08/20/2026
Small Business Pathways
Small Business Resource Assistance by Skagway Development Corporation
Every week we're sharing practical business tips, helpful resources, and opportunities to support entrepreneurs and small businesses in Skagway.
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π Business Tip
Funding Your Business: Grants vs. Loans
One of the most common questions small business owners ask is: βAre there grants available for my business?β
Sometimes β but grants for general for-profit business expenses can be harder to find than many people expect.
Grants generally:
β Do not have to be repaid
β Have specific eligibility requirements
β Are often tied to a particular project, industry, location, or purpose
β Can be highly competitive
β May require applications, budgets, documentation, and reporting
Business loans generally:
β Must be repaid, usually with interest
β Can often be used for a wider variety of business needs
β May help finance equipment, inventory, working capital, expansion, real estate, or startup costs
β Require the business to demonstrate its ability to repay the loan
π‘ The takeaway: Don't build your business plan around finding a grant. Instead, look at all of the financing options available and determine which one makes the most sense for your business and project.
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π Featured Resource
State of Alaska Small Business Loan Programs
Did you know the State of Alaska administers several loan programs specifically designed to support Alaska businesses?
Two programs worth knowing about are:
Alaska Microloan Program
Designed to provide financing to eligible Alaska businesses for commercial purposes, including working capital, equipment, construction, and other business needs.
π Learn more:
https://www.commerce.alaska.gov/web/inv/LoanPrograms/Microloan
Small Business Economic Development (SBED) Loan Program
Provides financing for eligible small businesses for working capital, equipment, construction, and other commercial purposes while supporting the creation and retention of Alaska jobs.
π Learn more:
https://www.commerce.alaska.gov/web/inv/LoanPrograms/SmallBusinessDevelopment.aspx
You can also explore additional financing programs and small business resources through the State of Alaska Small Business Assistance Center:
π https://www.commerce.alaska.gov/web/inv/DEV/SmallBusinessAssistanceCenter.aspx
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π
Opportunity
FREE Workshop: Funding Your Business β Navigating the SBA 7(a) Loan Program
The Alaska Small Business Development Center and Alaska Growth Capital are offering a workshop focused on understanding the SBA 7(a) Loan Program and how business owners can better prepare for financing.
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September 15, 2026
β° 11:30 AM β 1:00 PM AKDT
Topics include using SBA financing for:
β’ Starting a business
β’ Purchasing an existing business
β’ Commercial real estate
β’ Equipment
β’ Working capital
β’ Business growth
The workshop will also discuss what lenders look for when evaluating a business loan application.
π Learn more & register:
https://aksbdc.org/workshops/funding-your-business-navigating-the-sba-7a-loan-program-with-confidence-juneau/
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π° Not sure where to start?
Before looking for funding, start by answering a few basic questions:
β How much money do I actually need?
β What exactly will I use the money for?
β What does my business's current financial picture look like?
β How will this investment help my business grow or generate revenue?
β If I'm borrowing money, how will I repay it?
The Alaska Small Business Development Center (SBDC) also provides free, confidential business advising to Alaska entrepreneurs and existing businesses. Advisors can help with financial projections, business planning, financing preparation, and much more.
π Request free business advising:
https://aksbdc.org/getting-started/
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π© Small Business Pathways is all about connecting Skagway businesses with the right resources.
Not sure whether you should be looking for a grant, loan, or another funding option? Skagway Development Corporation can help point you in the right direction and connect you with statewide and regional resources.