Financing Section

Loan Programs

The Financing Section administers several state loan programs, including:

Alternative Energy Conservation

Loans may be made for purchase, construction, and installation of alternative energy systems or energy conservation improvement in commercial buildings.

Alaska 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.

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.

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.

Fisheries Enhancement

Loans for planning, permiting, construction, and operation of fish hatchery facilities.

Mariculture

Loans may be made for the planning, construction, and operation of a mariculture business.

Alaska 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.