LOAN RELIEF PROGRAMS
We’re Here to Support Alaska
UPDATE: May 18, 2020
The SBA, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application. The PPP Loan Forgiveness Application includes detailed instructions and a forgiveness calculation worksheet to help borrowers apply for forgiveness at the conclusion of their 8-week covered period, which begins with the disbursement of their PPP loan.
Please note: due to SBA documentation requirements, First National Bank Alaska is not able to accept completed PPP Loan Forgiveness Applications until the borrower’s 8-week covered period is complete, per forgiveness guidelines. The SBA will soon issue additional guidance to further assist borrowers as they complete their applications.
Please refer to this webpage for the status of the PPP Loan forgiveness process under the direction of the SBA.
First National Bank Alaska is now accepting requests to apply for the SBA Paycheck Protection Program (PPP) loan.
Please submit an email request to PPPloan@FNBAlaska.com to indicate your interest in applying for the SBA PPP loan. We will accept only email requests and will respond to the email requests in the order in which they are received.
First National Bank Alaska will make reasonable efforts during business hours to submit a complete PPP application and secure a guarantee from the SBA. However, the availability of funds for these PPP loans is limited and may be depleted prior to receipt of approval of your application. The staff of First National Bank Alaska cannot predict when program funds will be depleted.
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For questions or assistance, please contact First National at (907) 777-5625. We're here to help.
You may be eligible for interest only payments on an existing loan to meet your business needs. Your payments will be lower today, and we will extend the term of your loan by the duration of reduced payments.
Payment modifications for construction, BIA, AIDEA and USDA guaranteed loans may be processed differently depending on specific requirements for each loan. Please contact your local banker for more information on payment options to meet your unique financial situation.
Small Business Administration Loans
First National Bank Alaska is a Small Business Administration Preferred Lending Partner. For questions or assistance, please contact First National at (907) 777-5625. We're here to help.
Paycheck Protection Program
As part of the new Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) is aimed at helping small businesses keep workers employed during the COVID-19 pandemic.
- Start with this Summary of the Program
- Review the U.S. Chamber of Commerce Guide
- Read this Information Fact Sheet for Borrowers
- Take steps now with First National's SBA Paycheck Protection Program Checklist
- Prepare to apply with an Application Form
- Contact a local Loan Officer to submit your application and supporting documents.
Economic Injury Disaster Loans and Loan Advance
The SBA’s Economic Injury Disaster Loan program provides some small businesses with a loan advance that will provide economic relief if the business is currently experiencing a temporary loss of revenue. To confirm your eligibility and to apply for a COVID-19 Economic Injury Disaster Loan, click here.
For questions or assistance, including questions about mortgage payment relief, please contact (907) 777-3384 or email Special Credits. We're here to help.
You may be eligible for up to three months of deferred payments on an existing loan. The maturity date of the loan will be extended by the number of payments deferred. The standard modification fee is waived.