Alaska Small Business Development Center

Tag: COVID-19

PPP and EIDL Reports for Alaska

The U.S. Small Business Administration (SBA) has provided updated reports for both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). As of June 6th, Alaska has seen 10,265 approved PPP loans for $1,213,169,665. Additionally,

Paycheck Protection Program (PPP) Report – June 8

The Small Business Administration (SBA) released an updated Paycheck Protection Program (PPP) Report detailing total data from both rounds of funding through June 6. Alaska has seen 10,265 PPP loans for a total of $1,213,169,665.

Kenai Kombucha Brews Up Local Flavor

Kenai Kombucha owners Devon and Brian Gonzalez have been busy the past year serving up fresh, healthy, and locally brewed kombucha blended from organic sugar and loose leaf teas in their new taproom. When COVID-19

H.R. 7010 Adds Flexibility to the PPP

President Trump has signed H.R. 7010, the Paycheck Protection Program Flexibility Act (PPPFA), to make changes to the Paycheck Protection Program (PPP), which was cleared by the House and unanimously passed by the U.S. Senate.

State of Alaska Announces the AK CARES Grant Program

The purpose of the AK CARES Funding Program is to provide emergency relief grants to small businesses that were unable to receive support from the SBA Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL),

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

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

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

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

May 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

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

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

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

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

PPP Reopens April 27th

Approved local PPP lenders will resume accepting PPP loans on Monday, April 27th. Loan applications already submitted will continue to be processed on a first-come, first-served basis. All eligible borrowers should work with an approved

April Update from the Executive Director

The last few days have been a rollercoaster ride of good and bad news coming from Federal, state, and local levels. Top of mind for most businesses is the announcement on April 15th that the

Alaska SBDC COVID-19 Update on SBA EIDL Process

The Small Business Administration (SBA) has made significant improvements to the Economic Disaster Relief Loan (EIDL) application website and submission process. Here is the new starting page for the SBA EIDL If you have not

El Préstamo para Desastres por Danos Economicos está ahora disponible en Alaska

El Gobernador Dunleavy ha anunciado que la declaración por parte del Gobierno Federal de Alaska como Estado afectado por el desastre económico ha sido aprobada por la Administración para el Pequeño Negocio (Siglas SBA en

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

*Updated EIDL application process can be found here* Economic Injury Disaster Loan is Open for Alaska Alaska’s federal disaster declaration submitted by Governor Dunleavy has been approved by the Small Business Administration (SBA). The SBA

Alaska SBDC COVID-19 Update: Preparing for the SBA Economic Injury Disaster Loan (EIDL)

*Updated EIDL application process can be found here* Though disaster funds have not been made available to Alaska yet (as of March 20), Governor Dunleavy has submitted the request and we expect they will be