Northrim Bank is proud to announce two recent recognitions from the U.S. Small Business Administration (SBA). Northrim was presented with the 2021 SBA Alaska Lender of the Year and the 2021 SBA Alaska 504 Third Party Lender of the Year awards.
These awards recognize Northrim Bank’s commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of 40 SBA 7a loans totaling $30,564,400 and seven 504 loans totaling $2,111,401 during FY2021.
“We are honored to be named the 2021 SBA Alaska Lender of the Year and the 2021 SBA Alaska 504 Third Party Lender of the Year for our work with small businesses throughout the state. Our Proud to Be Alaskan values are based on supporting our communities and these two awards highlight the dedication of our employees to serving Alaskans. At Northrim we are proud to contribute to the strength of Alaska by supporting these businesses,” said Mike Huston, President and Chief Lending Officer, Northrim Bank. “We focus on listening and responding to the needs of the small business community and The SBA Loan Guarantee program provides us with additional opportunities and resources.”
During the pandemic, Northrim Bank was the leading Paycheck Protection Program (PPP) lender, a program administered by the SBA. Then and now, Northrim appreciates the work the SBA does to support businesses in Alaska.
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