Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

SBA Lenders in Alaska

 

 
Loan Census SBA Loan Info

Raising Money for Bed-and-Breakfast Inns

Looking for business loans for bed-and-breakfast inns? The SBA may be the answer. This $465,000 bed-and-breakfast inns loan was issued by an Alaska bank.

Getting a small business loan in Trapper Creek, Alaska was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Alaska Growth Cap. Bidco Inc., operating out of Anchorage, Alaska. Here are the details on this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
TRAPPER CREEK, AK 99683

SBA Loan Lender

ALASKA GROWTH CAP. BIDCO INC.
3900 C STREET, SUITE 302
ANCHORAGE, AK 99503

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

10/23/2006

Loan Approval Gross Amount

$465,000

Loan Approval from the SBA

Of the total $465,000 loan amount, the SBA guaranteed $348,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Trapper Creek 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:

Accountant's Role in Securing Financing

Small Bank Loans in Anchorage, Alaska

SBA Lenders in Alaska