t load based on the national ratio of debt to business revenues. This expected total debt load was then compared to an estimate of actual debt load. The difference was $300 million. The estimated actual debt load was 32 percent of the expected debt load.
TYPES OF ENTERPRISES THAT WOULD BE FINANCED WITH CDFI FUNDS
Alaska Growth Capital opened its doors for full operations on July 14. During the first eight weeks of operations, the company has received 53 financing requests totaling $25 million. Of these requests, 26 have come from the targeted areas. A summary of applicants is attached.
These funding requests have come in without any marketing activities except for an initial press conference. Once the marketing program is implemented, a dramatic increase in applicants can be expected, especially from the targeted r
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