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Alaska Small Business Economic Development Loan Program is sponsored by Alaska Department of Commerce, Community, and Economic Development - Division of Investments. This loan program finances startup and expansion projects that create or retain private-sector employment in eligible Alaska areas. Loans can be used for working capital, equipment, and other commercial purposes.
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Small Business Economic Development (SBED) Small Business Economic Development (SBED) The goal of this program is to provide long-term private sector employment by financing business start-up and expansion for companies that are a small business as defined by the Small Business Administration. Applicants are required to match loan funds with cash or other private financing.
SBEDP loans must result in the creation of new jobs or the retention of existing jobs in eligible areas. The maximum loan amount is $300,000 for a maximum term of 20 years on fixed asset loans and five years for working capital loans; the loan amount may not exceed 90 percent of the collateral value. The interest rate is fixed.
For more information on the Small Business Economic Development Program, please visit this link State of Alaska, Department of Commerce, Community, and Economic Development, Loan Programs - Small Business Economic Development (SBED)
According to the current listing, eligibility includes: Small businesses that meet SBA size standards and operate in eligible Alaska communities. Confirm the full requirements in the official notice before applying.
The current listing shows up to $300,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Alaska Small Business Economic Development Loan Program is funded by Alaska Department of Commerce, Community, and Economic Development - Division of Investments. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Alaska. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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