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Alaska
Small Loan Act License Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $25,000
Term Length: 1 year
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Alaska Small Loan Act License Bond Guide

If you’re applying for a small loan license in Alaska, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect borrowers from harm if small loan companies break state laws
  • Who Needs It: All small loan lenders in Alaska
  • Regulating Body: The Alaska Division of Banking and Securities
  • Required Coverage: $25,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide.

What Is an Alaska Small Loan Act License Bond?

An Alaska small loan act license bond protects borrowers from harm if small loan companies break state laws.

The Alaska Division of Banking and Securities requires a $25,000 bond as part of the licensing process for all small loan lenders in the state.

How Much Do Small Loan License Bonds Cost in Alaska?

Alaska small loan act license bonds cost a small percentage of the $25,000bond amount, typically $250–$2,500.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$25,000Small Loan Act License Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Alaska small loan act license bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the state as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does an Alaska Small Loan Act License Bond Work? 

As with all surety bonds, a small loan act license bond creates a legal contract between three parties: 

  1. Principal: You, the small loan company lender filing the bond
  2. Obligee: The Alaska Division of Banking and Securities requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Alaska Small Loans Act. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your small loan act license bond, simply pay your invoice when prompted. We’ll issue a new bond for you to file for the next term. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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