Business Lending

Succeeding together

Northrim is very proud of the many businesses we have helped start and grow over the years, and we are profoundly aware of the connection between our success and the success of our customers.

Our dynamic team of experts has a proven record of processing and expediting business loans throughout the state. In addition to Northrim business loans, we have expertise in loan participations with:

Alaska Industrial Development and Export Authority (AIDEA)
Small Business Administration (SBA) loans
Alaska Housing Finance Corporation's (AHFC) multi-family loan program

Complete an application or stop by your local branch to apply. Based on your inquiry, you may also be asked to fill out a Personal Financial Statement or a Business Financial Statement.

Meet our Loan Officers

Business lending options

Let's tackle this together. Schedule a planning session with one of our expert loan officers to discuss your goals and learn more about our lending options.

Commercial & Small Business Loans

A solid approach to short- and long-term loans for everything from managing your cash cycle to expanding your business.

Commercial Real Estate Loans

Purchase, refinance, improve or build new commercial real estate, such as office, warehouse, or retail space.

Residential Construction Loans

Helping builders build Alaska! Specifically designed for contractors licensed to build one to four family residences in Alaska.

AHFC

(Alaska Housing Finance Corporation)
Acquire, refinance, rehabilitate with acquisition or refinance of multi-family property or extract equity with a refinance to purchase another multi-family property financed by AHFC.

AIDEA

(Alaska Industrial Development and Export Authority )
Long-term financing in participation with AIDEA, which works to encourage economic growth and diversification in Alaska.

SBA

(Small Business Administration)
Financing to start, acquire, grow or bolster Alaska small businesses, in partnership with the SBA.

A partner you can trust

As a local community bank, we have earned a reputation as a trusted business partner in Alaska.

Alaskan landscape

Experienced team: Our loan officers are equipped with local industry insight, solid business connections, and the ability to present creative financing options.
Customized solutions: We offer flexible terms and out-of-the-box, nontraditional financing to meet your specific needs and goals.
Proven experience: We have proven experience across a broad range of industries, including resource development, Alaska Native corporations and healthcare.
Local presence: Face-to-face meetings, local phone numbers and local decision-making.
Trusted advice: Northrim has helped start and grow many businesses during our years in Alaska, earning the reputation as a trusted advisor.
Alaska focused: With Northrim, you’ll be working with real Alaskans who understand what it takes to live and work in Alaska.

Northrim Bank NMLS #490464

The interest rate on your loan can either be fixed or variable, depending on the loan type and situation. In addition to interest, you will usually be charged one or more fees. The most common is a loan origination fee, which is frequently based upon the amount of the loan. There may also be miscellaneous fees such as appraisal fees (when property is being purchased or used as collateral), credit report fees, filing fees, and any other fees that we are charged as part of your loan package preparation.