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Alaska Micro-Loan Program

Alaska Division of Economic Development (ADEC)AK-MICRORefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$35K

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Microloans of $5,000–$35,000 for small Alaska businesses and entrepreneurs unable to access conventional bank financing. Administered through Alaska SBDC partners, loans support startup costs, equipment, inventory, and working capital for very small businesses and sole proprietors.

Key Requirements & Eligibility

  • 1Alaska-based small business or startup
  • 2Loan: $5,000–$35,000 at below-market rates
  • 3Must demonstrate viable business plan and repayment ability
  • 4Technical assistance required during loan period
  • 5Priority for rural Alaska businesses and minority-owned enterprises

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Alaska-based small business or startup

2.Loan: $5,000–$35,000 at below-market rates

3.Must demonstrate viable business plan and repayment ability

4.Technical assistance required during loan period

5.Priority for rural Alaska businesses and minority-owned enterprises

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