FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Alaska, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 129 loans in Alaska: 116 under 7(a) and 13 under 504, worth $87.1M.
That is about level with FY2024, when there were 131 approvals worth $100M.
Alaska accounted for 0.2% of the 84,840 approvals nationwide that year. 26 lenders had at least one approval in the state; Alaska Growth Capital BIDCO, Inc. had the most, 22.
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 26 lenders with the most approvals to Alaska businesses in FY2025, of 26 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Alaska Growth Capital BIDCO, Inc. | 7(a) | 22 | $25.3M | 17.1% | 12 | +10 |
| 2 | KeyBank National Association | 7(a) | 17 | $4.3M | 13.2% | 18 | -1 |
| 3 | Newtek Bank, National Association | 7(a) | 13 | $10.4M | 10.1% | 8 | +5 |
| 4 | Evergreen Business Capital | 504 | 13 | $6.7M | 10.1% | 15 | -2 |
| 5 | Northeast Bank | 7(a) | 11 | $2.0M | 8.5% | 5 | +6 |
| 6 | Wells Fargo Bank National Association | 7(a) | 9 | $10.2M | 7.0% | 14 | -5 |
| 7 | Readycap Lending, LLC | 7(a) | 6 | $2.0M | 4.7% | 5 | +1 |
| 8 | Live Oak Banking Company | 7(a) | 5 | $5.7M | 3.9% | 9 | -4 |
| 9 | First National Bank Alaska | 7(a) | 5 | $3.2M | 3.9% | 6 | -1 |
| 10 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 3 | $5.5M | 2.3% | 0 | new |
| 11 | HomeTrust Bank | 7(a) | 3 | $800K | 2.3% | 0 | new |
| 12 | Celtic Bank Corporation | 7(a) | 3 | $381K | 2.3% | 2 | +1 |
| 13 | First Internet Bank of Indiana | 7(a) | 2 | — | 1.6% | 4 | -2 |
| 14 | City National Bank of Florida | 7(a) | 2 | — | 1.6% | 0 | new |
| 15 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 2 | — | 1.6% | 0 | new |
| 16 | Lendistry SBLC, LLC | 7(a) | 2 | — | 1.6% | 0 | new |
| 17 | Seattle Economic Development Fund dba Community Ca | 7(a) | 2 | — | 1.6% | 0 | new |
| 18 | Fifth Third Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 19 | Lexicon Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 20 | First Financial Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 21 | First Merchants Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 22 | Pathward National Association | 7(a) | 1 | — | 0.8% | 3 | -2 |
| 23 | Northrim Bank | 7(a) | 1 | — | 0.8% | 9 | -8 |
| 24 | Stone Bank | 7(a) | 1 | — | 0.8% | 0 | new |
| 25 | Magnifi Financial CU | 7(a) | 1 | — | 0.8% | 0 | new |
| 26 | U.S. Bank, National Association | 7(a) | 1 | — | 0.8% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Anchorage Municipality | 61 | $41.1M | 47.3% | 50 | +11 |
| 2 | Matanuska-Susitna Borough | 23 | $17.2M | 17.8% | 26 | -3 |
| 3 | Fairbanks North Star Borough | 12 | $6.5M | 9.3% | 17 | -5 |
| 4 | Kenai Peninsula Borough | 10 | $8.5M | 7.8% | 12 | -2 |
| 5 | Juneau City and Borough | 4 | $5.5M | 3.1% | 9 | -5 |
| 6 | Sitka City and Borough | 4 | $2.1M | 3.1% | 0 | new |
| 7 | Kodiak Island Borough | 4 | $406K | 3.1% | 2 | +2 |
| 8 | Ketchikan Gateway Borough | 2 | — | 1.6% | 2 | 0 |
| 9 | Aleutians West Census Area | 2 | — | 1.6% | 2 | 0 |
| 10 | Lake and Peninsula Borough | 2 | — | 1.6% | 0 | new |
| 11 | Chugach Census Area | 2 | — | 1.6% | 1 | +1 |
| 12 | Skagway Municipality | 1 | — | 0.8% | 2 | -1 |
| 13 | Bristol Bay Borough | 1 | — | 0.8% | 0 | new |
| 14 | Yukon-Koyukuk Census Area | 1 | — | 0.8% | 1 | 0 |
FY2025 against FY2024
| Alaska | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 116 | 116 |
| 7(a) dollars | $80.4M | $86.9M |
| Median 7(a) approval | $348K | $284K |
| 504 approvals | 13 | 15 |
| 504 dollars | $6.7M | $13.6M |
| Jobs supported, as reported | 1,286 | 1,135 |
Questions and answers
Which lenders made the most SBA loans in Alaska in FY2025?
Alaska Growth Capital BIDCO, Inc. (22), KeyBank National Association (17), Newtek Bank, National Association (13), Evergreen Business Capital (13), Northeast Bank (11). 26 lenders had at least one approval.
How many SBA loans were approved in Alaska in FY2025?
129: 116 under 7(a) worth $80.4M and 13 under 504 worth $6.7M.
Which Alaska counties had the most SBA approvals in FY2025?
Anchorage Municipality (61), Matanuska-Susitna Borough (23), Fairbanks North Star Borough (12), Kenai Peninsula Borough (10), Juneau City and Borough (4).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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