Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Skagway, Alaska Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Skagway, Alaska small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Skagway, Alaska, we've put together a list of local small business banks that you should contact.

Local Skagway Banks

To help you learn more about local small business lenders, here's our list of small business banks in Skagway.

Small Business Bank Recent SBA Loans
Wells Fargo Bank NA  

Banks that Lend to Skagway Businesses

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

Small Business Bank Recent SBA Loans
Alaska Growth Cap. Bidco Inc.
Anchorage, AK
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1

Skagway Bank Loan Tips

Before meeting with banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 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 dedicated to aiding small business owners, and we have a lot of resources related to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.

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