Alaska small loan company bonds.
$250 flat.
The Alaska Small Loans Act requires a license applicant to file a $25,000 surety bond with the Division of Banking and Securities under AS 06.20.050. The bond runs to the state and to any person with a cause of action against the lender. Ours is $250 flat.
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How much does an Alaska small loan company bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Small loan license bonds are among the most standardized filings in surety. Here's the entire process:
Apply online
Business details, owner details, an effective date, and a term — that is the application, and any credit screen is a soft pull that never shows as a hard inquiry.
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.
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.
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.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, owner details, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Alaska bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your small loans license today.
$250 flat, issued the moment you pay, soft pull only. Free until issued.