FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Alaska, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 131 loans in Alaska: 116 under 7(a) and 15 under 504, worth $100M.
That is about level with FY2023, when there were 135 approvals worth $91.1M.
Alaska accounted for 0.2% of the 76,235 approvals nationwide that year. 23 lenders had at least one approval in the state; KeyBank National Association had the most, 18.
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 23 lenders with the most approvals to Alaska businesses in FY2024, of 23 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | KeyBank National Association | 7(a) | 18 | $4.5M | 13.7% | 12 | +6 |
| 2 | Evergreen Business Capital | 504 | 15 | $13.6M | 11.5% | 27 | -12 |
| 3 | Wells Fargo Bank National Association | 7(a) | 14 | $5.4M | 10.7% | 16 | -2 |
| 4 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 12 | $14.9M | 9.2% | 15 | -3 |
| 5 | Live Oak Banking Company | 7(a) | 9 | $19.0M | 6.9% | 4 | +5 |
| 6 | Northrim Bank | 7(a) | 9 | $2.2M | 6.9% | 14 | -5 |
| 7 | Newtek Bank, National Association | 7(a) | 8 | $7.3M | 6.1% | 4 | +4 |
| 8 | First National Bank Alaska | 7(a) | 6 | $6.4M | 4.6% | 3 | +3 |
| 9 | Mt McKinley Bank | 7(a) | 6 | $731K | 4.6% | 1 | +5 |
| 10 | Readycap Lending, LLC | 7(a) | 5 | $2.5M | 3.8% | 2 | +3 |
| 11 | Northeast Bank | 7(a) | 5 | $380K | 3.8% | 3 | +2 |
| 12 | First Internet Bank of Indiana | 7(a) | 4 | $9.7M | 3.1% | 0 | new |
| 13 | United Midwest Savings Bank National Association | 7(a) | 4 | $2.0M | 3.1% | 0 | new |
| 14 | Mountain Pacific Bank | 7(a) | 3 | $3.1M | 2.3% | 1 | +2 |
| 15 | Pathward National Association | 7(a) | 3 | $2.4M | 2.3% | 0 | new |
| 16 | Celtic Bank Corporation | 7(a) | 2 | — | 1.5% | 0 | new |
| 17 | BayFirst National Bank | 7(a) | 2 | — | 1.5% | 8 | -6 |
| 18 | Gulf Coast Bank and Trust Company | 7(a) | 1 | — | 0.8% | 0 | new |
| 19 | TowneBank | 7(a) | 1 | — | 0.8% | 0 | new |
| 20 | The Huntington National Bank | 7(a) | 1 | — | 0.8% | 3 | -2 |
| 21 | BankVista | 7(a) | 1 | — | 0.8% | 1 | 0 |
| 22 | Global Federal Credit Union | 7(a) | 1 | — | 0.8% | 0 | new |
| 23 | First Bank of the Lake | 7(a) | 1 | — | 0.8% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 50 | $38.7M | 38.2% | 50 | 0 |
| 2 | Matanuska-Susitna Borough | 26 | $26.9M | 19.8% | 23 | +3 |
| 3 | Fairbanks North Star Borough | 17 | $17.4M | 13.0% | 16 | +1 |
| 4 | Kenai Peninsula Borough | 12 | $3.5M | 9.2% | 20 | -8 |
| 5 | Juneau City and Borough | 9 | $3.3M | 6.9% | 6 | +3 |
| 6 | Ketchikan Gateway Borough | 2 | — | 1.5% | 0 | new |
| 7 | Aleutians West Census Area | 2 | — | 1.5% | 2 | 0 |
| 8 | Kodiak Island Borough | 2 | — | 1.5% | 2 | 0 |
| 9 | Southeast Fairbanks Census Area | 2 | — | 1.5% | 1 | +1 |
| 10 | Skagway Municipality | 2 | — | 1.5% | 2 | 0 |
| 11 | Wrangell City and Borough | 2 | — | 1.5% | 0 | new |
| 12 | Northwest Arctic Borough | 1 | — | 0.8% | 0 | new |
| 13 | North Slope Borough | 1 | — | 0.8% | 0 | new |
| 14 | Yukon-Koyukuk Census Area | 1 | — | 0.8% | 1 | 0 |
| 15 | Bethel Census Area | 1 | — | 0.8% | 1 | 0 |
| 16 | Chugach Census Area | 1 | — | 0.8% | 1 | 0 |
FY2024 against FY2023
| Alaska | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 116 | 107 |
| 7(a) dollars | $86.9M | $73.5M |
| Median 7(a) approval | $284K | $250K |
| 504 approvals | 15 | 28 |
| 504 dollars | $13.6M | $17.6M |
| Jobs supported, as reported | 1,135 | 1,730 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2024?
KeyBank National Association (18), Evergreen Business Capital (15), Wells Fargo Bank National Association (14), Alaska Growth Capital BIDCO, Inc. (12), Live Oak Banking Company (9). 23 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2024?
131: 116 under 7(a) worth $86.9M and 15 under 504 worth $13.6M.
Which Alaska counties had the most SBA approvals in FY2024?
Anchorage Municipality (50), Matanuska-Susitna Borough (26), Fairbanks North Star Borough (17), Kenai Peninsula Borough (12), Juneau City and Borough (9).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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