Steel Timber LLC
Steel Timber LLC, based in Wasilla, Alaska, operates in the All Other Specialty Trade Contractors industry (NAICS 238990). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,026,000, provided by First National Bank Alaska with an approval date of May 8, 2026, and reported 13 jobs.
SBA 7(a) loan, change of ownership, approved May 8, 2026
$2,026,000 approvedLender: First National Bank Alaska14 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,026,000
- SBA-guaranteed amount
- $1,519,500 (75% of the approval)
- Lender
- First National Bank Alaska, Anchorage, AK
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.94%, variable
- Term
- 14 years (168 months)
- Estimated maturity
- May 8, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $20,015 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Matanuska Susitna County, AK
- SBA district office
- Alaska District Office
- Congressional district
- AK-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Alaska: $1,671,114.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.