Kotzebue, Alaska Business Gets SBA-Guaranteed Funding from Alaska Growth Cap. Bidco Inc.

Alaska Growth Cap. Bidco Inc. has a track record as a leading provider of SBA loans. Find out how this Alaska entrepreneur received an SBA loan from them.

Getting a small business loan in Kotzebue, Alaska was an essential business goal for this firm back in 2005 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: EATING PLACES
KOTZEBUE, AK 99752

SBA Loan Lender

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

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/22/2005

Loan Approval Gross Amount

$520,000

Loan Approval from the SBA

Of the total $520,000 loan amount, the SBA guaranteed $390,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Alaska Growth Cap. Bidco Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

SBA 7A Banks for Anchorage, Alaska Loans

Find an SBA Lender in Alaska