First National Bank.

• Position: Business Profile - Company Profile

When you're looking for a loan in the fast-changing Alaska economy, it's important to find a bank with flexible terms and available funds.

That's what First National Bank offers.

First National's 1993 loans have increased 30 percent over the same period last year. In addition, you can choose from a wider variety of loan packages and you'll find terms are more adaptable than ever before.

"If you have good credit and a good loan request, we will try to do whatever is possible to help you obtain that loan," says Dick Enberg, senior vice president.

You'll discover First National's flexibility when you walk into any of its offices to talk about a loan program. The majority of the bank managers are lending officers, able to understand the needs of customers.

Tracy Logan, manager of First National's Dimond branch in Anchorage, says, "Customers really like the fact that when they sit down and give me their paperwork, they know that the person who is making the loan is the person they're talking to."

One source of First National's flexibility is the strength of its Alaska roots. Founded in Anchorage in 1922, First National consistently earns top credit ratings as one of the most credit-worthy banks in the nation.

"As an Alaska-owned bank," says Enberg, "we're personally committed to the success of this state."

Here's an in-depth look at the loan packages you'll find at First National:

Fast 15-Year Real Estate Loans

You can use this versatile loan program for any kind of real estate, from purchasing a high-rise office building to renovating a comfortable historic home.

These 15-year loans prove popular with Alaskans because of the terms provided by First National. These loans are bank-held, which speeds up turn-around time on processing the loan. Interest rates can be fixed or variable. Once the appraisal is received, the loan can be approved in a matter of days. For loans under $100,000, the bank appraises the property, saving you time and money. Any modifications or extensions to the original loan need only approval from First National.

Over the years, First National has used this program to help thousands of clients in the volatile Alaska real estate market. "We have financed an incredibly large number of housing...