Business Resources

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National Resources

US Small Business Administration
Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

SCORE
SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. We have been doing this for nearly fifty years.

America's Small Business Development Centers
America’s SBDC represents America’s nationwide network of Small Business Development Centers (SBDCs) – the most comprehensive small business assistance network in the United States and its territories.

IRS Small Business and Self-Employed Tax Center
SB/SE serves taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.

Small Business Resource Center
Entrepreneur.com offers a variety of resources to from how to work with former employee to the basics of writing a business plan and so much more.

Alaska Resources

Alaska Small Business Development Center
The Alaska Small Business Development Center (SBDC) provides no-cost advising services and low cost educational programs to entrepreneurs looking to start or grow their small business. The Alaska SBDC business advisors work with entrepreneurs in confidential, one-to-one sessions in the areas of management, marketing, sales, finance, accounting and other disciplines required for small business growth, expansion and innovation.

State of Alaska Small Business Assistance Program
The Small Business Assistance Center provides direction for entrepreneurs, start-ups, and existing businesses in Alaska.

Alaska PTAC
Alaska PTAC (Procurement Technical Assistance Program) provides procurement training, counseling, and solicitation support throughout the state,and helps Alaskan businesses keep informed of government contracting opportunities through our award-winning Bid Match program. The Alaska PTAC staff possess diverse backgrounds in government procurement at the federal, state, and local level, and regularly participate in training activities to further their professional development. This helps them keep pace with the ongoing changes in policies and procedures that impact the acquisition marketplace.

Buy Alaska
BuyAlaska.com is a program of UAA and Alaska Small Business Development Center. In partnership with Anchorage Economic Development Corporation, chambers of commerce,industry associations, and business assistance throughout Alaska, we envision a thriving and diverse economy - energized by world-class businesses reflecting this remarkable land we call home.

TREND
The Technology Research & Development Center (TREND) assists Alaska small business and entrepreneurs in developing new products and services that support government research efforts. We specialize in providing assistance with the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. TREND also provides pre-market strategy and assistance to independent inventors.

Financing Your Small Business

ALPS Federal Credit Union Commercial Loans
We offer competitive rates on the essentials you need to build and grow your business.

First Bank Business Loans
At First Bank, we offer a wide variety of commercial loan options to help you succeed. But our commercial lenders lend more than just money; they can lend experience, ideas, and helpful alternatives. Additionally, we offer guaranteed loan programs through the Small Business Administration (SBA) and the Alaska Industrial Development and Export Authority (AIDEA).

First National Bank Alaska Business Solutions
Thinking about starting your own business or buying an existing one? Ready to expand your business or just want to be ready for the unexpected? Expand your options with our loan and credit services.

Northrim Business Lending
Northrim is an Alaska community bank with a Customer First Service approach. Our mission is to be Alaska’s most trusted financial institution. We are committed to adding value for our customers and communities. The business lending team at Northrim Bank has experience and advice you can count on. In addition to their knowledge of the Alaska economy, our loan officers are equipped with local industry insight, solid business connections, and the ability to present creative financing options. We are engaged in your business – taking an innovative approach to your financial needs and objectives. We believe business is personal, so give us a call. Northrim also partners with both Alaska Industrial Development and Export Authority (AIDEA) and Small Business Administration (SBA) Loans.

Wells Fargo Small Business Administration Lending
Choose from one of the business financing solutions offered by Wells Fargo and the Small Business Administration and take advantage of favorable and flexible terms and competitive loan rates. All financing is subject to credit approval and SBA eligibility.

AIDEA
The Legislature created AIDEA (Alaska Industrial Development and Export Authority) to provide financing for Alaskan businesses to expand the economy of the state and provide jobs for Alaska. AIDEA is about financing businesses, helping to diversify the economy of Alaska and creating jobs for Alaskans. AIDEA accomplishes its mission by providing various means of financing and by facilitating the financing of businesses in Alaska. AIDEA also has the ability to own and operate facilities that advance this goal.

SBA Small Business Loans
What does SBA offer to small business owners? The programs are varied and the qualifications for each are specific. Understanding how SBA works is the first step towards receiving assistance.

Small Business Saturday Resources

Small Business Saturday
Shop Small is a movement encouraging people to shop at small businesses; millions of individuals, businesses, and communities have embraced it nationwide. Founded by American Express in 2010, Small Business Saturday®is a day to shop at the local businesses in your neighborhood that are always there for you. It's celebrated every year on the Saturday after Thanksgiving and continues to gain support across the country.

Innovative Ways to Make Small Business Saturday a Big Success
Here are 3 ways forward-thinking business owners can use Small Business Saturday as a jumping off point to help attract new business and increase sales.Entrepreneur.com

Checklist For Starting a Business

Before You Start

Starting a new business can be a daunting, yet very rewarding experience. To increase your chance for success, take the time up front to ask yourself some important personal and business questions.

Self Assessment Quiz

Do You Have What It Takes to Be an Entrepreneur?
"If you're thinking about starting a business, it's time for some personal assessment. Take this informal quiz to see how your personality compares with the popular profile of today's successful entrepreneurs. "Entrepreneur.com

Small Business Success Quiz
Small Business Success Magazineconducted a survey and then used the comments about small business success to create this quiz. Choose the answer that you feel is best and see where you stand in the Success Quotient Ratings.

Creating a Life Plan

Your Ideal Life
Step 1 of Startup Nations10 Steps to Open for Businessbegins with creating a Life Plan. "Some of the most successful and happy people we know are entrepreneurs who created a business that’s in perfect synchronicity with what they want out of life. If you do what you love, you’ll work harder, better and more happily."StartupNation.com

Business Planning

We recommend you prepare a written business plan, complete with financial statements.

For an online presentation on business planning, check outBusiness Plan Pro’s site at: http://www.paloalto.com/support/training/sba_course.

Legal Structures

Decide whether you wish to operate as a sole proprietorship, partnership or corporation, etc.

Licensing

Obtain an Alaska Business License.

Determine licensing requirements specific to your business.

Internal Revenue Service

If operating as anything other than asole proprietorship, obtain a federal Employer Identification Number (EIN) from the Internal Revenue Service.

Talk to your accountant or bookkeeper, or contact the Internal Revenue Service Taxpayer Education Service to determine potentia ltax obligations and filing requirements.

Hiring Employees

For a complete listing of Department of Labor information for employers go to http://labo r.state.ak.us/employer/employer.htm.

If hiring employees, register with the Employment Security Division, Alaska Department of Labor in order to obtain an unemployment insurance identification number.

Call toll free: (888) 448-2937, or go to http://www.labor.state.ak.us/estax/home.htm and click on the FAQ's for TaxWeb (http://www.labor.state.ak.us/estax/faq-taxweb.htm) link to learn more about the registration process.

Determine necessary compliance with the Workers ' Compensation Act by contacting Workers ' Compensation Division, Alaska Department of Labor.

Contact the Alaska Department of Labor Standards and Safety Division to determine compliance with the Occupational Safety and Health Act.

City of Sitka Information

A city business registration form and $25 sales tax deposit is required of anyone doing business or having a rental in the City and Borough of Sitka.

Research Zoning regulations.