Northrim Bank

This is a financial institution that provides SBA loan programs and banking services tailored to small and medium-sized businesses, helping them access capital for growth and development.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability.

Typically, banking hours are Monday through Friday from 9 am to 5 pm, but it's best to contact the branch directly for specific hours.

There are no fees for accessing general banking services, but loan applications and processing may involve certain fees which are disclosed during the application process.

This lender primarily serves small businesses and entrepreneurs in Alaska, with a focus on local community development and regional economic growth.

A minimum personal credit score of 650 is generally preferred, but the exact requirement may vary based on the loan type and applicant profile.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Northrim Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Northrim Bank to confirm current weekend availability before you go.

Northrim Bank is located in Alaska — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Northrim Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Northrim Bank itself, which runs its own lending under its own ownership. If you work at Northrim Bank, you can claim this listing from this page to manage it.

The core details for Northrim Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Northrim Bank before applying. If you represent Northrim Bank, claim this listing to keep its information up to date.

Contact Northrim Bank at (907) 562-0062 or use their contact form at northrim.com/About-Northrim/Contact-Us/Contact-Info. For SBA loans, ask for their business lending or SBA department. Confirm current contact details directly with Northrim Bank.

Based on its approved SBA loans, Northrim Bank most often finances businesses in construction & contractors, general retail, restaurants & food service, medical practices & clinics, automotive repair & services, and fitness & recreation. This reflects Northrim Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Northrim Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Northrim Bank participates in SBA Express depends on its specific SBA lending authority. Contact Northrim Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Northrim Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Northrim Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Northrim Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Northrim Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Northrim Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Northrim Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Northrim Bank weighs this case by case under its own policy, so be upfront about your history and ask Northrim Bank how it evaluates prior bankruptcies.