Beans Cafe

A nonprofit corporation that serves meals to the indigent in Anchorage purchased a warehouse with long-term financing from AIDEA and First National Bank of Anchorage. Beans Cafe was established in 1979 to provide the homeless with nutritious meals and referrals to other social service agencies. Prior to purchasing the new property on Ship Avenue in the port area of downtown Anchorage, Beans Cafe leased other warehouse space. AIDEA's 80 percent share of the loan participation is $294,000. Beans Cafe revenues come from grants, contributions, fundraising and in-kind donations.