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April 24, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Juneau, Business Loans > Alaska Pacific Bank Juneau Business Loans > Fresh And Frozen Seafood Processing Loan | ||||
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Alaska Bank SBA Loans
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Juneau, Alaska Lender Lends Money to Fresh And Frozen Seafood Processing CompanyWant to talk with a Juneau, Alaska bank about a small business loan? Here's one Alaska business loan, issued by a Juneau bank, that was approved by the SBA. Applying for an SBA loan with Alaska Pacific Bank worked out well for our friends at one local firm in Sitka, Alaska. They received an SBA loan for $85,000. Nice! SBA Loan Borrower COMPANY TYPE: FRESH AND FROZEN SEAFOOD PROCESSING SBA Loan Lender ALASKA PACIFIC BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311712 - Fresh and Frozen Seafood Processing Loan Approval Date 6/13/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 3 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $85,000 loan. Remember, things become real when you believe you can achieve them! 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: How Much Venture Capital Is There? Where to Get an SBA Loan in Juneau, Alaska
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