Juneau, Alaska Lender Lends Money to Scenic And Sightseeing Transportation, Land Company
Thinking about meeting with a Juneau, Alaska bank about a business loan? Here's one Alaska business loan, issued by a Juneau bank, that was approved by the SBA.
Applying for an SBA loan with Alaska Pacific Bank worked out well for our friends at one local company in Juneau, Alaska. The business was able to get an SBA loan for $45,000. Nice!
SBA Loan Borrower
COMPANY TYPE: SCENIC AND SIGHTSEEING TRANSPORTATION, LAND
JUNEAU, AK 99801
SBA Loan Lender
ALASKA PACIFIC BANK
2094 JORDAN AVE
JUNEAU, AK 99801
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
487110 - Scenic and Sightseeing Transportation, Land
Loan Approval Date
2/14/2008
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $38,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had no employees. The SBA loan documents indicated that the borrowed money would help generate 1 new job.
Getting an SBA Loan For Your Business
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Alaska Pacific Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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 Credit Evaluation
Small Bank Loans in Juneau, Alaska
Find an SBA Lender in Alaska