The following is a list of State Small Business Credit Initiative Tribal Government Approvals released by the Department of the Treasury on October 17, 2024.
1. Cherokee Nation: The Cherokee Nation, approved for up to $86,853,214, will operate two loan
participation programs which will provide financing to Tribal and other underserved
entrepreneurs on the reservation. The programs will allow purchased participations in loans
originated by a lender, or origination of a companion loan. The intended results of the Cherokee
Nation program will be quality jobs for tribal citizens, support for entrepreneurs and small
business employees, multiplier impacts along the supply chain, and rural healthcare
improvements through entrepreneurial innovation.
2. The Coquille Indian Tribe: The Coquille Indian Tribe, approved for up to $701,618, by Tribal
Council resolution, designated its Mith-ih-kwuh Economic Development Corporation to
administer two loan programs, one loan participation program and one collateral support
program. Collectively, the two programs will support multiple Tribally-owned businesses. The
programs will focus on Tribal businesses in the government contracting, construction, energy,
professional services, and commercial development industries. Coquille Indian Tribe expects its
SSBCI programs will create additional jobs and career advancement opportunities for Tribal
members and increase the Tribe’s financial resources through growth of its businesses, which will
help fund priorities such as elder care, health care, and educational support.
3. The Duckwater Shoshone Tribe of the Duckwater Reservation, Nevada: The Duckwater
Shoshone Tribe of the Duckwater Reservation, Nevada, approved for up to $645,217, will operate
a single loan participation program (LPP). The LPP program will provide direct/companion loans
to Tribally-owned businesses with 25 or fewer employees. The LPP is expected to target access to
capital needs of small businesses across several industries including agriculture, ranching, retail
trade and crafts, food service, and other sectors. Tribal projects with LPP financing will provide
growth opportunities for small businesses and result in job opportunities for Tribal members.
4. The Lac Vieux Desert Band of Lake Superior Chippewa Indians of Michigan: The Lac
Vieux Desert Band of Lake Superior Chippewa Indians of Michigan, approved for up to
$672,876, will operate a collateral support program. The collateral support program will support
Tribally-owned and member-owned small businesses, as well as small businesses in the
geographic vicinity of Lac Vieux Desert Band’s Tribal reservation. The program will focus on
small businesses in the sustainable food production and distribution industry. The Lac Vieux
Desert Band expects its SSBCI program will address food shortages by increasing the availability
of food while also creating local jobs for the Tribe and its surrounding community.
5. The Santa Ynez Band of Chumash Mission Indians of the Santa Ynez Reservation,
California: The Santa Ynez Band of Chumash Mission Indians of the Santa Ynez Reservation,
California, approved for up to $616,641, will operate a single loan participation program (LPP).
The LPP program will provide direct/companion loans to Tribal member-owned small
businesses. The LPP is expected to target access to capital needs of small businesses in industries
such as retail trade and crafts. The Santa Ynez Band expects the LPP financing will benefit Tribal
families in the community and improve the Tribe’s overall economic outlook.
6. The Santee Sioux Nation, Nebraska: The Santee Sioux Nation, Nebraska, approved for up to
$849,328, will operate a single equity direct program. The equity direct program will invest
SSBCI capital in three wholly-owned Tribal enterprises, alongside the investment of private
capital sourced from Tribal funds obtained through commerce and/or private investors. The
program will invest in Tribal businesses in the telecommunications, manufacturing, and
recreation industries. The Tribe expects that its SSBCI program will provide models for future
growth-based entrepreneurship and foster greater economic diversity for the Tribal community.
7. The Shivwits Band of Paiutes: The Shivwits Band of Paiutes, approved for up to $684,373, will
operate a single equity direct program which expects to invest SSBCI capital in four wholly-
owned Tribal enterprises alongside capital sourced from Tribal funds obtained through commerce
and/or private investors. The program will invest in Tribal businesses in the retail, youth sports
facilities, and construction industries. The Shivwits Band of Paiutes estimates that its SSBCI
program will create additional job opportunities and foster greater economic diversity for Tribal
members.
8. The Sisseton-Wahpeton Oyate of the Lake Traverse Reservation, South Dakota: The
Sisseton-Wahpeton Oyate of the Lake Traverse Reservation, South Dakota, approved for up to
$3,176,232, will operate a loan participation program (LPP). The LPP will support Tribal
member-owned businesses and small businesses located on or near the reservation, with a
primary emphasis on Very Small Businesses. The LPP will focus on construction, business
services, travel and tourism, energy, and agriculture industries. The Tribe anticipates that its
SSBCI program will boost the local economy, create jobs, and foster workforce opportunities.
9. The Tohono O’Odham Nation of Arizona: The Tohono O’Odham Nation of Arizona, approved
for up to $7,856,731, will operate one capital access program (CAP). The program will target
established and start-up businesses on or off the Tribal reservation across a variety of industries
for purposes including, but not limited to, working capital, equipment, and inventory purposes.
The Tribe expects this CAP program support will facilitate local rural economic development and
create jobs and new entrepreneurship opportunities to Tribal members.
