Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Anchorage, Alaska SBA 7A Banks

 

 
Loan Census SBA Loan Info

Anchorage, Alaska Bank Gives SBA Loan to Data Processing Services Company

Want to talk with an Anchorage, Alaska bank about a 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 Alaska Growth Cap. Bidco Inc. worked out well for our friends at one local firm in Fairbanks, Alaska. They received an SBA loan for $660,000. Great job!

SBA Loan Borrower

COMPANY TYPE: DATA PROCESSING SERVICES
FAIRBANKS, AK 99701

SBA Loan Lender

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

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

514210 - Data Processing Services

Loan Approval Date

9/12/2006

Loan Approval Gross Amount

$660,000

Loan Approval from the SBA

Of the total $660,000 loan amount, the SBA guaranteed $495,000.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Banks in Anchorage, Alaska

Alaska SBA Bank Lenders