active State Loan

Alaska Microloan Revolving Loan Fund

Alaska Department of Commerce, Community, and Economic Development (DCCED) — Division of Investments

Up to $35K (one person) / $70K (two+)

See if you qualify — free Visit official program ↗

Researched for this program: 5 rejection traps · 7 required documentsWhat decides this award ↓

The short version

Alaska's direct state microloan

A direct state microloan program run by Alaska's Division of Investments to provide capital to small businesses that cannot fully access conventional bank financing. Loans are made directly by the state (not a bank guarantee) for working capital, equipment, construction, and other commercial purposes. The maximum is $35,000 to a single person or up to $70,000 to two or more persons, with a maximum term of twelve years. Loan requests above $35,000 require a denial letter from a financial institution, and all loans must be fully secured by collateral. Applicants must have been Alaska residents for the 12 months preceding application.

Funding type: Loan
Level: State
Amount range: Up to $35K (one person) / $70K (two+)
Realistic amount: Most single-borrower microloans fall at or near the $35,000 individual cap; joint applicatio…
Deadline: Rolling — applications accepted year-round and reviewed as received.
Status: active
States: Alaska
Payment model: loan

Who qualifies

Applicant must have been an Alaska resident for the 12 months immediately preceding the application date
Business must operate in Alaska
Applicant(s) may not have any child support arrearage
Loan must be adequately secured — collateral value must equal or exceed the loan amount
Requests over $35,000 require a letter of denial from a financial institution (or confirmation a bank loan is contingent on this loan)
Individual financial statements required from all applicants and from anyone owning 20% or more of a corporate applicant

What it covers

Alaska Microloan Revolving Loan Fund is a state loan from Alaska Department of Commerce, Community, and Economic Development (DCCED) — Division of Investments, open to businesses in Alaska, with a published award of Up to $35K (one person) / $70K (two+). Deadline for Alaska Microloan Revolving Loan Fund: Rolling — applications accepted year-round and reviewed as received. Alaska Microloan Revolving Loan Fund covers 5 categories of eligible expense and excludes 3. Alaska Microloan Revolving Loan Fund pays out as a loan. Alaska Microloan Revolving Loan Fund is listed as active in the GrantCompass catalog as of August 24, 2026.

Eligible expenses

Working capital
Equipment purchases
Construction and leasehold improvements
Inventory and supplies
Other commercial business expenses

Ineligible expenses

Personal (non-business) expenses
Repayment of existing child support arrearage
Uses not adequately secured by collateral

How to apply

Applying to Alaska Microloan Revolving Loan Fund takes 4 steps and about 16 hours in total; the award is Up to $35K (one person) / $70K (two+) from Alaska Department of Commerce, Community, and Economic Development (DCCED) — Division of Investments, open to businesses in Alaska. Deadline for Alaska Microloan Revolving Loan Fund: Rolling — applications accepted year-round and reviewed as received.

1

Confirm eligibility and gather financials

Verify 12-month Alaska residency, confirm no child-support arrearage, and assemble personal financial statements for all applicants (and any 20%+ owners), plus a business plan and collateral documentation.

~6 hrs
2

Obtain bank denial letter if requesting over $35,000

If the request exceeds $35,000, secure a letter of denial from a financial institution stating the reason(s), or confirmation that a bank loan is contingent on receiving this microloan.

~3 hrs
3

Submit application with $100 fee to the Division of Investments

File the Alaska Microloan application with the non-refundable $100 application fee to the Division of Investments (Juneau or Anchorage). Include all financial statements and collateral information.

~4 hrs
4

Underwriting and loan closing

The Division reviews creditworthiness, collateral adequacy, and repayment capacity. If approved, the interest rate is fixed at approval and loan documents are executed.

~3 hrs

Insider tip

Because every loan must be fully collateralized, lead with a clear collateral schedule — undersecured requests are the most common reason microloan files stall. If you only need $35,000 or less you avoid the bank-denial-letter requirement entirely, which speeds up the file considerably.

Deadline & timing

Alaska Microloan Revolving Loan Fund is listed as active in the GrantCompass catalog as of August 24, 2026. Deadline for Alaska Microloan Revolving Loan Fund: Rolling — applications accepted year-round and reviewed as received. Alaska Microloan Revolving Loan Fund awards Up to $35K (one person) / $70K (two+) to businesses in Alaska through Alaska Department of Commerce, Community, and Economic Development (DCCED) — Division of Investments. The Alaska Microloan Revolving Loan Fund application runs to 4 steps and about 16 hours of work in total. Alaska Microloan Revolving Loan Fund sits at the state level and is classified as a loan. Alaska's direct state microloan — that is Alaska Microloan Revolving Loan Fund in one line.

No competition cycle. The Division of Investments (offices in Juneau and Anchorage) processes applications continuously; timing depends on completeness of financials and collateral documentation.

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Last reviewed 2026. GrantCompass is an independent funding-discovery tool and is not affiliated with any government agency. Always confirm details on the official program page.