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The Department of Commerce, Community, and Economic Development offices in the Atwood Building and the Juneau State Office Building are closed to walk-in traffic at this time. We are still open for business and encourage you to contact us via phone or email.

We are Open for Business and have assembled information about tools to help Alaskan Businesses deal with the effects of the COVID-19 Pandemic. The DCCED has working capital loans available now. We will be updating this page frequently as new tools become available at the State or Federal level.

COVID-19 Economic Recovery Resource Portal for Business

Latest News

SBA Guide to CARES Act

The Small Business Administration has prepared a Guide for Small Business Owners to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The guide provides information on SBA programs including the Paycheck Protection Program, the Small Business Debt Relief Program, Economic Injury Disaster Loans, and Emergency Economic Injury Grants.

Alaska Critical Workforce Infrastructure Governor's Health Mandate 10 SBA Implements Automatic Deferment on Existing SBA Disaster Loans through the End of 2020

Sample Travel Protocol Templates

Division of Economic Development-Investments

The Division of Economic Development-Investments (DED-Investments) administers and services ten revolving loan funds for the Department of Commerce, Community, & Economic Development (DCCED). Three of these loan funds are specifically designed to work with small and micro businesses, and permit loans to be made for operating capital. More information on these loan funds can be found at:

If you are interested in all of the active loan funds currently being administered by DED-Investments, please visit our website at: DED-Investments Loan Funds

SBA COVID19 Disaster Loan Program Open for Applications

SBA - U.S. Small Business Administration The Small Business Administration (SBA) is offering Small Businesses impacted by Coronavirus (COVID-19) up to $2 million in Economic Injury Disaster Loan Assistance (EIDL). Small businesses in Alaska are now eligible to apply for low interest U.S. Small Business Administration (SBA) Economic Injury Disaster Loans.

Under the EIDL program the SBA makes loans available to small businesses and private non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

Applicants may apply online, receive additional disaster assistance information and download applications. Applicants may also call SBA's Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The SBA Announces Express Bridge Loans

The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

Additional Information on SBA's regular loan programs

  1. Lender Match is an SBA site to introduce applicants with SBA lending partners utilizing our regular loan products.
  2. The "Special Edition" attachment highlights webinars our SBDC is offering to help with recovery and build resiliency, along with a guide and other valuable information.
  3. Of course, our Anchorage SBA website has a wealth of information, including our office directory and training opportunities. The Resource Guide is published for SBA and contains numerous contacts for resources, including state agencies, that maybe helpful as we learn more about the concessions being offered to small businesses.

Other SBA Forms

Alaska Small Business Development Centers

aksbdc.org
Alaska SBDC Business Advising
Statewide Executive Director Jon Bittner

Anchorage SBDC

(907) 786-7201 or (800) 478-7232
Fax (907) 786-5446
Center Director & Business Advisor Allan Carraway

Fairbanks SBDC

(907) 456-7062/7803 or (800) 478-7232
Center Director Russell Talvi

Kenai Peninsula Region SBDC

(907) 260-5629
Center Director Cliff Cochran

Juneau SBDC

(907) 463-3789 or (800) 478-7232
Center Director Jennifer Adams

Mat-Su SBDC

(907) 373-7232 or (800) 478-7232
Associate State Director Julie Nolen

Technology Research and Development Center

(907) 786-7201
Alex Salov

Veterans Business Outreach Center

Veteran entrepreneurs or small business owners can receive business training, counseling and mentoring, and referrals to other SBA Resource Partners at a Veterans Business Outreach Center. This is also the place to receive procurement guidance, which can help your business better compete for government contracts.

Business Impact NW

businessimpactnw.org/services/vboc
(206) 324-4330
1437 S. Jackson St.
Seattle, WA
Program Director Domonique Juleon, domoniquej@businessimpactnw.org

Other Useful Links

Please email AlaskaDevelopment@alaska.gov if you have a recommendation on links to relevant state and/or federal business recovery program information.