Any person engaging in the business of making loans of money or credit in the amount of $25,000 or less, or providing debt management and credit counseling services in Alaska. Required when: Required upon application for a Small Loan Company license. Exemptions: Banks, savings and loan associations, trust companies, b…
Overview
What it is.
Any person engaging in the business of making loans of money or credit in the amount of $25,000 or less, or providing debt management and credit counseling services in Alaska. Required when: Required upon application for a Small Loan Company license. Exemptions: Banks, savings and loan associations, trust companies, b…
Who usually needs it
Any person engaging in the business of making loans of money or credit in the amount of $25,000 or less, or providing debt management and credit counseling services in Alaska.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateAKBond amount$25,000Term lengthAnnualObligeeAlaska Department of Commerce, Community, and Economic Development, Division of Banking and SecuritiesRenewalLicensees must file a new bond or a continuation certificate that complies with AS 06.20.050 on or before December 20 of each year.Bond classLicense BondCategoryFinancial ServicesBondSmall Loans Act Surety BondStatutory referenceAS 06.20.050JurisdictionState
