President Biden announced important changes to the PPP, including a two-week window for businesses with fewer than 20 employees.
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FY 2016 Loan Volume (From Oct. 1, 2015 through Sept. 30, 2016)
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District Office Lending Chart
7(a) Loan Guaranty Program
| Lender Name | 7a Number of Loans |
7a Loan Amount |
|---|---|---|
| Alaska Growth Capital, BIDCO | 20 | 22,907,300 |
| Wells Fargo Bank, N.A. | 99 | 20,736,100 |
| Live Oak Banking Company | 3 | 5,508,000 |
| Northrim Bank | 9 | 4,956,000 |
| West Town Bank & Trust | 2 | 4,900,000 |
| SaviBank | 1 | 3,900,000 |
| First Bank Financial Centre | 2 | 2,100,000 |
| Alaska USA FCU | 5 | 1,110,000 |
| KeyBank, N.A. | 5 | 712,000 |
| First Home Bank | 2 | 550,000 |
| Newtek Small Business Finance Inc. | 1 | 380,000 |
| Hana Small Business Lending Inc. | 1 | 244,000 |
| Celtic Bank Corporation | 1 | 150,000 |
| Stearns Bank, N.A. | 1 | 150,000 |
| Total SUM | 152 | 68,303,400 |
CDC/504 Loan Program
| Lender Name | CDC/504 Number of Loans |
CDC/504 Loan Amount |
|---|---|---|
| Evergreen Business Capital | 16 | 7,483,200 |
| Total SUM | 16 | 7,483,200 |