Alaska Small Business Development Center

Alaska Crab Crash: Affected Small Businesses May Be Eligible for Low-Interest Federal Loans

April 14, 2023

The U.S. Small Business Administration is offering special disaster loans to some businesses impacted by the recent red king crab and snow crab closures.

The SBA announced that eligible entities are small agricultural cooperatives, aquaculture businesses, as well as the majority of private nonprofit organizations. Depending on the type of organization, interest rates range from below 2% to about 3%.

  • Small businesses that were impacted by the crab crashes between Oct. of 2022 and May of this year are eligible to apply
  • Eligibility is based on the financial impact of the disaster, as opposed to actual property damage
  • The loans can be used to cover debts, payroll, and other bills that couldn’t be paid because of the recent crashes
  • The deadline to apply is Nov. 9, 2023
  • Applicants may apply online, receive additional disaster assistance information and download applications at

Learn more by reading the SBA’s press release.

And we can help with applications! Please visit the Alaska SBDC Client Portal to either sign up as a new client or connect with your Business Advisor to get started.

Recent News

Alaska SBDC Awarded SBA Business Champion Award for NSBW

TREND SBIR Phase 0 2024 Competition Opens July 9th

ANSEP Students Explore Entrepreneurship with Alaska SBDC!

Meet Up & Clean Up with Anchorage SBDC!

Small Business Owners from Alaska Honored by SBA Alaska District Office During National Small Business Week April 28 to May 4, 2024