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April 18, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Juneau, Business Loans > Alaska Pacific Bank Juneau Business Loans > Specialized Local Freight Trucking Loan | ||||
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Alaska Pacific Bank Small Business Loan
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Specialized Local Freight Trucking LoansLooking for loans for specialized local freight trucking? Talk to a banker who works with the SBA. This $92,200 specialized local freight trucking loan was issued by an Alaska bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sitka, Alaska was able to borrow $92,200 from Alaska Pacific Bank. The SBA made the loan possible by guaranteeing $78,370 of this Alaska small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender ALASKA PACIFIC BANK This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 2/13/2008 Loan Approval Gross Amount $92,200 Loan Approval from the SBA Of the total $92,200 loan amount, the SBA guaranteed $78,370. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alaska Pacific Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alaska Pacific Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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:
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