Alaska Growth Capital
Administrative Agency:
Private For Profit: Alaska Growth Capital
Program Goals:
To provide a financing alternative to businesses that may have trouble gaining access to traditional bank financing.
Resource Provided:
Alaska Growth Capital provides financing for all business needs, including construction lending, working capital facilities, equipment purchases, and leasehold improvements. It also participates in the SBA and USDA loan guarantee programs.
Loans range from $100,000 to $7,500,000 and more and normally have terms from three to 25 years. Interest rates depend on the risk level of the business, and each financing package is customized to meet the needs of the business.
Alaska Growth Capital also delivers financial consulting in limited circumstances.
Eligibility:
Alaska Growth Capital can finance any business within the state but focuses on businesses that are expanding Alaska's economy. The primary criteria for consideration include the following:
- Dedicated and experienced management
- Past performance
- Current economic viability of the business
- Competitive advantages
Program Contact: (Primary Contact listed first.)