The State Small Business Credit Initiative (SSBCI) is a federally-funded program intended to attract lenders & investors to help with funding businesses that can’t get conventional business loans from banks & lending institutions.
The AK SBDC is the administrative lead on the program for Alaska, and will deploy the funding to lenders and investment funds.
The 49th State Angel Fund launched the 49SAF Co-investment Fund for Alaska businesses in response to the COVID-19 pandemic.
The 49SAF Co-investment Fund is a dollar-for-dollar fund: 49SAF will match new cash equity (or equity-like) investment into any Alaska company up to $25,000, near-automatically.
49SAF has dedicated efforts to create the Building Equity Co-investment Program to provide application support and technical assistance for businesses owned by Black, Indigenous, and People of Color (“BIPOC”) and anyone else who may request it