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

Alaska SBDC: 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 Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) both ran out of funding and … Continue reading "Alaska SBDC: Update from the Executive Director" More

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 yet completed your application, it appears you will be starting fresh with the new submission process. Below is a synopsis … Continue reading "Alaska SBDC COVID-19 Update on SBA EIDL Process" More

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 inglés). A fecha de hoy, los dueños de empresas dentro de Alaska ya pueden enviar sus solicitudes para el Préstamo … Continue reading "El Préstamo para Desastres por Danos Economicos está ahora disponible en Alaska" More

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 Economic Injury Disaster Loan application is now open to business owners in Alaska.  Information and online application are available here: … Continue reading "Alaska SBDC COVID-19 Update: Economic Injury Disaster Loan is Open for Alaska" More

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 announced soon. If you expect to apply for the Economic Injury Disaster Loan (EIDL) from the SBA, getting a head … Continue reading "Alaska SBDC COVID-19 Update: Preparing for the SBA Economic Injury Disaster Loan (EIDL)" More