Business Loan Accounts

Capital Improvement Loans

Our commercial lenders lend more than just money; they can lend experience, ideas, and helpful alternatives. When it's time to upgrade your building, buy new fixtures, equipment, vehicles, or fund expansion projects, First Bank offers term loans with payment plans to fit your cash flow stream. First Bank also offers guaranteed loan programs through the Small Business Administration (SBA) and the Alaska Industrial Development and Export Authority (AIDEA). A First Bank commercial loan advisor can help you decide which loan structure and program best fit your needs.

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Commercial Real Estate and Construction Loans

Buying commercial real estate can be a complicated transaction. It takes a knowledgeable and skilled commercial loan advisor to help you through the purchase process, loan structure and documentation, environmental concerns, appraisals, and other items specifically related to commercial real estate. First Bank commercial loan advisors give you the personal, hands-on service you need during this critical time for your business. If new construction is also a part of your plan, First Bank provides construction lines of credit in addition to long term financing for commercial buildings.

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Commercial Fishing Loans

First Bank has been banking commercial fishers for over 80 years. It is an industry we know well; from Commercial fishing boat loans to loans for all types of fishing and processing gear. First Bank also offers financing for the purchase of Individual Fishing Quotas (IFQs). If you are a professional fisher, then come to the professionals that know commercial fishing. We can structure loans to fit the seasonal nature of the business and make sure you have the boat, gear, marine, and safety equipment you need to be as successful as possible this season.

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First Business Equity Line of Credit

The equity you hold in your business may provide you maximum convenience and minimum cost when it comes to securing a Line of Credit. All businesses go through cycles of cash flow needs. Be prepared to take advantage of purchasing opportunities, discounts, or have cash available to smooth out the rise and fall of Receivables. The middle of a busy season is no time to have to scramble for funds. A little planning and preparation now will pay off when you need cash to fund your demanding business. Make arrangements with one of our local commercial loan advisors to set up your First Business Equity loan today!

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First Business Line of Credit (unsecured)

A little planning now can take the headache out of quick cash needs in the future. A growing business needs the convenience of a credit line to take advantage of purchasing and discount opportunities. This line can also be used as overdraft protection for your commercial checking account so you reduce the worries of your daily cash flow needs. You can easily access the money in your credit line by transferring funds via PowerNET for Business online banking service, initiating a telephone transfer to your checking account, or writing a check up to your available credit limit. Ask a commercial loan advisor how you might benefit from a First Business line of credit.

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Inventory and Seasonal loans

A Seasonal loan or Credit line may be just what you need to make the most of your buying trips prior to your busy season. Whether you need to boost or expand your inventory or need seasonal working capital, choose a loan designed specifically for short term funding needs. This type of loan is usually paid down as inventory or services are sold during the season. If your business cycle demands seasonal funding, talk to a First Bank commercial loan advisor to design a seasonal loan structured to best meet the specific needs of your business.

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Working Capital Loans

Do more! Build more! Make more! A working capital loan is fuel for your business. Sometimes a temporary bulge in inventory, accounts receivable, or a new business contract may lead you to seek short-term working capital to meet your cash flow needs. Oftentimes, lucrative contract jobs carry a certain amount of start-up costs that may be holding you back from bidding on or attempting to take advantage of those opportunities. The professional commercial loan advisors at First Bank can help by matching repayment with the completion of a contracted job. Perhaps you've completed a large amount of work and are waiting for payment. A working capital loan can help you move on to new projects while your cash is tied up in receivables. First Bank helps you leverage your company's success and fuel your growth and profitability.

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