Small Alaska businesses affected by the COVID-19 crisis can apply for federal disaster loans
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With
The federal agency is offering small businesses and private, nonprofit organizations up to
"These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact," said
The interest rate depends on the applicant: It is 3.75% for small businesses and 2.75% for private nonprofit organizations.
[How will
The federal agency acted under its own authority to declare a disaster, after a
Economists say thousands of Alaskans were suddenly thrown out of work last week and the number of Alaskans seeking unemployment insurance soared.
The loans stem from an emergency aid package approved by
[Emergency assistance fund set up for
Sens.
Applicants can also call the the
The deaf or hard-of-hearing may call (800) 877-8339.
Completed applications should be mailed to the
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