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) 2022 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 continue to play an instrumental role to businesses who have pivoted from the challenges of this past years. We appreciate their commitment in providing services and loans to Alaskan 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
This award recognizes Evergreen Business Capital commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of twenty-eight SBA 504 loans totaling $26,550,000 during FY2022.
“We are extremely pleased to have been awarded the SBA Alaska Lender of the Year 2022! Assisting the small businesses in Alaska with the necessary financing to help them grow is very rewarding for us. We certainly couldn’t reach the number of small businesses throughout the state without the dedicated partnership of the various lending partners. We are dedicated to continuing to support small businesses throughout the State and look forward to the partnership of the lending community and the SBA for 2023 and beyond,” said Patti Kibbe, President/CEO Evergreen Business Capital.
SBA Alaska Community 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 twenty-three SBA 7a loans totaling $9,054,200 and nine 504 loans totaling $10,754,955 during FY2022.
“It is an honor to be named the 2022 SBA Alaska Community Lender of the Year and the SBA Alaska 504 Third Party Lender of the Year again this year. At Northrim, our local lenders assist small businesses throughout the state by being responsive to their needs and providing flexible and customized solutions. We understand the unique opportunities and challenges of living and working in Alaska and remain focused on adding value to the small business community through our work with the SBA Alaska office,” Mike Huston, President of Northrim Bank said.