Alaska Small Business Development Center

Tag: SSBCI

Alaska SSBCI: 2023 Year in Review

At the Alaska Small Business Development Center (SBDC), we thank our lending partners for their commitment and exceptional efforts that made the Alaska State Small Business Credit Initiative (SSBCI) program an outstanding success in 2023.

SSBCI December 2023 Update

This month, the​ loan program provided $20,493,347 in funding to 31 businesses through 33 loans! Notably, the program expanded its support for Socially and Economically Disadvantaged Individual (SEDI) businesses by financing 27 ventures with a

SSBCI November 2023 Impact Update

As of November, the Alaska SSBCI soared to new heights, with a whopping $10.9M injected into the ambitions of 23 businesses, sparking positive impact across 18 communities with 17 Statewide Economic Development Initiative (SEDI) businesses

Alaska SSBCI October 2023 Impact Update

In just one month, loans guaranteed by Alaska’s State Small Business Credit Initiative (SSBCI) witnessed an extraordinary leap. From September to October, loan values soared from $8.5 million to an incredible $10.7 million, fueling the dreams

Alaska SSBCI September 2023 Impact Update

As of late, Alaska SSBCI has facilitated $8,512,901 in loans – benefiting 16 businesses and 13 communities across the state. Partnerships with leading banks and lending centers, including Northrim Bank, First National Bank Alaska, Cook Inlet

Alaska SSBCI August Update

With loan values totaling $7,376,300, Alaska SSBCI has helped Alaskan lenders fund 13 businesses, positively impacting 11 communities including Anchorage, Fairbanks, Kenai, Ketchikan, Kotzebue, Naknek, Palmer, Seward, Wasilla, White Mountain, and Yakutat. Successful partnerships with

Alaska SSBCI July 2023 Impact Update

Learn more about SSBCI (from U.S. Department of the Treasury), and our Alaska SSBCI efforts.

ACDA and UAA launch the Great Streets Facade Improvement Loan Program for business and property owners in Muldoon and Downtown Anchorage

The Alaska SBDC is excited to partner with the Anchorage Community Development Authority to provide new funding opportunities for Anchorage businesses through our State Small Business Credit Initiative (SSBCI) program. We feel that this partnership

June Update for the Alaska SSBCI

Despite summer getting off to a bit of a dull start, it’s sunshine and activity in SSBCI-land and there’s a lot of growth on the horizon. We’d like to warmly welcome Brian Fechter as the

May Update for Alaska SSBCI

The Alaska SBDC’s State SSBCI Capital program launched in March 2023 and has already helped close nearly $3 million in new loans with another $15 million in additional loans planning on participating in the program

First Lenders Take Advantage of SSBCI

We’re excited to share the latest progress from Alaska SSBCI! Our team has been hard at work securing financing for small businesses in Alaska, and we’re happy to report that we’ve been able to work

Lenders Approved for SSBCI Loan Guarantee Program

The University of Alaska Anchorage’s Small Business Development Center (SBDC) is happy to announce that as of March 13th, there are nine lenders approved to participate in the SSBCI Loan Guarantee Program. From large banks

University of Alaska Announces Launch of SSBCI Lending Programs

FOR IMMEDIATE RELEASE: February 15, 2023 University of Alaska Announces Launch of $49 million in new SSBCI Lending Programs The Alaska State Small Business Credit Initiative (Alaska SSBCI) Lending Programs have launched and are accepting

University of Alaska Announces Launch of SSBCI Equity Program

FOR IMMEDIATE RELEASE: January 13, 2023 University of Alaska Announces Launch of SSBCI Equity Program Alaska Equity Fund (AKEF) is seeking proposals to invest up to $10 million in State Small Business Credit Initiative (SSBCI)

Meet the Alaska SSBCI Team

The State Small Business Credit Initiative (SSBCI) is a federally-funded program intended to attract lenders & investors to help with funding businesses that can’t get conventional business loans from banks & lending institutions. The AK SBDC

Alaska Launches SSBCI – $59 Million Small Business Financing Program

FOR IMMEDIATE RELEASE: October 24, 2022 ALASKA LAUNCHES $59 MILLION SMALL BUSINESS FINANCING PROGRAM The State of Alaska, the University of Alaska, and the Alaska Small Business Development Center (Alaska SBDC) today announced the launch