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U.S. Small Business Administration Alaska District Office Names Community Lender of the Year for 2012

Release Date: 
Friday, December 21, 2012
Release Number: 
AK12-21-12
Contact: 
Nelida Irvine

Anchorage – The U.S. Small Business Administration Alaska District Office will present its 2012 lender awards at the Alaska Lenders’ Symposium held in Anchorage on Tuesday, February 5th, 2013.  Alaska Growth Capital BIDCO, Inc was selected as the Alaska SBA Community Lender of the Year for 2012.  This award recognizes Alaska Growth Capital’s commitment to providing financial assistance to businesses located in Alaska during the federal fiscal year.  Any type of financial institution, located anywhere in the United States, may be considered for this award.

“Alaska Growth Capital is honored to be the 2012 Alaska Community Lender of the Year.  We are blessed to have a dedicated staff committed to our clients, as well as the Arctic Slope Regional Corporation, our shareholder, as a huge supporter of small business in Alaska,” Said Hugh Short, CEO Alaska Growth Capital.

With 22 loan approvals during the fiscal year ending September 30, 2012, totaling $13,410,000 Alaska Growth Capital has made a significant impact on Alaska’s small businesses.

“Our focus at SBA is to help small businesses start, grow and succeed.  Access to capital is the life blood of small businesses especially in these difficult economic times,” said SBA Regional Administrator Calvin Goings. “SBA’s loan programs are excellent tools for small businesses.”

“Alaska Growth Capital and our other SBA lending partners play vital roles in financing new Alaskan small businesses, and facilitating the expansion of existing businesses,” said Karen Forsland, Alaska SBA District Director.  “We are proud to recognize AGC for their success in using SBA’s loan guaranty programs to provide our small business community with access to capital.”

For more information, please contact Scott Swingle in the U.S. Small Business Administration Alaska District Office, 907-474-4878.