Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Port Heiden, Alaska Business Loan

 
Loan Census SBA Loan Info

Small business loans in Port Heiden, Alaska are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Port Heiden, Alaska who are interested in getting debt financing.

SBA Lenders for Port Heiden Businesses

This is a list of banks outside of Port Heiden, Alaska that have provided SBA loans to Port Heiden businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Keybank National Association
Cleveland, OH
1

Port Heiden Business Loan Advice

Before reaching out to lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, 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 loan back to the lender.

Having a business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge your personal assets, such as the equity in your home. The banks will check on your personal credit history 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Alaska
Get a Business Loan in Kodiak
Get a Business Loan in Sitka

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