Loan Census Banking News and Information
December 27, 2024  
 
 
  Business Loan Information  
 

Alaska SBA Banks

 

 
Loan Census SBA Loan Info

Juneau, Alaska Bank Gives SBA Loan to Store Retailers 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 firm in Ketchikan, Alaska. They got an SBA loan for $75,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
KETCHIKAN, AK 99901

SBA Loan Lender

ALASKA PACIFIC BANK
2094 JORDAN AVE
JUNEAU, AK 99801

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

6/12/2007

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Alaska Pacific Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Juneau, Alaska

SBA Lenders in Alaska