If you are hoping to get a small business loan and your business is based in Copper Center, Alaska, we've put together a list of local small business banks that you should contact.
Lenders for Copper Center Businesses
This is a list of banks outside of Copper Center, Alaska that have provided SBA loans to Copper Center businesses. Some of these may be national banks with local branch locations.
|Small Business Bank
||Recent SBA Loans
Copper Center Bank Loan Tips
As a prerequisite to meeting with banks to get a bank loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.
Having a business plan is is critically important. If the 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 you cannot repay the loan.
If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 the banks in our list are SBA lenders. Prior to visiting local banks, you may want to read up on 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.
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