Entrepreneur Works With Anchorage, Alaska Bank to Get an SBA Loan

Thinking about meeting with an Anchorage, Alaska bank about a small business loan? Here's one Alaska business loan, issued by an Anchorage bank, that was approved by the SBA.

Applying for an SBA loan with Northrim Bank worked out well for our friends at one local company in Anchorage, Alaska. The business was able to get an SBA loan for $20,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE
ANCHORAGE, AK 99524

SBA Loan Lender

NORTHRIM BANK
3301 C ST
ANCHORAGE, AK 99503

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3229 - Pressed and Blown Glass and Glassware

NAICS Code

327212 - Pressed and Blown Glass and Glassware Manufacturing

Loan Approval Date

3/13/2000

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $16,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northrim Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Incubators

SBA 7A Banks in Anchorage, Alaska

Getting an SBA Loan in Alaska