About Reliable Appliance
Anchorage, Alaska-based Reliable Appliance, founded in 1995 by Michael Rounds, offers appliance sales and parts and service for washers, dryers, refrigerators, ranges, cooktops, dishwashers, freezers, microwaves, hood vents, wall ovens, beverage coolers, and trash compactors. They also offer free recycling of any appliance. The company has two locations in Anchorage and Wasilla, with over 45 employees. Reliable Appliance conducts service calls throughout southcentral Alaska including Anchorage, Eagle River, Palmer, Wasilla, and Big Lake. In 2019, Michael sold the company to his son Logan Rounds, Kyle Mirka, and two other business partners.
AGC Services Provided
In 2019, Alaska Growth Capital provided Reliable Appliance an SBA loan to finance the sale of the business to its new owners.
“Alaska Growth Capital was there for us every step of the way. They went above and beyond what any other lender was willing to do and made the experience very easy. Their professionalism and knowledge throughout the entire loan process made for an exceptional client relationship.”
Logan Rounds – Co-Owner / Reliable Appliance
“We were referred to Alaska Growth Capital by another financial institution and were immediately impressed. Their facility, staff, and broad range of offerings is the best kept secret in Alaska. Initially I was intimidated by the SBA loan program, but [our loan officer] made the process manageable and obtainable. I can’t thank her enough for her help and guidance!”