Financial Assistance from DCCED: Division of Economic Development Investments
The Alaska Division of Economic Development – Investments (DED-Investments) is prepared to work with existing borrowers who may experience economic hardship related to COVID-19. DED-Investments has experienced staff specifically trained to understand the fishing industry, and they are equipped with the tools to assist affected fishermen.
DED-Investments’ approach is to work closely with individual borrowers to craft solutions that work best for each individual borrower. Solutions are pursued on a case-by-case basis, as each borrower’s circumstances are different.
If you are experiencing economic hardship or have any questions, contact the DED-Investments and ask to speak to a loan officer. The officer will explain all available options and provide as much assistance as necessary to find a solution.
DED-Investments staff can be contacted at (907) 465-2510, 1-800-478-5626 (toll free), or firstname.lastname@example.org.
The Alaska Division of Economic Development – Investments (DED-Investments) continues to administer the Commercial Fishing Revolving Loan Fund (CFRLF) during the declared COVID-19 disaster. In addition to the purchase-type loans available, loans can also be made to reimburse funds for previous purchases made for fishing operations. More information about the CFRLF can be found here.
DED-Investments also administers several other revolving loan funds for the State of Alaska that are designed to work with small businesses, including loans for working capital.
Links to the small business loan funds that allow loans to be made for working capital:
More information on all active loan funds currently being administered by DED-Investments can be found on our website at: DED-Investments Loan Funds.
DED-Investments staff can be contacted at (907) 465-2510, 1-800-478-5626 (toll free), or mailto:email@example.com.