Looking for trusted Alaska SBA lenders to fuel your business growth? Our comprehensive directory connects Alaskan entrepreneurs with approved SBA loan providers throughout Anchorage, Fairbanks, Juneau and beyond. Whether you’re seeking SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our curated list features the most active small business lenders with competitive rates and flexible terms for Alaska businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the perfect financing partner to help your Alaska small business thrive in today’s challenging economic landscape.
| Banks | Location | Website |
|---|---|---|
| Celtic Bank | Salt Lake City, UT 84111 | celticbank.com |
| Denali State Bank | Fairbanks AK 99701 | denalistatebank.com |
| First National Bank Alaska | Anchorage AK 99510 | fnbalaska.com |
| First Bank | Ketchikan AK 99901 | firstbankak.com |
| KeyBank, N.A. | Seattle, WA 98101 | key.com |
| Live Oak Banking Co. | Wilmington, NC 28403 | liveoak.bank |
| Mt. McKinley Mutual Savings Bank | Fairbanks AK 99707 | mtmckinleybank.com |
| Native American Bank | Denver, CO 80202 | nabna.com |
| Northrim Bank | Anchorage, AK 99503 | northrim.com |
| Enterprise Bank & Trust | Tualatin, OR 97062 | enterprisebank.com |
| Unibank | Lynnwood, WA 98036 | unibankusa.com |
| United Midwest Savings Bank | Panama City Beach, FL 32413 | umwsb.com |
| Wells Fargo Bank, N.A. | Vancouver, WA 98660 | wellsfargo.com |
| Certified Development Companites (CDCs/504 Loans) | ||
| Evergreen Business Capital | Anchorage, AK 99503 | evergreen504.com |
| Ameritrust | Seattle, WA 98125 | ameritrustcdc.com |
| Non-Bank Lenders | ||
| Alaska Growth Capital BIDCO, Inc. | Anchorage, Alaska 99503 | alaskagrowth.com |
| Evergreen Business Capital (Community Advantage/SBLC Lender) | Anchorage, AK 99503 | evergreen504.com |
| NEWTEK Small Business Finance, Inc. | Lake Success, NY 11042 | newtekone.com |
| Credit Unions | ||
| Global Federal Credit Union | globalcu.org | |
| Nuvision Credit Union | Anchorage, AK 99503 | nuvisionfederal.com |
| Matanuska Valley Federal Credit Union | Anchorage, AK 99503 | mvfcu.coop |
| Northwest Federal Credit Union | Wasilla, AK 99654 | nwfcu.org |
| Spirit of AK Federal Credit Union | Herndon, VA 20170 | spiritofak.com |
| Tongass Federal Credit Union | Fairbanks, AK 99701 | tongassfcu.com |
| True North Federal Credit Union | Ketchikan, Alaska 99901 | truenorthfcu.org |
| Microlenders | Juneau, AK 99803 | |
| Business Impact NW | businessimpactnw.org | |
| Spruce Root, Inc. | spruceroot.org |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Alaska?
A: SBA loans are government-backed loans provided through approved lenders in Alaska. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Alaska small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This arrangement enables Alaskan entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Alaska businesses?
A: Alaska businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Alaska?
A: To qualify for an SBA loan in Alaska, businesses typically need:
- For-profit operation based in Alaska
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: Can Alaska Native Corporations access special SBA loan programs?
A: Yes, Alaska Native Corporations and tribally-owned businesses may qualify for the SBA 8(a) Business Development program, which includes special contracting opportunities and business assistance. Additionally, the SBA’s Office of Native American Affairs provides specialized resources for Alaska Native entrepreneurs, and some Alaska lenders offer programs specifically designed for Native-owned businesses.
Q: How does Alaska’s rural geography affect SBA lending?
A: The SBA recognizes Alaska’s unique geographic challenges and offers special considerations for rural businesses through programs like the Rural Lender Advantage program. Some Alaska lenders specialize in serving remote communities, and the SBA Alaska District Office provides support for businesses throughout the state, including those in rural areas without physical bank branches nearby.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.