If you are hoping to get a small business loan and your business is based in Gustavus, Alaska, we've assembled a list of local small business banks that you should contact.
SBA Lenders for Gustavus Businesses
This is a list of banks outside of Gustavus, Alaska that have provided SBA loans to Gustavus businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Gustavus Businesses
Prior to reaching out to lenders for a 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, define how the money will be used, and show how you intend to to pay the loan back to the lender.
Having a business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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
Gaebler.com is a site that is all about supporting entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read Business Credit Evaluation.
Business Loan Sources for Other Cities in Alaska
Get a Business Loan in Fairbanks
Get a Business Loan in Juneau
Browse All Business Loan Sources for Alaska