More than $113 Million in PPP Loans Approved by SBA in Alaska

...serve underserved communities – including minority-, women- and veteran-owned small businesses – the SBA has provided dedicated access to community financial institutions (CFIs) that specialize in serving these communities. At least $15 billion is set aside for PPP lending by CFIs which include Commu... More

SBA Administrator Announces Closure of Restaurant Revitalization Fund (RRF) Program

...tely $18 billion in grant awards including : Women-Owned businesses ~ $7.5 billion Veteran-Owned businesses ~ $1 billion Social and economically disadvantaged-Owned businesses ~ $6.7 billion Businesses Owned by Representatives of Multiple Underserved Populations ~ $2.8 billion The remainder of the $2... More

Choosing A NAICS code

...n. First thing I recommend is to go here: https://www.census.gov/eos/www/naics/ . This link will direct you to the US Census Bureau’s NAICS search engine. Here you can simply enter what you are doing and choose from what comes up. You will want to look through the list of codes that come up, as some... More

Alaska SBDC COVID-19 Update: Economic Injury Disaster Loan is Open for Alaska

...and balance sheet for that tax year A current year-to-date profit-and-loss statement Additional Filing Requirements (SBA Form 1368) providing monthly sales figures We have been alerted of a few items in the application process that have been known to create some confusion: SBA Form 5 : When you begin... More

Is your goal to buy or sell a business?

...eller. This allows the seller to turn over to the buyers all financial documents in a confidential manner Obtain 3-5 years of financials from the seller This might include business tax returns and the ending balance sheet for each year, Profit & Loss Statement (P&L), Cash Flow Statement and a copy of... More

SBA Alaska District Recognizes Local Lenders as Part of Annual National Small Business Week

...iscal year. The SBA 504 Loan Program provides long-term, fixed-rate, subordinate mortgage financing for acquiring or renovating capital assets including land, buildings and equipment. First National Bank Alaska approved five SBA 504 loans totaling nearly $2.3 million during FY 2019. Community Develop... More