"$500,000 For Native Americans To Start Or Expand A Business"

Business Details: "Guaranteed loans to stimulate and increase Indian entrepreneurship and employment through establishment, acquisition, or expansion of Indian-owned economic enterprises. Borrowers will work directly with the lenders. Upon lender's approval of an application for guaranteed loan, the lender will request a loan guaranty from B.I.A. office where the business is located. The Eastern Regional Credit Office serves all East Coast states. Contact regional office for assistance in filing loan guaranty application or to obtain other technical assistance. Borrower must be a federally recognized tribe or Alaska Native group, member of such tribe or group or an Indian-owned organization. The business must be located on or near a reservation or recognized service area and contribute to the economy of the reservation. A minimum of 20% equity, in either cash and/or unencumbered assets to be used in the business being financed, is required. Contact Bureau of Indian Affairs, Dept. of the Interior, John Fitzpatrick, Processor, Eastern Region Credit Office, 3701 N Fairfax Drive, Suite 260, Fairfax, VA 22203; 703-235-5565; Fax: 703-235-5565; {www.doi.gov/bureau-indian-affairs.html}. "

Grant URL: http://www.doi.gov/bureau-indian-affairs.html

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