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July 22, 2024  
 
 
  Business Loan Information  
 

Anchorage SBA Loan from Saehan Bank

 

 
Loan Census SBA Loan Info

Saehan Bank SBA Loan to Beer, Wine, And Liquor Stores Company

Saehan Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Alaska entrepreneur was able to get a loan to take a small business to the next level.

This growing company knew how to go about getting a business bank loan. Based in Anchorage, Alaska, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Saehan Bank, based in Los Angeles, California.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
ANCHORAGE, AK 99507

SBA Loan Lender

SAEHAN BANK
3580 WILSHIRE BLVD, STE 120
LOS ANGELES, CA 90010

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

1/16/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 6 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.

Next Steps for Getting an SBA Loan

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

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Saehan Bank 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:

Understanding Dilution

Small Bank Loans in Los Angeles, California

SBA Participating Banks in California