Feasibility Study Data for the Anchorage, AK Metro Area

What the record shows for Anchorage

724 approvals inside Anchorage, AK between FY2017 and FY2026 carry $555.8 million in gross dollars. Separately, Anchorage comes in at 132 of 928 within the full set of metro and micro areas on approvals. $432,250 marks the middle loan; the middle half extends from $150,000 to $939,125. Worth noting: the median in Anchorage stands at 2.08x compared with the national median, so the typical loan sits more than the national norm. In turn, Anchorage counts only its home counties, never a mix of unrelated markets: 724 loans altogether.

Programs, franchises and lenders in Anchorage

599 loans under 7(a) stand against 125 loans in 504. In turn, 7.3% of the approvals carry franchisees in this area. Worth noting: in 7(a) loans, the biggest names on loan count come out as Wells Fargo Bank National Association with 123 loans for $59.0 million, Alaska Growth Capital BIDCO, Inc. with 93 loans for $96.1 million; and KeyBank National Association booking 67 loans and $19.1 million. In turn, no certified development company in Anchorage has enough loans to be named. Also, lender names are copied from SBA records for 724 loans; they list past loans and nothing further, and not what lenders want near Anchorage.

Counties, classes and yearly volume in Anchorage

Full-service restaurant with 31, 23 in limited-service restaurant, 19 in automotive mechanical repair, and dental office at 14 head the class list in the file. 508 loans sit apart from every named class, so its $555.8 million total covers more than the class list. In addition, 5 approvals in grocery store across Anchorage form too thin a base to show any claim. County by county, Anchorage Municipality (536) followed by Matanuska-Susitna Borough (188) lead the loan count. In practice, across the years, FY2017 leads off at 70 loans and $43.1 million; FY2021 sets the high mark at 91 loans and $70.8 million, while FY2026 finishes the series at 66 loans and $59.0 million.

The outcome floors in Anchorage

9.6% of FY2017 to FY2024 approvals in Anchorage have been cancelled after approval before disbursement, which is a floor; 10.5% is the ceiling with undisbursed loans included. For context, 1.6% among FY2017 through FY2021 loans disbursed in Anchorage have been charged off, a floor, in a cohort of 315 loans. Worth noting: a five-year figure is not released here, leaving the to-date floor to stand. Next, take every rate printed here as a minimum, because approvals made lately got scant runway to cancel or go bad, across 724 loans. An Anchorage entry in this file follows the area holding each loan's site county, from the July 2023 definitions as adopted; the counties get matched by name, and a record whose project county does not map is excluded from any area as a rule. For context, classed or unclassed, any loan under either program in the area is tallied towards its $555.8 million total.

Testing a project in Anchorage

In Anchorage, a study for a building begins with the particular site, rather than the 724-loan file. Then, local demand in Anchorage is tested first: can Anchorage's surrounding market sustain the receipts projected, against competitors in areas such as Anchorage Municipality? The median here stands at 2.08x against the nation's median, so costs here may run higher in many cases; the cost work prices the scope against quotes from nearby trades. Here, coverage of debt service ties demand to cost for Anchorage: forecast income tested against loan payments, and a weak-sales case. Worth noting: an independent appraisal ends the sequence for Anchorage: value as built must cover the amount requested. For context, an applicant who brings an outside study for Anchorage, before calling on the lenders above, has faced the floors in advance; approval rests with SBA's reviewers and the lender for Anchorage, not the author of a study.