Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Alaska Bank SBA Loans

 

 
Loan Census SBA Loan Info

Alaska Pacific Bank SBA Loan to Air Transportation, Nonscheduled Company

Want an Alaska SBA loan? Here's one Alaska business loan that was approved by the SBA.

This small business needed an SBA business loan in Gustavus, Alaska back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Alaska Pacific Bank, operating out of Juneau, Alaska. Here are the details on this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: AIR TRANSPORTATION, NONSCHEDULED
GUSTAVUS, AK 99826

SBA Loan Lender

ALASKA PACIFIC BANK
2094 JORDAN AVE
JUNEAU, AK 99801

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4522 - Air Transportation, Nonscheduled

Loan Approval Date

1/5/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

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 application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Gustavus AK, you ought to talk with a local Gustavus SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gustavus businesses.

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:

Advice on Getting a Small Business Loan

Best Banks for Small Business in Juneau, Alaska

Getting a Business Loan in Alaska