Vitus Marine, Greatland Fuel Sales, and Vitus Terminals Secure Combined $37M in USDA Funding to Expand Fuel Infrastructure and Strengthen Rural Alaskan Communities
Summary
The Vitus family of companies runs bulk fuel, freight lighterage and energy products to consumers in remote Alaskan communities and provides vital heat, electricity and logistics support to its customers.These partnerships represent the impact we strive to achieveempowering rural businesses to grow and continuing to serve communities with critical services, said Chris Hurn, President/CEO of Phoenix Lender Services. Vitus Marine, Greatland Fuel Sales, and Vitus Terminals are vital to Alaskas energy infrastructure, and were proud to support them through the USDA B&I Program.These loans offer favorable terms with lower interest rates and longer repayment terms, reducing financial burdens and demonstrating a commitment to the sustainability and growth of rural businesses. This collaboration ensures that our customers can continue to depend on us, no matter how remote their community or harsh the delivery season.For more information on Phoenix and its lending solutions, visit .Based in Georgia and serving clients nationwide, Phoenix Lender Services offers a comprehensive suite of commercial lending solutions, including loan underwriting, closing, and servicing; participant lender matching; secondary market sales; portfolio management; risk analysis; and compliance reviews and regulatory support. Seasoned professionals at Phoenix combine extensive industry expertise in SBA, USDA, and commercial government-guaranteed lending with industry-leading technologies to deliver tailored solutions that align with each clients unique strategic goals. Headquartered in LaGrange, GA, CB&T is committed to leveraging its rural roots to empower both local consumers and commercial entities, as well as underserved groups and communities with a broad slate of accessible, personalized banking solutions, while also reaching a diverse and growing nationwide audience.