Kwethluk, Inc. Builds a New Home for Sports and Supply Store
Native American Bank July 2015
Kwethluk, Inc., an Alaska Native village corporation, approached Native American Bank for a commercial loan to construct a new commercial building to house its existing stores, Kwethluk Sports Store and Kuiggluuum Kallugvia. Both retail stores have been in operation for more than 35 years; the first offers a variety of camping and fishing supplies, sporting goods, guns, ammunition, and snow machine and engine parts. The latter is a supplier of electrical services to the community, selling gasoline, stove oil, and other petroleum products.
The new building has increased the retail space for these two enterprises from 2,000 square feet to 4,800 square feet, and has allowed Kwethluk, Inc. to expand its product and service offerings to the community to include grocery items and some maintenance services. Native American Bank is pleased to have been involved in providing these vital retail offerings in this remote Alaskan community.