Borrower Access Online

Borrower Access Online

The Division of Economic Development, Department of Commerce, Community, and Economic Development complies with Title II of the Americans with Disabilities Act of 1990. This publication is available in alternative communication formats upon request. Please contact the Division of Economic Development at (907)465-2510 or TDD (907)465-5437 to make any necessary arrangements.

Financing Section

The Financing Section administers a portfolio of state loan programs, including Commercial Fishing, Fisheries Enhancement, Small Business Economic Development (SBED), Rural Development Initiative Fund, and Capstone Avionics. Assumptions on existing loans are also available on a number of loan programs. Please refer to each loan fund for details on eligibility and other terms.

Interest rates are set each quarter. Effective April 01, 2013, the interest rates are:

Fund

Rate

Authority

Alaska Capstone Avionics

4.00%

3 AAC 75.045(c)

Alaska Microloan

6.00%

3 AAC 74.010

Alternative Energy Conservation

5.00%

3 AAC 78.056

Commercial Charter Fisheries

6.00%

3 AAC 80.310

Commercial Fishing

5.25%

3 AAC 80.055(k)

Community Quota Entity

5.25%

3 AAC 80.010

Engine Fuel Efficiency Upgrade

4.25%

3 AAC 80.055(k)

Fisheries Enhancement

5.00%

3 AAC 81.055(e)

Mariculture

5.00%

3 AAC 80.410

Product Quality Improvement

4.25%

3 AAC 80.055(k)

Rural Development Initiative Fund

4.00%

3 AAC 99.865

Small Business Economic Development

4.00%

Board Delegation

These rates are in effect until changed, which will be no sooner than July 01, 2013.   At that time, interest rates will be re-evaluated and may change.