First National Bank Alaska
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First National Bank Alaska
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 16 | $3.4M | $214K | 13.3% |
| 722513 | Limited-Service Restaurants | 8 | $2.8M | $346K | 6.7% |
| 455219 | Other | 8 | $5.2M | $646K | 6.7% |
| 532289 | Other | 8 | $14.0M | $1.7M | 6.7% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 8 | $24.0M | $3.0M | 6.7% |
| 561510 | Travel Agencies | 8 | $3.1M | $385K | 6.7% |
| 541380 | Testing Laboratories | 8 | $2.9M | $364K | 6.7% |
| 531390 | Other Activities Related to Real Estate | 8 | $11.0M | $1.4M | 6.7% |
| 541990 | All Other Professional, Scientific, and Technical Services | 8 | $4.0M | $500K | 6.7% |
| 459120 | Other | 8 | $3.6M | $450K | 6.7% |
Geographic Distribution
SBA lending activity for First National Bank Alaska by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alaska (AK) | 120 | $94.5M | 100.0% |
Why Choose First National Bank Alaska?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 120 SBA loans approved, totaling $94.5M in financing
- ✓Industry Expertise: Specialized focus on Snack and Nonalcoholic Beverage Bars, Limited-Service Restaurants, Other
- ✓Competitive Terms: Average interest rate of 9.42% with flexible term lengths averaging 134 months
- ✓Loan Range: Loan sizes from $102K to $3.0M, with an average of $787K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in AK
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First National Bank Alaska SBA lending
What types of businesses does First National Bank Alaska typically finance?
First National Bank Alaska specializes in SBA 7(a) lending to specific industries including snack and nonalcoholic beverage bars, limited-service restaurants, other, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First National Bank Alaska's typical SBA loan terms?
First National Bank Alaska's SBA 7(a) loans typically feature an average interest rate of 9.42% and average term length of 134 months (approximately 11 years). Loan sizes range from $102K to $3.0M, with an average loan size of $787K.
Do I need a business valuation for a First National Bank Alaska SBA loan?
Yes, First National Bank Alaska typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First National Bank Alaska compare to other SBA lenders?
First National Bank Alaska has originated 120 SBA loans totaling $94.5M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First National Bank Alaska lend in?
First National Bank Alaska provides SBA 7(a) financing with particularly strong presence in AK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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