Loans for Book Stores

With these loans for book stores, the SBA guarantees the lender that the loan will be repaid. This book stores loan for $276,569 was given to an Alaska entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Craig, Alaska was able to borrow $276,569 from First Bank. The SBA made the loan possible by guaranteeing $207,427 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
CRAIG, AK 99901

SBA Loan Lender

FIRST BANK
331 DOCK ST
KETCHIKAN, AK 99901

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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

5942 - Book Stores

NAICS Code

451211 - Book Stores

Loan Approval Date

12/23/2003

Loan Approval Gross Amount

$276,569

Loan Approval from the SBA

Of the total $276,569 loan amount, the SBA guaranteed $207,427.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Craig or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Getting Venture Capital

Small Business Banks in Ketchikan, Alaska

SBA Lenders in Alaska