Alaska Trends

FY2019 SBA Loans in Alaska
Loan icon
During FY2019 there were 103 7(a) loans made in the SBA Alaska District totaling $61.7 Million.

52,000 loans were made nationally totaling $23.17 billion.

“During the past fiscal year in Alaska, we saw an uptick in the number of potential borrowers that accessed the SBA Lender Match program. This indicates local interest in SBA lending programs and that Alaska business owners are researching their options.”

Nancy Porzio, Director, SBA Alaska District

Lender match icon
Lender Match has generated 4.4 million leads on behalf of small business to SBA lenders. That’s more 230,000 unique borrowers connected with financing options.
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In 2019, SBA expanded online lending tools and cut processing times in half.
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During FY2019, there were 8 504 Loans made in the SBA Alaska District totaling nearly $3.2 Million.

6,099 loans were made nationally totaling $4.9 billion.

SOURCE: Small Business Administration News Release October 2019
Top Industries by Number of Loans
Food service icon
Accommodation and Food Services
17 Loans
= $10.7 million
Retail icon
Retail Trade
15 Loans
= $9.2 million
Transportation and warehousing icon
Transportation and Warehousing
11 Loans
= $8.4 million
Healthcare and social assistance icon
Healthcare and Social Assistance
10 Loans
= $3 million
Professional, scientific, and tech services icon
Professional, Scientific, and Tech Services
9 Loans
= $6.8 million
Top SBA Lenders
Top SBA Lenders graph
Wells Fargo Bank, N.A.
23 loans / $6.6 million
Northrim Bank
20 loans / $5.9 million
Alaska Growth Capital
13 loans / $15 million
Evergreen Business Capital
10 loans / $3.5 million
Newtek Small Business Finance
8 loans / $10.6 million

ANS Crude Oil Production

ANS West Coast Crude Oil Prices

Statewide Employment Figures
ANS Crude Oil Production graph

SOURCE: Alaska Department of Revenue Tax Division

ANS West Coast Crude Oil Prices graph

SOURCE: Alaska Department of Revenue Tax Division

10/1976—9/2019
Seasonally Adjusted
Statewide Employment Figures graph

SOURCE: Alaska Department of Labor and Workforce Development, Research & Analysis Section

ANS Crude Oil Production

ANS Crude Oil Production graph

SOURCE: Alaska Department of Revenue Tax Division

ANS West Coast Crude Oil Prices

ANS West Coast Crude Oil Prices graph

SOURCE: Alaska Department of Revenue Tax Division

Statewide Employment Figures

10/1976—9/2019
Seasonally Adjusted

Statewide Employment Figures graph

SOURCE: Alaska Department of Labor and Workforce Development, Research & Analysis Section

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