The U.S. Department of the Treasury announced Tuesday that Alaska is among 11 states to be approved for the most recent round of State Small Business Credit Initiative funding.
, Alaska is set to receive $59.9 million in SSBCI monies that will be directed to lenders in order to provide opportunities for commercial fishing, mariculture, tourism, manufacturing, and other industries. The release said that Alaska’s funding will be split up into four programs.
Alaska’s $59.9 million will be split into four programs — the largest of which is the Alaska Loan Guarantee Program — aimed at providing funding to small businesses that are facing revenues below what they would see in a typical year. There is $32 million allocated to the loan guarantee program, $15.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blake Shelton will exit 'The Voice,' ending his reign as show's longest-serving coachBlake Shelton announced Tuesday that he will depart 'The Voice,' NBC's long-running singing competition, more than a decade after it debuted in 2011.
Read more »
DeSantis awards over $2 million in small business loans to help those impacted by IanGov. DeSantis made three major announcements about restoration updates Monday morning alongside other state officials at the Charlotte County Disaster Recovery Center in Port Charlotte.
Read more »
Burglaries at SF restaurants, bars are down after a 2-year spikeSmall business owners have spent thousands after burglary incidents.
Read more »
S&P 500 Extends Slide as Traders Eye Economic Data, Bank EarningsS&P 500 sinks by 1% as traders brace for CPI on Thursday. Fedspeak remains hawkish as FOMC looks to talk down market. Bank earnings to set the tone for Q3 earnings season.
Read more »
Is the small business surge in the US sustainable?Start-up rates surged during the pandemic. Will it last?
Read more »
Small businesses expect a recession, but hiring plans remain robust - San Francisco Business TimesAfter navigating the pandemic, supply chain headaches, a labor shortage and soaring inflation, most small businesses are confident they can weather a recession — and they do believe one is coming.
Read more »