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April 26, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Anchorage, Business Loans > First National Bank Alaska Anchorage Business Loans > Book Stores Loan | ||||
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SBA Lender Anchorage, Alaska
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Anchorage, Alaska Bank Gives SBA Loan to Book Stores CompanyWant to talk with an Anchorage, Alaska bank about a small business loan? Here's one Alaska business loan, issued by an Anchorage bank, that was approved by the SBA. Applying for an SBA loan with First National Bank Alaska worked out well for our friends at one local firm in Anchorage, Alaska. They received an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender FIRST NATIONAL BANK ALASKA 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 451211 - Book Stores Loan Approval Date 4/9/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 40 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Realistic Debt Financing Options Small Bank Loans in Anchorage, Alaska
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