SBA Lender of Note
First National’s commitment to funding Alaskan-owned businesses has repeatedly earned recognition from SBA, including being selected as the Alaska SBA 504 Lender of the Year six times between 2011 and 2019.
“We’re deeply honored and proud to play an important role in helping small businesses find financing through the 504 program. The bank’s mission is to help Alaskans meet and exceed their business and personal banking goals by offering solutions that help them succeed.”
Betsy Lawer
First National Board Chair and CEO/President
Is an SBA Loan Right For Your Business?
SBA loans are designed to help small businesses secure the funding they need to start, grow or recover from disasters. SBA sets guidelines for these loans and guarantees a portion of the loan, reducing the risk for lenders and making it easier for small businesses to qualify. These loans can be used for a variety of business purposes, including:
- Acquiring, refinancing or improving real estate and buildings
- Short- and long-term working capital
- Purchasing and installation of machinery and equipment, including AI-related expenses
- Refinancing current business debt
- Purchasing furniture, fixtures and supplies
- Changes of ownership (complete or partial)
- Multiple purpose loans, including any of the above
SBA Loan Types
7(a) Loan1
Fund or Grow Your Small Business
SBA’s primary program for long-term financing, with a maximum loan amount of $5 million.
504 Loan1
Finance your Growing Business
Long-term, fixed-rate financing, with a maximum loan amount of $5.5 million.
Microloan1
Launch and Expand Your Small Business or Nonprofit Childcare Center.
Interest varies based on the intermediary lender requirements, with a maximum loan amount of $50,000
Contact Us
Visit one of our branches or contact a local lending expert to discuss if an SBA loan is right for your business.
Disclosures
- Loans are subject to credit approval. Certain fees and restrictions may apply.
Note: The bank will examine all applications thoroughly and weigh their merits in accordance with our lending policies and all federal, state and local laws.