Small Business Financing Anchorage AK

Looking for Small Business Financing in Anchorage? We have compiled a list of businesses and services around Anchorage that should help you with your search. We hope this page helps you find Small Business Financing in Anchorage.

Mr. Michael R. Hanrahan, CFP®
(907) 276-0457
PO Box 92843
Anchorage, AK
Firm
Hanrahan & Associates, LLC.
Areas of Specialization
Accounting, Business Succession Planning, Divorce Issues, Education Planning, General Financial Planning, Retirement Planning, Small Business Planning

Data Provided By:
Ms. Helen M. Sedlacek, CFP®
(907) 278-8878
3601 C Street
Anchorage, AK
Firm
Mikunda Cottrell & Co CPAs

Data Provided By:
Erin Hall Meade, CFP®
(907) 564-6603
3601 C Street, Penthouse
Anchorage, AK
Firm
Merrill Lynch

Data Provided By:
Mr. Wayne M. Pichon, CFP®
(907) 258-6565
3900 C St Ste 502
Anchorage, AK
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided By:
Mr. Michael J. Bruno, CFP®
(907) 261-3421
500 W 36th Ave Ste 100
Anchorage, AK
Firm
AlaskaUSA Financial Planning & Investment Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning

Data Provided By:
Mr. Charles M. Adams Jr., CFP®
(907) 261-5944
3000 A Street
Anchorage, AK
Firm
UBS Financial Services

Data Provided By:
Mr. Michael W. Shamburger, CFP®
(907) 646-7374
3601 Cst, Suite 600B
Anchorage, AK
Firm
Foundations Asset Management

Data Provided By:
Mr. Levi Burdette Robinson, CFP®
(907) 261-5957
3000 A St Ste 100
Anchorage, AK
Firm
UBS Financial Services, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. Ryan R. Callaway, CFP®
(907) 276-1911
1400 W. Bensen Blvd.
Anchorage, AK
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. Jason J Longlet, CFP®
(907) 263-5716
2550 Denali Street
Anchorage, AK
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Education Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



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Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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