Frequently asked questions for small business loans.

Start by reviewing our eligibility criteria. If you believe you may qualify, complete the short inquiry form. A team member will follow up and provide next steps.
Small business loans are available statewide to businesses that are least 51% or more owned by Alaska Native, American Indian, or Native Hawaiian individuals.

Businesses that are not majority Native owned may still qualify if the business is located within a designated Native Area. See our eligibility criteria for details and mapping instructions.
Yes. We lend to businesses that are physically located and operating in Alaska.
We will guide you through required documents during the process. You may be asked for a simple business plan, financial information if available, and start up projections for new businesses.
Loan amounts are based on business needs and underwriting review, up to $250,000.
Terms vary by project. Our lenders will work with you to find an option that aligns with your goals.
An origination fee may apply. All fees are disclosed prior to closing.
Yes. Business loans require a 10 percent equity contribution toward total project costs. This helps demonstrate commitment and strengthens the financial position of the business.
Possibly. We lend to start ups. Required business licenses and basic planning must be in place before funding. Our team can help you understand what is needed to prepare.
Email us at business@cookinletlending.com and we will be happy to assist you.

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