Alaska Provides Variety Of Business Loans To You

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As the U.S. Government has a vested interest in the health of small businesses, the SBA offers a variety of resources, articles and tools designed specifically to help you start and grow yours. Technology (SBIR/STTR) administers the Small Business Innovation Research (SBIR)┬áProgram and the Small Business Technology Transfer (STTR) Program Through these two competitive programs, the SBA ensures that the nation’s small, high-tech, innovative┬ábusinesses are a significant part of the federal government’s research and development efforts.small business administration

Pictured Above: Front Row L to R: Derrick Willoughby, Business Opportunity Specialist; Donna Padgug, Economic Development Specialist; Jackie Gardner, Administrative Officer/ Business Opportunity Specialist; Natalie Hall, Economic Development Specialist; and Carmen Gonzalez, Business Opportunity Specialist.small business administration

The assessment determined that the damage exceeds the Small Business Administration’s criteria for a physical disaster declaration: damage to 25 or more homes and businesses resulting in uninsured losses of 40 percent or more of the estimated fair market value of the damaged property.

Large bank institutions, such as Chase, Bank of America and Wells Fargo, generate the bulk of their SBA loan volume by loans, especially the express loan and line of credit, offered to those who would be declined for ‘normal’ bank credit due to factors such as length of time in business or slightly more conservative underwriting factors.small business administration

In order to solicit, gather, analyze, apply and respond to input from interested parties regarding the Strategic Plan FY 2014-2018, SBA performed outreach with House and Senate staff, the Office of Management and Budget, and SBA employees in the early fall and the broader public.

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