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

Ketchikan, Alaska Bank Loan

 

 
Loan Census SBA Loan Info

Borrowing Money for Nonscheduled Chartered Freight Air Transportation

With these loans for nonscheduled chartered freight air transportation, the SBA guarantees the lender that the loan will be repaid. This nonscheduled chartered freight air transportation loan for $150,000 was given to an Alaska entrepreneur in 2003.

Getting a small business loan in Ketchikan, Alaska was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Alaska Pacific Bank, operating out of Ketchikan, Alaska. Here are the details on this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED CHARTERED FREIGHT AIR TRANSPORTATION
KETCHIKAN, AK 99901

SBA Loan Lender

ALASKA PACIFIC BANK
410 MISSION ST
KETCHIKAN, AK 99901

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

481212 - Nonscheduled Chartered Freight Air Transportation

Loan Approval Date

5/20/2003

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

A Company That Helps Entrepreneurs

SBA Approved Banks in Ketchikan, Alaska

Getting an SBA Loan in Alaska