Best Alaska SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Alaska
SBA Loans in Alaska
Alaska businesses received $80.4M in SBA 7(a) loan approvals across 116 businesses in 2025, supporting 1,232 jobs. With 25 active SBA lenders competing for business in Alaska, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Alaska is $693K at 10.4%, which is 0.08% above the national average of 10.32%. The top lender in Alaska is Alaska Growth Capital BIDCO, Inc., with the most-funded industry being Homes for the Elderly.
SBA Loans in Alaska by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Alaska, here’s how SBA lending breaks down:
Startups represent 14% of Alaska SBA loans (14 loans totaling $11.2M). Business acquisitions (change of ownership) account for 15% (8 loans, $11.8M). Existing businesses make up the largest share at 54% (69 loans). If you’re buying a business in Alaska, acquisitions are a well-established use case for SBA 7(a) loans.
Alaska vs. National Average
How does Alaska’s SBA lending market compare to the national average in 2025?
Alaska10.4%
National Avg10.32%
Alaska’s avg rate is 0.08% higher than the national average
Alaska$693K
National Avg$478K
Alaska’s avg loan is 1.5x the national average
A rate higher than the national average of 10.32% is significant context for Alaska borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Alaska (2025 Data)
The table below ranks every SBA 7(a) lender active in Alaska in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Alaska Growth Capital BIDCO, Inc. | $25.3M | 22 | 10.53% |
| 2 | Newtek Bank, National Association | $10.4M | 13 | 11.06% |
| 3 | Wells Fargo Bank National Association | $10.2M | 9 | 9.14% |
| 4 | Live Oak Banking Company | $5.7M | 5 | 9.85% |
| 5 | Community Bank & Trust-West Georgia | $5.5M | 3 | 10.67% |
| 6 | KeyBank National Association | $4.3M | 17 | 10.16% |
| 7 | First Internet Bank of Indiana | $3.7M | 2 | 10.12% |
| 8 | First National Bank Alaska | $3.2M | 5 | 9.1% |
| 9 | Readycap Lending, LLC | $2.0M | 6 | 10.79% |
| 10 | Northeast Bank | $2.0M | 11 | 10.48% |
| 11 | Fifth Third Bank | $1.9M | 1 | 7.5% |
| 12 | Lexicon Bank | $1.3M | 1 | 9% |
| 13 | City National Bank of Florida | $875K | 2 | 10.38% |
| 14 | HomeTrust Bank | $800K | 3 | 10.25% |
| 15 | First Financial Bank | $655K | 1 | 8.4% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Alaska have funded the most deals locally, meaning their loan officers understand Alaska’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Alaska-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Alaska
One 5-minute application. 25 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Alaska
SBA lending in Alaska reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Alaska in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Homes for the Elderly | 3 | $6.4M |
| Breweries | 1 | $5.0M |
| Full-Service Restaurants | 8 | $4.9M |
| Scheduled Passenger Air Transportation | 1 | $4.4M |
| Crude Petroleum and Natural Gas | 1 | $3.7M |
| Offices of Dentists | 3 | $3.2M |
| Offices of Other Holding Companies | 1 | $2.9M |
| Pet Care (except Veterinary) Services | 2 | $2.9M |
| Veterinary Services | 2 | $2.4M |
| General Automotive Repair | 6 | $2.2M |
| Tour Operators | 2 | $1.9M |
| Offices of Physicians (except Mental Health Specialists) | 2 | $1.9M |
| Advertising Agencies | 2 | $1.5M |
| Nursing Care Facilities | 1 | $1.5M |
| Snack and Nonalcoholic Beverage Bars | 2 | $1.5M |
If your business operates in one of Alaska’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Alaska
SBA lending activity within Alaska is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Alaska the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Anchorage | 48 | $37.3M |
| Wasilla | 15 | $11.2M |
| Juneau | 4 | $5.5M |
| Soldotna | 5 | $4.8M |
| Homer | 3 | $3.3M |
| Fairbanks | 6 | $3.1M |
| Saint Paul Island | 1 | $2.9M |
| North Pole | 4 | $2.5M |
| Palmer | 1 | $2.3M |
| Sitka | 4 | $2.1M |
How to Get an SBA Loan in Alaska
Option 1: Apply directly to one of the top Alaska lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Alaska-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Alaska in 2025?
What is the average SBA loan interest rate in Alaska?
Can I get an SBA loan to start a business in Alaska?
Who is the top SBA lender in Alaska?
What industries get the most SBA loans in Alaska?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
