SBA Loans

Get the funding you need

Alaska USA has partnered with the SBA to provide flexible loan options for businesses

Financing to help your business grow

Whether you’re starting a new business or expanding an existing business, an SBA loan could meet your needs.

  • Competitive, affordable rates and low fees
  • Can be used for most business purposes, including long-term fixed assets and operating capital
  • Great for borrowers who don’t have a lot of working capital or enough collateral to qualify for a conventional business loan
  • SBA loan programs available include 7(a) loans 504 loans, and SBA Express loans
woman smiling in her office space

Which SBA loan is right for your business?

A Commercial Loan Officer can work with you to determine which SBA loan program works best for your business, based on factors like:

  • The type and size of business you own or want to purchase
  • How you plan to use the money
  • How much working capital you have available
  • The amount you want to borrow and the repayment terms you’re looking for
  • Whether you want to use any collateral for the loan

Business Loan calculator

How it works

1

Qualify for Membership

Call us at 800-525-9094 to see if you qualify for membership.

Get in Touch

2

Submit Your Application

Once you collect your required documentation and complete your application, you can submit it in person or by email. Call us at 877-646-6670 if you need assistance.

Get Started

3

Get a Decision

After you’re approved, you can set up automatic payments from checking or savings.

SBA Loan FAQs

Each SBA loan program has different eligibility criteria, but your Commercial Loan Officer can help you determine whether you might qualify.

In general, here are some of the things that affect your eligibility:

  • Whether you can get funding from another source, such as a conventional or alternative business loan
  • Your business experience, professional qualifications, and personal credit
  • The amount of money you’re investing in the business, independent of the SBA loan
  • How likely it is that you’ll be able to repay the loan from your business earnings and cash flow

That depends on which SBA loan program you apply for, since different programs have different requirements. But in general, you’ll need to provide the following types of information and documentation:

  • Information about your professional background and qualifications
  • A business plan
  • Credit reports for yourself and your business
  • Legal documents related to your business, such as articles of incorporation, contracts, leases, and franchise agreements
  • Financial and tax documents for yourself and your business

Your Commercial Loan Officer can give you a checklist of everything you need to provide.

The SBA requires that financial institutions use the same collateral requirements on an SBA loan as they would for a conventional business loan that is not backed by the SBA.

SBA backing provides financial institutions with extra security, but it cannot be used as collateral.

No, you don’t have to be a member to apply, but you do need to apply and qualify to become a member to accept the loan. But don’t worry—it’s quick and easy to join Alaska USA.

Rates are based off US Treasury Securities or Wall Street Prime Journal, plus points.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers this credit union’s compliance with the law is: National Credit Union Association, Office of Consumer Protection, 1775 Duke St., Alexandria, VA 22314.