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November 22, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Sitka, Business Loans > Alaska Pacific Bank Sitka Business Loans > Nonscheduled Chartered Passenger Air Transportation Loan | ||||
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Alaska Pacific Bank Small Business Sitka
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Business Loan from Alaska Pacific Bank Given to Nonscheduled Chartered Passenger Air Transportation CompanyAlaska Pacific Bank has a track record as a leading provider of SBA loans. Find out how this Alaska entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sitka, Alaska was able to borrow $37,500 from Alaska Pacific Bank. The SBA made the loan possible by guaranteeing $31,875 of this Alaska small business loan. SBA Loan Borrower COMPANY TYPE: NONSCHEDULED CHARTERED PASSENGER AIR TRANSPORTATION SBA Loan Lender ALASKA PACIFIC BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 481211 - Nonscheduled Chartered Passenger Air Transportation Loan Approval Date 7/26/2002 Loan Approval Gross Amount $37,500 Loan Approval from the SBA Of the total $37,500 loan amount, the SBA guaranteed $31,875. 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 9 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Raising VC Money for Social Networking Companies
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