The Division of Economic Development, Department of Commerce, Community, and Economic Development complies with Title II of the Americans with Disabilities Act of 1990. This publication is available in alternative communication formats upon request. Please contact the Division of Economic Development at (907)465-2510 or TDD (907)465-5437 to make any necessary arrangements.
Loan Programs
The Financing Section administers several state loan programs, including:
- Alternative Energy Conservation Loan Fund
- Loans may be made to purchase, construct and install alternative energy systems or energy conservation improvements in commercial buildings.
- Capstone Avionics
- Loans made to purchase and install eligible Capstone avionics equipment in aircraft that are substantially operated in Alaska.
- Commercial Charter Fisheries
- Provide affordable loans to Alaskan commercial charter operators to promote Alaskan ownership of charter halibut permits.
- Community Quota Entity (CQE)
- Provide long-term, low interest loans to Community Quota Entities for the purchase of halibut and sable fish quota shares through the National Marine Fisheries Service program, and then lease the quota back to local resident fishermen.
- Commercial Fishing
- Long-term, low interest loans to promote the development of predominantly resident fisheries, and continued maintenance of commercial fishing vessels and gear for the purpose of improving the quality of Alaska seafood products.
- Fisheries Enhancement
- Loans for planning, permitting, construction, and operation of fish hatchery facilities.
- Mariculture
- Loans may be made for the planning, construction, and operation of a mariculture business.
- Microloan
- Loans may be made to promote economic development in Alaska by helping small businesses access needed capital.
- Rural Development Initiative Fund
- Provide private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment.
- Small Business Economic Development
- Provide private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment.
