Eligibility

As a community-based lender, CILC strives to provide access to capital to underserved entrepreneurs throughout the state. Below are some of our eligibility requirements. 

Your business may be eligible if:

  • The business is based in Alaska

  • All owners are Alaskan residents

  • You cannot qualify for traditional bank financing

  • You have no open collections or past-due child support

  • All required licenses, permits, etc. are in place and in good standing.

CILC does not provide small business financing for any of the following purposes:

  • Check cashing

  • Lending

  • Investing in public securities, private ventures, or speculative enterprises

  • Pyramid or networking schemes

  • Fraternal organizations

  • Pornography or adult entertainment

  • Home purchases

  • Construction or rehab of a home, except for improvements directly related to the establishment or operation of a legitimate and legal in-home business

  • Liquor stores and alcohol retail

  • Manufacture or sale of any controlled substance, including cannabis products, and any associated products or merchandise

  • Gambling, betting, gaming, or any similar activity

  • Any business engaged in prostitution

  • Any business devoted to the sale of articles or merchandise normally associated with illegal or unlawful activities

  • Gun shops, shooting galleries, and firearm ranges

  • Any use that cannot be reasonably insured from loss or casualty

We understand that every business is unique. Please reach out to our staff to discuss eligibility requirements. If you believe you match our eligibility, you can begin the application process below!