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April 19, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Anchorage, Business Loans > Wells Fargo Bank Anchorage Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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Banks Doing SBA Loans in Alaska
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Anchorage, Alaska Lender Lends Money to Sporting Goods Stores And Bicycle Shops CompanyWant to talk with an Anchorage, Alaska bank about a small business loan? Here's one Alaska business loan, issued by an Anchorage bank, that was approved by the SBA. Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local firm in Homer, Alaska. They got an SBA loan for $109,000. Nice! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender WELLS FARGO BANK At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 11/9/2000 Loan Approval Gross Amount $109,000 Loan Approval from the SBA Of the total $109,000 loan amount, the SBA guaranteed $81,750. 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 only one employee. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Participating Banks in Anchorage, Alaska
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