Alaska Small Business Development Center
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Small Business FAQs
...ney to a business owner. They also make decisions based on credit score, good character and ability of the business to pay back the loan. For further assistance preparing a loan proposal, contact the Alaska SBDC. What documents will I need to apply for a loan? Typically, you will
Is your goal to buy or sell a business?
...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 the business plan, if available Be prepared to discuss monetary information Your advisor will need to know how much cash available you have to
BuyAlaska is Back!
...E RELEASE Contact: Katie Ashbaugh Date: October 1, 2020 Title: BuyAlaska Program Specialist Email: buyalaska@aksbdc.org Phone number: (907) 786-7201 Announcing the Relaunch of the Statewide BuyAlaska Program Anchorage, AK: The COVID-19 pandemic has caused a global economic recession unlike any in rec...
Are You Forgetting Something? End of Year Tips and To Dos
...our business owe in taxes based on your estimated net profit for the year. Most importantly, the business owner and CPA can use this year end estimate of net profit to do some tax planning and determine if it is beneficial for the business to purchase equipment or make
The Top 10 Financial Ratios for Business Owners
...ces benchmark is 55-60%, while logging is 10-15%. Net Profit Margin: This profitability ratio shows a firm’s ability to convert sales into earnings for the company. It determines a company’s overall profitability and performance, taking into account profit and overhead expenses. A net profit margin o...
Seward CARES Act Funds Relief Program
...The application period will be open from July 27, 2020 to August 17, 2020 at 5:00 p.m.. This information will also be distributed via the Kenai Peninsula Economic Development District (KPEDD), the Seward Chamber of Commerce, and the City of Seward. How Businesses Can Apply: Visit Alaska SBDC’s COVID...
Legal Aspects: Buying & Selling a Business
...re he or she knows what they’re getting when they buy the business. No buyer wants surprises. The process of investigating the business is called due diligence. The documents and information the seller provides to the buyer under a confidentiality agreement is part of this process. The buyer will
February Update from the Alaska SBDC Executive Director
...l start of the Iditarod on March 2nd! This month, BuyAlaska reminds us that Love is Local, and by buying Alaska-made products and services, we can significantly impact our economy and strengthen the fabric of our communities. Let’s show our love for local businesses this February and year round!
BlueWater BaseCamp, LLC
...ly closed a $1.8 million dollar new construction SBA business loan with KeyBank.” Throughout the process of developing the business, both Russ and Teal experienced significant health issues. “We had to redefine what outdoor adventuring looked like for us,” states Teal. “With that new lens on how to e...
This Holiday Season, BuyAlaska
...ivelihoods across the state. Learn more about the BuyAlaska program in our 20 minute webinar hosted by Katie Nave, BuyAlaska Program Director (no fee). Why Shopping Local Matters When you shop locally, 63% of your money stays in Alaska, compared to just 22% when you purchase from an external
May 2023 Update from the Alaska SBDC Executive Director
...taff’s expertise, facilitating funding, promoting buying local through our BuyAlaska program or driving new technology development through our TREND services, the Alaska SBDC remains committed to helping Alaska’s small businesses start, grow and thrive on the Last Frontier. I hope you will continue t...
Blaines Art in Anchorage Closing Black Friday
...raged to go out and buy local. Interested in joining Small Business Saturday? Take a selfie of yourself shopping small on November 28th and post it on any social media site using the hashtag #BuyAlaska. There will be a drawing to give away Buy Alaska swag and gift certificates
Kayak Adventures Worldwide, LLC
...their business has donated over $90,000 to Alaska-based environmental non-profits tackling big issues facing our state. Kayak Adventures focuses on place-based education and interpretation on their guided trips, so that guests leave feeling more than just a box checked on a bucket list, but with a ne...