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April 20, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Trapper Creek, Alaska

 
Loan Census SBA Loan Info

Looking for a Trapper Creek, 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 hoping to get a small business loan and your business is based in Trapper Creek, Alaska, we've assembled a list of local small business banks that you should contact.

Lenders for Trapper Creek Businesses

This is a list of banks outside of Trapper Creek, Alaska that have provided SBA loans to Trapper Creek 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
Keybank National Association
Cleveland, OH
1

Business Loan Advice for Trapper Creek Businesses

As a prerequisite to contacting lenders for a 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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