SBA Lenders in Alaska
6 active SBA lenders · 241 loans approved · $191.5M total volume
All SBA Lenders in Alaska
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Northrim Bank | ANCHORAGE | 106 | $62.4M | $588K | ⭐ |
| Alaska Growth Capital BIDCO, Inc. | Anchorage | 103 | $110.7M | $1.1M | ⭐ |
| First National Bank Alaska | ANCHORAGE | 15 | $11.8M | $787K | — |
| Global Federal Credit Union | Anchorage | 9 | $3.7M | $415K | — |
| Mt McKinley Bank | Fairbanks | 7 | $816K | $117K | — |
| Denali State Bank | FAIRBANKS | 1 | $2.1M | $2.1M | — |
Finding an SBA Lender in Alaska
There are currently 6 SBA-approved lenders headquartered in Alaska, ranging from national banks to local community lenders. Together they have approved 241 SBA 7(a) loans totaling $191.5M since 2020.
Of these, 2 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Alaska
How many SBA lenders are in Alaska?
There are currently 6 SBA-approved lenders headquartered in Alaska. Together they have approved 241 SBA 7(a) loans totaling $191.5M since 2020. Of these, 2 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Alaska?
An SBA Preferred Lender (PLP) in Alaska is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Alaska currently has 2 Preferred Lenders.
How do I choose the best SBA lender in Alaska?
When choosing an SBA lender in Alaska, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 6 Alaska lenders so you can compare objectively.
How long does SBA loan approval take in Alaska?
With an SBA Preferred Lender in Alaska, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.