SBA Loan from Denali State Bank Helps Motor Vehicle Towing Company

Denali State Bank has a track record as a leading provider of SBA loans. Find out how this Alaska entrepreneur received an SBA loan from them.

Getting a small business loan in Fairbanks, Alaska was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Denali State Bank, operating out of Fairbanks, Alaska. Here are the details on this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
FAIRBANKS, AK 99701

SBA Loan Lender

DENALI STATE BANK
119 N CUSHMAN ST
FAIRBANKS, AK 99701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

8/1/2007

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, anyone can do it... so why not you?

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.

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