Petroleum and Petroleum Products Merchant Wholesalers Bank Loans

With these bank loans for petroleum and petroleum products merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This petroleum and petroleum products merchant wholesalers loan for $2,000,000 was given to an Alaska entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nenana, Alaska was able to borrow $2,000,000 from Alaska Growth Cap. Bidco Inc.. The SBA made the loan possible by guaranteeing $1,500,000 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS MERCHANT WHOLESALERS
NENANA, AK 99760

SBA Loan Lender

ALASKA GROWTH CAP. BIDCO INC.
3900 C STREET, SUITE 302
ANCHORAGE, AK 99503

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424720 - Petroleum and Petroleum Products Merchant Wholesalers

Loan Approval Date

12/19/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 documents indicated that the loan would help retain 7 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - Friends and Family

SBA Participating Banks in Anchorage, Alaska

Alaska SBA Banks