SBA 504 Loans in Anchorage, AK
Find lenders offering sba 504 loans in the Anchorage, including Eagle River, Wasilla, and surrounding areas. Compare rates, terms, and programs from 6 lenders.
Which SBA 504 lenders serve Anchorage?
6 lenders offering sba 504 loans in the Anchorage, AK area.
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Evergreen Business Capital
SBASeattle, WA
What does the Anchorage commercial real estate market look like?
Anchorage is Alaska's primary commercial real estate hub, accounting for roughly 40% of the state's total population and the vast majority of its Class A office inventory. The Midtown district along C Street and the downtown core near the Dena'ina Civic and Convention Center concentrate most institutional-grade office and retail activity. Industrial demand is driven by the Ted Stevens Anchorage International Airport, which ranks among the top five cargo airports globally due to its strategic position on polar air routes between Asia and North America. Retail and mixed-use development has expanded along the Muldoon Road corridor and in the South Anchorage neighborhoods near the Seward Highway.
Key Economic Drivers
- ●Ted Stevens Anchorage International Airport cargo and logistics operations
- ●Joint Base Elmendorf-Richardson military spending and contractor activity
- ●Providence Alaska Medical Center and Alaska Regional Hospital healthcare systems
- ●Oil and gas company regional headquarters including ConocoPhillips Alaska
Market Insight
Alaska has no state income tax or state sales tax, which reduces operating costs for commercial tenants, though Anchorage levies a municipal property tax that investors must underwrite carefully given limited comparable sales data.
How do sba 504 loans work in Anchorage, Alaska?
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Anchorage metro area, borrowers can access 6 lenders offering SBA 504 financing, including Eagle River, Wasilla, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key requirements?
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans in Anchorage FAQ
How many SBA 504 lenders serve Anchorage, AK? ▼
What are SBA 504 loan rates in Anchorage? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
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Where else can I find sba 504 loans in Alaska?
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