SBA Lenders Actively Funding Businesses in Alaska

Since 2020, 75 different SBA lenders have approved1,065 loans for businesses in Alaska. The table below ranks the most active by loans actually made in the state, not by advertising budget. A lender headquartered elsewhere that funds heavily in Alaskabeats a local name that rarely writes SBA loans.

Most active SBA lenders in Alaska

Lender	AK loans since 2020	Median loan	Median rate
Evergreen Business Capital	264	$500K	n/a
KeyBank National Association	78	$100K	9.24%
Wells Fargo Bank National Association	76	$15K	9.75%
KeyBank National Association	34	$625K	n/a
Live Oak Banking Company	31	$785K	8.35%
Newtek Bank, National Association	23	$200K	11.25%
Northeast Bank	15	$103K	10.75%
Readycap Lending, LLC	15	$150K	11.25%
BayFirst National Bank	11	$150K	12.25%
Celtic Bank Corporation	9	$150K	10.25%
Enterprise Bank & Trust	8	$931K	6%
Wells Fargo Bank National Association	8	$858K	n/a
Harborstone CU	8	$510K	9.25%
HomeTrust Bank	7	$803K	7.5%
United Midwest Savings Bank National Association	5	$150K	9.75%
First Bank of the Lake	5	$373K	10.25%
First Internet Bank of Indiana	4	$816K	10%
Pathward National Association	4	$1.0M	9.5%
FDIC - Community Bank & Trust-West Georgia	4	$950K	9.25%
Lendistry SBLC, LLC	3	$150K	12.25%
CenTrust Bank, A Division of SmartBiz Bank National Association	3	$150K	11.25%
The Huntington National Bank	2	$95K	9.5%
Stone Bank	2	$150K	9.75%
Beacon Bank and Trust	2	$645K	8.25%
First-Citizens Bank & Trust Company	2	$750K	n/a

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Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records. Loan counts reflect projects located in Alaska. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.