Agency / Department: Alaska Industrial Development and Export Authority
Resource: Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE).
Details: In collaboration with Alaska’s banks and financial institutions, AIDEA will provide a loan guarantee up to $1,000,000 per Borrower. The objective is to enable Alaska’s banks and financial institutions to immediately provide additional capital to Alaska businesses through their existing relationships as they continue to manage terms with those Borrowers.
Alaskan businesses with existing lines of credit through any lending institution in Alaska will be able to apply for a loan increase of up to $1 million dollars. These loans will be backed by the state through AIDEA