Small Business Lending Program
What is the Small Business Lending Program?
The Small Business Lending Program is designed to increase access to affordable capital for small businesses operating within the State of Alaska. As a community development financial institution (CDFI), CILC works with small business clients whose successes grow our economy and benefit our communities, but who may be considered too risky to get a business loan from a traditional financial institution.
Did You Know?
The CILC Small Business Lending Program offers two business loan products:
Microloans up to $50,000 (in partnership with Anchorage Community Land Trust’s Set Up Shop program)
General Small Business Loans
General small business loans up to $250,000.
These products may be used for equipment, tenant improvement, working capital, refinance, inventory, and startup costs. Our loans have flexible terms to meet the specific needs of borrowers.
CILC small business loans may also be paired with technical assistance to ensure your business has the tools needed for success. CILC partners with Anchorage Community Land Trust (ACLT) to provide technical assistance to borrowers.
Do you own a small business in Alaska? We want to meet you! Come talk with us if:
- You are an Alaska Native or American Indian business owner (this program is not exclusive to ANAI; any small business owner may apply!)
- You are seeking a loan to start or grow your business
- You have struggled to access affordable capital from a bank or credit union*
*Any small business may apply, and we do not require that you have been denied from a traditional financial institution; however, if our team thinks you would be a good candidate for a traditional bank loan, we will refer you to a partner bank or credit union.
How To Apply
To begin the application process, set up a meeting with Trevor Bradford, our business loan officer. Trevor will learn about your business and financing needs and work with you to determine the next steps and necessary application documents.
Contact Trevor Bradford at: