Small businesses affected by Alaska crab crash may be eligible for low-interest federal loans

The U.S. Small Business Administration is offering special disaster loans to some businesses hurt by the recent red king crab and snow crab closures. The SBA declared a disaster following a relief request from Gov. Mike Dunleavy for the crab fisheries closures in the Bering Sea and Bristol Bay. Along with U.S. Rep. Mary Peltola, Dunleavy requested a total of nearly $290 million from the federal government last year the estimated total ex-vessed loss for both fisheries since 2021. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild,” said SBA Administrator Isabella Casillas Guzman. >click to read< 15:12

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