U.S. Small Business Administration Alaska District Office Announces Top SBA Alaska Lenders for Fisc

ANCHORAGE, Alaska – The U.S. Small Business Administration (SBA) Alaska District Office announces the top lenders of the SBA Loan Program in Alaska during Fiscal Year (FY) 2021 in three categories: Lender of the Year, Community Lender of the Year, and 504 Third Party Lender of the Year.
 
The SBA Loan Program provides lenders with a loan guarantee which lowers the risk of lending to small businesses and enables lenders to provide financing to small businesses and entrepreneurs in situations they are unable to do so conventionally.
 
“The SBA relies on a critical partnership with our lenders to finance the startup and growth of Alaska’s small businesses. Their efforts have been vital to so many struggling businesses working to immerge from the challenges of this past year. We greatly appreciate their hard work in providing services and loans to our small businesses who would not have been able to access this financial assistance otherwise,” SBA Alaska District Director Steve Brown said. “Thank you to all of our lending partners statewide and congratulations to all the top SBA Alaska lenders for their outstanding contribution to the economy of our great state.”
 
SBA Alaska Lender of the Year and SBA Alaska 504 Third Party Lender of the Year
These awards recognize Northrim Bank’s commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of forty SBA 7a loans totaling $30,564,400 and seven 504 loans totaling $2,111,401 during FY2021.
 
“We are honored to be named the 2021 SBA Alaska Lender of the Year and the 2021 SBA Alaska 504 Third Party Lender of the Year for our work with small businesses throughout the state. Our Proud to Be Alaskan values are based on supporting our communities and these two awards highlight the dedication of our employees to serving Alaskans. At Northrim we are proud to contribute to the strength of Alaska by supporting these businesses. We focus on listening and responding to the needs of the small business community and The SBA Loan Guarantee program provides us with additional opportunities and resources.”
 
Alaska Community Lender of the Year. 
This award recognizes Alaska Growth Capital’s commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of twelve SBA 7a loans totaling $6,156,000 during FY2021.
 
“ Alaska Growth Capital is honored to once again be recognized as the Alaska SBA Community Lender of the Year.  2021 was an exciting year for Alaska Small Business with companies continuing to navigate through the financial impacts of COVID-19, but also to begin positioning for opportunity and growth.  The SBA through its 7(a) loan guarantee program has been a key partner for Alaska Growth Capital and our efforts to provide innovative and impactful credit solutions to Alaska small businesses.”

For more information about SBA Loan Programs visit www.sba.gov/loans
   
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. The Alaska District serves Alaska with office location in Anchorage.