A range of financing options for small and medium-sized businesses, including long-term loans
We partner with the Alaska Industrial Development & Export Authority (AIDEA) to provide a variety of loan and refinancing solutions for Alaska businesses.
AIDEA loans offer:
AIDEA loans can be used for just about any business purpose, including:
To qualify, your business must be located in Alaska and majority-owned by an Alaska resident. Your Commercial Loan Officer can go over your business details to help you determine whether you might qualify.
That depends on the specific program and type of loan. Some AIDEA loans require application fees, commitment fees, or third-party fees. In addition, late payment fees are assessed on all term loans.
Collateral is required for some AIDEA loans, but it depends on several factors, including the amount and purpose of your loan. If your loan requires collateral, it can be secured with accounts receivable, inventory, equipment, or real estate.
Unsecured loans, which don’t require any collateral, are also available in some situations.
No, you don’t have to be a member to apply, but you do need to apply and qualify to become a member to accept the loan. But don’t worry—it’s quick and easy to join Alaska USA.
Rates are based off US Treasury Securities or Wall Street Prime Journal, plus points.
NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers this credit union’s compliance with the law is: National Credit Union Association, Office of Consumer Protection, 1775 Duke St., Alexandria, VA 22314.
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