Mandala Restaurant brings Savory Goodness to Anchorage

After months of careful planning assisted by the Alaska Small Business Development Center, Sanjay Shrestha prepared to open Mandala Restaurant in Anchorage in March 2020. When the pandemic hit, his plans to open stalled amidst the statewide closure of dining establishments. Read the full web story in partnership with Edible Alaska here! More

SBA and Treasury Release PPP Loan Forgiveness Application

The U.S. Small Business Administration (SBA), in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act … Continue reading "SBA and Treasury Release PPP Loan Forgiveness Application" More

Applications Open for the Municipality of Anchorage’s Small Business Grant Pilot Program

ANCHORAGE — The Municipality of Anchorage dedicated $1 million for grants to small businesses and nonprofits impacted by COVID-19. Too many small businesses and nonprofits are bearing the cost of responding to the public health crisis, and this fund will provide some support as Anchorage moves through these incredibly challenging times.  The Municipality is partnering with Cook … Continue reading "Applications Open for the Municipality of Anchorage’s Small Business Grant Pilot Program" More

Paycheck Protection Program (PPP) Report – May 8

The U.S. Small Business Administration (SBA) released an updated Paycheck Protection Program (PPP) Report detailing data from the second round of PPP funding through May 8. Round 1 of the PPPP saw 4,842 Alaskan businesses receive $922 million. As of May 8 in Round 2, 4,750 businesses have received $368 million. Total, 9,592 AK businesses have received … Continue reading "Paycheck Protection Program (PPP) Report – May 8" More

Alaska SBDC: Update from the Executive Director

As we enter into the eighth week of the statewide hunker down order, we’re starting to see some light at the end of the tunnel. State and local officials have begun to ease up on the restrictions allowing businesses to operate, at least on a limited basis. Alaskan businesses have also started to see Paycheck … Continue reading "Alaska SBDC: Update from the Executive Director" More

Commerce Secretary Announces Allocation of $300 Million in CARES Act Funding

From our friends at the United Fishermen of Alaska 5/7/20. Alaska is allocated for $50,000,000. Interstate marine fisheries commissions, Puerto Rico, and U.S. Virgin Islands will disburse funds to address coronavirus-related losses. Today, the Secretary of Commerce announced the allocation of $300 million in fisheries assistance funding provided by Sec. 12005 of the Coronavirus Aid, … Continue reading "Commerce Secretary Announces Allocation of $300 Million in CARES Act Funding" More

EIDL Open for Agricultural Businesses

The SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. The SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application. At … Continue reading "EIDL Open for Agricultural Businesses" More

EIDL and PPP Processing Information from the SBA

Looking for information on your EIDL and/or PPP loan? Look no further, here is an in-depth update from the Small Business Administration (SBA): Information regarding the Paycheck Protection Program (PPP) As local financial institutions are delivering the Paycheck Protection Program (PPP) directly, they are the source for information regarding individual PPP applications in terms of … Continue reading "EIDL and PPP Processing Information from the SBA" More

EIDL Application Processing Resumes

With additional funding provided by the new COVID-19 relief package, the Small Business Administration (SBA) will resume processing Economic Injury Disaster Loans (EIDL) and Emergency Advance applications that are already in the queue on a first-come, first-served basis. Stay tuned – the SBA will provide further information on the availability of the EIDL application portal … Continue reading "EIDL Application Processing Resumes" More