The 49th state to join the United States, Alaska, has the largest area of all 50 states. The Last Frontier state has over 129 million acres of forest and only .2% of the population of America. A third of Alaska’s job market is within the petroleum sector. The 800-mile Trans-Alaska Pipeline System and the billions of dollars injected into Alaska’s economy from oil companies was once responsible for one quarter of U.S. oil production. Aside from petroleum, Alaska boasts strong tourism, fishing, mining, and timber industries.
Eagle Business Credit serves businesses across Alaska, including those in Anchorage, Fairbanks, and Juneau. Anchorage, home to more than 40% of the state’s population, receives 95% of all imported goods in Alaska. The capital city, Juneau, caters to a strong tourism industry—especially incoming cruise ships—government employees, and fisheries. Fairbanks is the second largest metropolitan area in Alaska and the largest city in the interior region of the state. The northern lights, winter sports, and cruise ship packages all aid the Fairbanks’ tourism sector.
Accounting for more than half of the state’s oil production, BP has a stronghold in Anchorage and operates the entire Prudhoe Bay oil field. BP spends over $800 million annually with vendors in Alaska and employs over 8,000 Alaskans.
ConocoPhillips, also operating out of Anchorage, has helped support the Alaskan economy for more than half a century.
Hecla Greens Creek Mining Company just outside of Juneau is one of the largest and lowest-cost silver mines in the world.
Sealaska, with major operations in Juneau, is a timber company and largest private landholder in the Alaskan area.
Trident Seafoods, the nation’s largest vertically integrated fishery, operates in 9 coastal communities in Alaska including Ketchikan, Kodiak, and St. Paul.
Why wait to get paid? Accounts receivable funding gets your business the cash it needs to manage and grow. Cash flow problems create stress for business owners. With overhead costs, payroll, and paying your suppliers, it can be hard to find the money necessary to expand your business. Our invoice factoring services provide immediate payment for your open invoices. Your business can continue to sell and grow without waiting to get paid by your customer.
Call us today and find out how easy it is to turn your unpaid invoices into funds you can use to grow tomorrow.