Anchorage, Alaska Bank Lends Money to Special Trade Contractors Company in Anchorage, Alaska

Get business loans from an Anchorage, Alaska bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Northrim Bank is a Anchorage, Alaska small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Alaska company.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
ANCHORAGE, AK 99518

SBA Loan Lender

NORTHRIM BANK
3111 'C' ST
ANCHORAGE, AK 99503

This bank loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

Loan Approval Date

5/15/2000

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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 Line of Credit

SBA 7A Banks for Anchorage, Alaska Loans

Where to Get an SBA Loan Alaska