Lending data
Who actually lends to professional services firms in Alaska?
33 SBA 7(a) loans went to professional services firms in Alaska recently, at a median of $345,000. Here are the lenders that made them, ranked.
33 SBA 7(a) loans went to professional services firms in Alaska in the most recent fiscal years. The median was $345,000 over 10 years. The most active lender was Wells Fargo Bank, with 5 loans.
What lending to professional services firms in Alaska actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Professional and technical services, Alaska | All 7(a) borrowers |
|---|---|---|
| Loans approved | 33 | 214,102 |
| Median loan | $345,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $826,500 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 39.4% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 5.3% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to professional services firms in Alaska. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Wells Fargo Bank | 5 | $25,000 | 100% | 12.00% |
| Alaska Growth Capital BIDCO, Inc | 5 | $1,000,000 | 20% | 11.00% |
| Live Oak Banking Company | 5 | $1,900,000 | 40% | 8.50% |
| Northeast Bank | 4 | $50,000 | 25% | 11.25% |
| Readycap Lending, LLC | 3 | $221,000 | 0% | 10.25% |
| First National Bank Alaska | 3 | $500,000 | 67% | 9.50% |
| KeyBank | 3 | $65,000 | 0% | 9.00% |
| Newtek Bank | 2 | $62,500 | 0% | 11.50% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $345,000 is 130% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 39% against 34% nationally.
- No single lender dominates, but the top three made 45% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 39.4% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Wells Fargo Bank | 5 | $25,000 | 100% | 12.00% |
| First National Bank Alaska | 2 | $500,000 | 67% | 9.50% |
| Live Oak Banking Company | 2 | $1,900,000 | 40% | 8.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Alaska: restaurants and hotels, construction, healthcare, retail, personal services
- Professional Services in comparable states: Hawaii, West Virginia, North Dakota, Wyoming, Vermont, South Dakota