Alaska Small Business Development Center
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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...
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...
Nearly $30 Billion in PPP, EIDL Funds Approved for Pacific Northwest Small Businesses, Nonprofits
...on for small businesses and nonprofits impacted by the Coronavirus pandemic. In just three months, the SBA approved and disbursed nearly twice as many EIDL loans for COVID-19 than it has for all other disasters in the combined 67-year history of the agency. EIDL and EIDL Advance Data as ...
Lenders Approved for SSBCI Loan Guarantee Program
...a difficult time securing it and will provide much-needed financial support for small businesses across the state. The SSBCI Loan Guarantee program will offer loan guarantees to lenders who make loans to small businesses, making it easier for small businesses to access the capital they need to surviv...
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...
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 ...
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...
Empowering Small Businesses: Alaska SBDC’s Guide to Robust Web Integration
...safeguard their reputation. Protect Yourself from Online Scams – No-cost Basics of Cybersecurity Phishing Training – No-cost Secure Technology Strategy for Small Businesses Enhancing Online Distribution and Delivery Services The Alaska SBDC understands the importance of efficient online distribution...
The SBA Funds 16,000 Restaurant Revitalization Fund Awards
...application process, and by partnering with point-of-sale (POS) vendors to provide seamless ways to apply to the Restaurant Revitalization Fund. Following the 21-day priority period, all eligible applications will be funded in the order in which they have been received. While the SBA will continue a...
Alaska SBDC COVID-19 Update: Upcoming SBA Disaster Relief Loans
...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 The Alaska SBDC can assist you with preparing for the loan application, your financials, profit and loss documents, cash flow modeling s...
Choosing a NAICS Code for Your Small Business
...license. How do I find my LOB/LOW? Go to https://www.census.gov/eos/www/naics/. This link will direct you to the US Census Bureau’s NAICS search engine. Enter the type of business you are doing and choose from the list that comes up. You will want to look through the list of NAICS ...
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 ...
Alaska SBDC COVID-19 Update: Preparing for the SBA Economic Injury Disaster Loan (EIDL)
...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 confusion: SBA Form 5: When you begin the a...
BuyAlaska is Back!
...tate. It has never been more important to support buy-local efforts and to make it easy for Alaskans to find and purchase from local vendors. The BuyAlaska webpage at BuyAlaska.com seeks to provide access to statewide small businesses and to educate consumers about the direct benefits of keeping our...
Wrangell Cooperative Association & FEMA Announce FEMA Assistance Now Available for Landslide Survivors
...earing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. In addition to Individual Assistance, the Wrangell Cooperative Association has also been approved for Public Assistance which will reimburse the tribal government, on a cost-share basis, for emergency...
SBA Achieves Historic Small Business Lending for Fiscal Year 2020 with More Than $1.4 Billion in SBA Alaska District
...o promote economic development in the form of long-term fixed-rate financing for fixed assets on reasonable terms up to $5.5 million – had another year of increased performance growing 17.5% from the previous fiscal year. The Microloan Program – which specifically helps businesses in underserved comm...
PPP Reopens April 27th
...submitted will continue to be processed on a first-come, first-served basis. All eligible borrowers should work with an approved lender to apply,. Visit https://www.sba.gov/paycheckprotection/find if you need to connect with a participating lender. If your organization has not already applied, now is...