Economic Development District’s Microloan Fund

General Objective:
The EDD Microloan Fund is designed for the small busniess primarily producing an Alaskan craft or artwork within the Kenai Peninsula. Traditional financing sources have either denied or are under serving the applicant.

 Parameters of the loan:

• Minimum amount of $1000.00.
• Maximum amount of $25,000.00.

 Microloan Funding Uses: 

• Startup costs of a legitimate business.
• Purchase equipment.
• Purchase new inventory.

 Microloan Requirements: 

• If possible, contact and apply with your local bank first. If denied:
• Contact EDD and complete an application.
• EDD will need a business summary with an explanation/purpose for the loan.
• EDD is looking for applicants who have relevant experience and demonstrate a willingness to repay the debt.

Other EDD Program Links:
Business Innovation Center  ~  Revolving Loan Fund  ~  Industry Development/Project Development
Microloan Fund  ~  Starting a New Business  ~  Technical Assistance (PDF Form)

Submit questions or comments about this web site to:  info@kpedd.org
Copyright © 2006 Kenai Peninsula Economic Development District Inc.