SBA Honors Alaska Lenders.

• Author: Pounds, Nancy
• Position: INSIDE ALASKA BUSINESS

Wells Fargo Bank was chosen Alaska Small Business Administration lender of the year for 2011. The U.S. SBA Alaska District Office presented the award in November at the Alaska Lenders' Symposium in Anchorage. This award recognizes the SBA lender that achieves the overall highest number of SBA loan approvals to businesses located in Alaska during the federal fiscal year.

The bank tallied 27 loan approvals during the fiscal year that ended Sept. 30, 2010, for a total of almost $8.4 million.

Alaska Growth Capital BIDCO Inc. was selected as Alaska SBA community lender of the year. The award honors Alaska Growth Capital's commitment to providing financial assistance to businesses located in Alaska during the federal fiscal year. Alaska Growth Capital, a subsidiary of Arctic Slope Regional Corp., partners with Wells Fargo, Northrim Bank, First...