Areas Served: Statewide Alaska The Small Business Economic Development Loan which is provided through the Alaska Division of Commerce, Community & Economic Development is available to provide private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment. General Requirements – Companies must be a small business as defined
Read MoreAreas Served: Eligibility for the SBED program includes all communities in the state of Alaska with a population of less than 30,000. Loans in communities of 30,000 or more are available on a limited basis, depending on funds availability. The Small Business Economic Development Revolving Loan Fund was developed to provide private sector employment by
Read MoreAreas Served: Statewide Alaska The objective of the Agricultural Revolving Loan Fund (ARLF) is to promote the development of agriculture as an industry throughout the State of Alaska by means of moderate interest rate loans. Uses of Funds – SHORT TERM – loans to finance annual operating expenses such as seed, feed, fertlizer, harvesting or
Read MoreAreas Served: Southeast Alaska The Southeast Alaska Revolving Loan Fund bridges the financial gap between what banks will finance and what the business community needs. The goal is to provide financing for viable projects that will create and retain quality jobs and help to diversify local economies in Southeast Alaska. Fixed rate loans between $35,000
Read MoreAreas Served: Statewide Alaska Alaska Growth Capital provides financing for all business needs including construction lending, working capital facilities, equipment purchases and leasehold improvements. They also participate in the SBA and USDA loan guarantee programs. Loans range from $100,000 to $10,000,000 and normally have terms from 3 to 25 years. Interest rates depend on the
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