Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Coffman Cove, Alaska

 
Loan Census SBA Loan Info

I need a loan for my business in Coffman Cove, Alaska! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Coffman Cove, Alaska, we've put together a list of local small business banks that you should contact.

Banks that Lend to Coffman Cove Businesses

This is a list of banks outside of Coffman Cove, Alaska that have provided SBA loans to Coffman Cove businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Coffman Cove Businesses

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

More Business Lender Lists for Alaska Cities
Get a Business Loan in Bethel
Get a Business Loan in Fairbanks

Browse All Business Loan Sources for Alaska