{"data":{"id":"us-ak/as-45.81.260","jurisdiction":"us-ak","citation":"AS 45.81.260","heading":"Eligibility for loans.","body":"A person is eligible for a loan under AS 45.81.200 — 45.81.290 if\n(1) the person can establish or demonstrate good character, capacity for financial responsibility, ability to provide sufficient collateral and knowledge of Alaska economic conditions;\n(2) the person is a resident of the state; and\n(3) in the judgment of the Department of Commerce, Community, and Economic Development\n(A) the business shows a definite potential for growth;\n(B) the borrower will be able to repay the loan; and\n(C) the loan will potentially create more jobs and provide additional services in the community.","path":["Title 45. Trade and Commerce.","Chapter 81. Business Loan and Grant Programs.","Article 3. Small Business Loans."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.81.260","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"ab83211c64f012bd86cb93c0cd132f5ad5f3df904ebc20006b62a73dbb0f4433","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.81.250","next":"us-ak/as-45.81.290"},"notice":"GroundRules: Original legal text. Not legal advice."}