2018 Alaska Statutes
Title 45. Trade and Commerce
Chapter 81. Business Loan and Grant Programs
Article 3. Small Business Loans.
Sec. 45.81.260. Eligibility for loans.

Universal Citation: AK Stat § 45.81.260 (2018)

A person is eligible for a loan under AS 45.81.200 — 45.81.290 if

(1) the person can establish or demonstrate good character, capacity for financial responsibility, ability to provide sufficient collateral and knowledge of Alaska economic conditions;

(2) the person is a resident of the state; and

(3) in the judgment of the Department of Commerce, Community, and Economic Development

(A) the business shows a definite potential for growth;

(B) the borrower will be able to repay the loan; and

(C) the loan will potentially create more jobs and provide additional services in the community.

Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.