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AK
Alaska Industrial Development and Export Authority (AIDEA) Loan Participation Program
AIDEA's Loan Participation Program provides long-term financing for Alaska construction businesses and trades contractors for equipment, real property, facility construction, rehabilitation, and working capital, with AIDEA purchasing up to 90% of a participating credit up to $25 million.
About this program
Visit the program website for full details.
Eligibility
Alaska-based for-profit businesses creating or retaining jobs. Eligible uses include acquisition of real property, new construction, rehabilitation or expansion of facilities, acquisition of equipment and machinery, and working capital. Must work through a participating financial institution.
Requirements
- Must be an Alaska-based for-profit business
- Must demonstrate job creation or retention in Alaska communities
- Must apply through a participating financial institution or credit union