Anchorage, Alaska Entrepreneur Gets a Business Loan
Searching for an Alaska bank loan? This Alaska entrepreneur got a bank loan, provided by an Alaska bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Anchorage, Alaska by studying this loan to a local company, made back in 2007. Banks like Alaska Growth Cap. Bidco Inc. may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
Anchorage, AK 99503
SBA Loan Lender
ALASKA GROWTH CAP. BIDCO INC.
3900 C STREET, SUITE 302
ANCHORAGE, AK 99503
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
9/28/2007
Loan Approval Gross Amount
$1,250,000
Loan Approval from the SBA
Of the total $1,250,000 loan amount, the SBA guaranteed $937,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
If you want money for new small business in Anchorage AK, you ought to talk with a local Anchorage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Anchorage businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alaska Growth Cap. Bidco Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alaska Growth Cap. Bidco Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
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Small Business Banks in Anchorage, Alaska
Alaska SBA Bank Lenders