AK small loan company bonds.
$250 flat.

The Alaska Small Loans Act (AS 06.20) requires a license applicant to file a $25,000 surety bond approved by the department under AS 06.20.050 — running to the state and to any person with a cause of action against the lender, filed with the Division of Banking and Securities. Ours is $250 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.

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Required to license under the Alaska Small Loans Act — AS 06.20.050

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Fixed price, fixed amount — $25,000 bond, $250 flat, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantissuance at checkout$250 flatsame price at checkout

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How it works

Three steps. One sitting.

Small loan license bonds are among the most standardized filings in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details, owner details, an effective date, and a term — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

This bond is checkout-priced at $250 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File with the Division of Banking and Securities

Your executed bond arrives by email, ready to file with your small loan license application. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Alaska regulates small loan and consumer finance lenders through the Division of Banking and Securities under the Alaska Small Loans Act, AS 06.20. A license applicant files a $25,000 bond approved by the department under AS 06.20.050, with one or more sureties.

The bond runs to the state and to any person who may have a cause of action against you — it stands behind your promise to conform to AS 06.20 and the department's regulations, and to pay the state and borrowers any money that becomes due under the chapter. It's a three-party arrangement: you (the principal), the surety carrier, and the state and your borrowers as protected parties.

It is not insurance for you — if the surety pays a claim, you repay the surety. The license renews annually, so the bond has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.

AS 06.20.050The Alaska Small Loans Act requires a license applicant to file a bond approved by the department in the sum of $25,000, with one or more sureties, for the use of the state and any person with a cause of action against the obligor — conditioned on faithful conformance to AS 06.20 and payment of money due under the chapter. Confirm current requirements with the Division of Banking and Securities.

You need this bond if you're

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Applying for an Alaska small loans license — the bond files with your application

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Renewing your license — the bond must stay continuously on file

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Making consumer loans to Alaska borrowers under the Small Loans Act

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Reinstating a license that lapsed with an expired bond

One application, issued instantly.

These are the actual issuing fields — business details, owner details, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Alaska small loan company bond?The premium is $250 flat — set by our carrier's rate book for this bond, the same for every licensee. The $25,000 bond amount is set by AS 06.20.050, so there is no quote process, and the price you see is the checkout price.

Do I pay the $25,000?No. You pay $250. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to file with the Division of Banking and Securities.

Is there a credit check?The application includes a standard credit-consent section, and any screen that runs is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $250 flat either way.

Who requires the bond, and where do I file it?The Alaska Division of Banking and Securities, which administers the Small Loans Act. The bond files with your license application, and it protects both the state and any borrower with a cause of action under AS 06.20.

Related bonds

Other Alaska bonds.

Finish your small loans license today.

$250 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$250

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