The Financing Section administers a portfolio of state loan programs, including Commercial Fishing, Fisheries Enhancement, Small Business Economic Development, Rural Development Initiative Fund, Mariculture, Commercial Charter, and Capstone Avionics. Assumptions on existing loans are also available on a number of loan programs. Please refer to each loan fund for details on eligibility and other terms.
Interest rates are set each quarter. Effective October 1, 2014, the interest rates are:
Alaska Capstone Avionics
3 AAC 75.045(c)
3 AAC 80.055(k)
Engine Fuel Efficiency Upgrade
3 AAC 81.055(e)
Product Quality Improvement
Rural Development Initiative Fund
3 AAC 99.865
Small Business Economic Development
These rates are in effect until changed, which will be no sooner than January 1, 2015. At that time, interest rates will be re-evaluated and may change.
Toll Free Hotline 1-800-478-5626 within Alaska