SBA 504 Loans in Fairbanks, AK
Find lenders offering sba 504 loans in the Fairbanks, including North Pole, Fort Wainwright, and surrounding areas. Compare rates, terms, and programs from 6 lenders.
Which SBA 504 lenders serve Fairbanks?
6 lenders offering sba 504 loans in the Fairbanks, 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 Fairbanks commercial real estate market look like?
Fairbanks serves as the economic gateway to Alaska's interior and North Slope oil fields, with its commercial real estate market closely tied to military, university, and resource extraction activity. The downtown core along Cushman Street and the Airport Way commercial corridor contain most of the city's retail and office inventory. Eielson Air Force Base and Fort Wainwright are major demand generators, with the Air Force's deployment of F-35 fighter jets to Eielson bringing hundreds of additional military families and support contractors. Construction costs run significantly above national averages due to permafrost building requirements, extreme temperatures, and freight costs for materials.
Key Economic Drivers
- ●Fort Wainwright and Eielson Air Force Base military installations
- ●University of Alaska Fairbanks research campus and Arctic research programs
- ●Trans-Alaska Pipeline System maintenance and North Slope oil field support services
- ●Fairbanks Memorial Hospital and regional healthcare services
Market Insight
The F-35 fighter jet basing at Eielson Air Force Base has brought an influx of over 3,000 military personnel and dependents, creating sustained demand for off-base retail, hospitality, and multifamily properties in the surrounding area.
How do sba 504 loans work in Fairbanks, 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 Fairbanks metro area, borrowers can access 6 lenders offering SBA 504 financing, including North Pole, Fort Wainwright, 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 Fairbanks FAQ
How many SBA 504 lenders serve Fairbanks, AK? ▼
What are SBA 504 loan rates in Fairbanks? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
Where else can I find sba 504 loans in Alaska?
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