Petersburg Economic
Development Council
PO Box 750
Petersburg, AK 99833
Liz Cabrera
Director
Phone: 907-772-4042
Fax: 907-772-3759
Email
State of Alaska Loan Programs
Small Business Economic Development
NOTE: The low-interest rate on this loan program expires at the end of July 2022.
In response to the COVID-19 Health Emergency, Division of Economic Development-Investments (DED) has worked in cooperation with the United State Department of Commerce, Economic Development Administration (EDA) to add additional capital for the COVID-19 Health Emergency and increased flexibility to the terms of the Small Business Economic Development Revolving Loan Fund (SBED). The goal of these effort is to make the fund more accessible to Alaska’s small businesses during these challenging times. More info.
Rural Development Initiative Loan
Petersburg-based businesses qualify for the State's Rural Development Initiative Fund loan program. Loans may be made for working capital. The maximum loan amount is $150,000 to a person or up to $300,000 to two or more people. The current interest rate is 4.00%. More information and application.