank of Hope | 7(a) | 1 | — | 0.7% | 0 | new |
| 19 | Denali State Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 20 | Bank Five Nine | 7(a) | 1 | — | 0.7% | 0 | new |
| 21 | Mountain Pacific Bank | 7(a) | 1 | — | 0.7% | 1 | 0 |
| 22 | Legacy Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 23 | Mortgage Capital Development Corporation | 504 | 1 | — | 0.7% | 0 | new |
| 24 | BankVista | 7(a) | 1 | — | 0.7% | 0 | new |
| 25 | American Momentum Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 26 | Five Star Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 27 | JPMorgan Chase Bank, National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 28 | Mt McKinley Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 29 | Blue Ridge Bank National Association | 7(a) | 1 | — | 0.7% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 50 | $39.2M | 37.0% | 56 | -6 |
| 2 | Matanuska-Susitna Borough | 23 | $17.8M | 17.0% | 14 | +9 |
| 3 | Kenai Peninsula Borough | 20 | $7.3M | 14.8% | 8 | +12 |
| 4 | Fairbanks North Star Borough | 16 | $8.8M | 11.9% | 13 | +3 |
| 5 | Juneau City and Borough | 6 | $2.7M | 4.4% | 4 | +2 |
| 6 | Sitka City and Borough | 4 | $6.1M | 3.0% | 4 | 0 |
| 7 | Aleutians West Census Area | 2 | — | 1.5% | 0 | new |
| 8 | Kodiak Island Borough | 2 | — | 1.5% | 0 | new |
| 9 | Skagway Municipality | 2 | — | 1.5% | 1 | +1 |
| 10 | Petersburg Borough | 2 | — | 1.5% | 1 | +1 |
| 11 | Southeast Fairbanks Census Area | 1 | — | 0.7% | 0 | new |
| 12 | Copper River Census Area | 1 | — | 0.7% | 1 | 0 |
| 13 | Prince of Wales-Hyder Census Area | 1 | — | 0.7% | 0 | new |
| 14 | Bristol Bay Borough | 1 | — | 0.7% | 2 | -1 |
| 15 | Dillingham Census Area | 1 | — | 0.7% | 1 | 0 |
| 16 | Yukon-Koyukuk Census Area | 1 | — | 0.7% | 0 | new |
| 17 | Bethel Census Area | 1 | — | 0.7% | 1 | 0 |
| 18 | Chugach Census Area | 1 | — | 0.7% | 3 | -2 |
FY2023 against FY2022
| Alaska | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 107 | 84 |
| 7(a) dollars | $73.5M | $60.1M |
| Median 7(a) approval | $250K | $450K |
| 504 approvals | 28 | 29 |
| 504 dollars | $17.6M | $26.8M |
| Jobs supported, as reported | 1,730 | 1,472 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2023?
Evergreen Business Capital (27), Wells Fargo Bank National Association (16), Alaska Growth Capital BIDCO, Inc. (15), Northrim Bank (14), KeyBank National Association (12). 29 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2023?
135: 107 under 7(a) worth $73.5M and 28 under 504 worth $17.6M.
Which Alaska counties had the most SBA approvals in FY2023?
Anchorage Municipality (50), Matanuska-Susitna Borough (23), Kenai Peninsula Borough (20), Fairbanks North Star Borough (16), Juneau City and Borough (6).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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