AIDEA’s two direct loan programs offer long-term financing for start-up and expanding small businesses. The loan programs are focused on creating new jobs and/or retaining existing jobs in Alaska’s communities. Funding from both programs can be used for the acquisition of real property; new construction, rehabilitation or expansion of facilities or plants; acquisition of equipment and machinery; working capital or other commercial purposes.
These two AIDEA loan programs are administered by the State of Alaska Department of Commerce, Community and Economic Development, Division of Economic Development.