Areas Served: Statewide Alaska The Rural Development Initiative Fund offered through the Alaska Division of Commerce, Community & Economic Development pProvides private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment. General Requirements – Loans may be made to a business located in a community with a population
Read MoreAreas Served: Statewide Alaska NSEDC originally established the revolving loan program to help residents purchase permits and gear for Norton Sound commercial fisheries. The revolving loan program makes loans to local people for purchasing large vessels, upgrading fishing boats and fishing related equipment, permit purchases, and buying salmon, herring, crab and halibut fishing gear. In
Read MoreAreas Served: Kenai, Alaska The Kenai Peninsula Economic Development District’s Revolving Loan Fund (RLF) provides alternative financing options to small businesses in Alaska. Financing is available to support the startup and expansion of businesses within the borough which create long-term employment and diversify the economy. The types of businesses targeted by the RLF include: –
Read MoreAreas Served: Statewide Alaska Banks and credit unions have partnered with AIDEA to offer loans for businesses located in the state of Alaska. The loans can be guaranteed or participated, and can be secured with accounts receivable, inventory, equipment, or real estate. The purpose of AIDEA is to promote the general prosperity and economic welfare
Read MoreAreas Served: Kenai Peninsula The KPEDD Microloan Fund is intended to provide financing for small businesses for which other types of financing might not be availalbe. This program is designed to identify the needs of applicants when traditional funding sources have been denied and help applicants become viable candidates for traditional commercial lending. the intent
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