Announced July 2024
1. Bad River Band of the Lake Superior Tribe of Chippewa Indians of the Bad River
Reservation, Wisconsin: The Bad River Band of the Lake Superior Chippewa Indians of the Bad
River Reservation, Wisconsin, approved for up to $1,923,643, will operate a single loan
participation program (LPP). The LPP program will purchase loan participations originated by a
Native CDFI to support Tribal member-owned small businesses across various industries. The
LPP program will target single owner-operated businesses and small businesses supporting
regional broadband connectivity. The Bad River Band estimates that its SSBCI program will
provide opportunities for member entrepreneurship, foster greater economic diversity for the
Tribe, create local jobs, and potentially improve tribal infrastructure.
2. Gila River Indian Community of the Gila River Indian Reservation, Arizona: The Gila
River Indian Community, Arizona, approved for up to $5,052,342, will operate one loan
guarantee program (LGP). The program will meet the needs of the Gila River Indian Community
by making financing available to small businesses where the ability for borrowers to perfect
tangible collateral is limited or borrower payment history is limited. The LGP is expected to
target a variety of small businesses with an expected emphasis on the agriculture sector. The
Tribe expects the program to provide economic diversity for the Gila River Indian Community
and assist with meeting the Tribe’s economic goals, provide opportunities for tribal members to
start and grow small businesses, as well as create jobs to tribal members.
3. Ketchikan Indian Community: The Ketchikan Indian Community, approved for up to
$1,426,515, will operate one collateral support program (CSP). The program will meet the needs
of the Ketchikan Indian Community by providing much needed credit support for tribal member-
owned small businesses in the state of Alaska. The CSP anticipates serving small businesses
primarily in the tourism industry, while also supporting businesses in the retail, agriculture, and
real estate industries. The Tribe expects that the CSP will help the local economy recover from
the negative impacts of the COVID-19 pandemic while creating greater economic diversification
to assist with high seasonal unemployment.
4. Lower Sioux Indian Community in the State of Minnesota: The Lower Sioux Indian
Community in the State of Minnesota, approved for up to $705,201, will operate a single loan
participation program (LPP). The LPP program will provide companion loans to Tribally owned
and member-owned small and micro businesses across a variety of industries. The LPP program
will also support underserved businesses within 50 miles of the Tribal community. Lower Sioux
estimates that its LPP program will diversify its economic base, create more local job opportunity
for its members, and increase household income levels.
5. Lummi Tribe of the Lummi Reservation: The Lummi Tribe of the Lummi Reservation in the
State of Washington, approved for up to $1,175,953, will operate three programs: one equity
direct venture capital program, and two loan participation programs (LPPs). The equity direct
program will provide investment for two Tribally owned commercial businesses. The LPP
programs will provide financing to Tribal-owned, member-owned, or local underserved
businesses across a variety of industries, targeting projects in the fishing industry and those that
positively impact climate change. Lummi Tribe estimates that its programs will promote
entrepreneurship, create local job opportunities, and develop stronger banking relationships for
tribal members.
6. Mesa Grande Band of Diegueno Mission Indians of the Mesa Grande Reservation: The
Mesa Grande Band of Diegueño Mission Indians is the lead applicant of a consortium comprised
of six Tribal governments. This consortium, approved for up to $5,307,619, will operate one
equity funds program. This program will meet the consortium’s needs of providing affordable
access to capital to support qualified financing needs for pre-seed, seed, and early-stage small
businesses owned by the consortium Tribes and their Tribal citizens. The equity funds program is
expected to target access to investment capital in a variety of sectors, including technology and
renewable energy. The consortium expects the program will extend much needed equity
financing to Tribal- and citizen-owned businesses as an alternative to debt financing, and expand
financial and business capabilities for these businesses by introducing them to investor networks.
7. Oneida Nation: The Oneida Nation, approved for up to $3,839,291, will operate one loan
participation program (LPP). The program will meet the needs of the Oneida Nation by
promoting entrepreneurship and small business growth through the availability of accessible
financing. The LPP will target small businesses owned by the tribal nation or tribal members with
a focus on the construction, transportation, and service industries with the Tribe expecting the
program to encourage small business ownership by tribal members and create additional job
opportunities for tribal members. The Oneida Nation will contract with Bay Bank, a Native
CDFI, to help administer its LPP program and serve as a source of companion loans for the
program.
8. Otoe-Missouria Tribe of Indians, Oklahoma: The Otoe-Missouria Tribe of Indians, Oklahoma,
approved for up to $879,653, will operate one equity direct program. The program will meet the
needs of the Otoe-Missouria Tribe by providing affordable access to capital by investing in the
expansion of existing Tribally owned enterprises or investing in new Tribal enterprises in the
agriculture, hospitality, and manufacturing sectors. The program is expected to provide additional
job opportunities for tribal members and support the provision of social, educational, healthcare,
and housing programs.
9. Pawnee Nation of Oklahoma: The Pawnee Nation of Oklahoma, approved for up to $909,145,
will operate one loan participation program (LPP). This program will meet the Tribe’s need to
provide affordable access to capital to support qualified construction, rehab, equipment, and
working capital borrowing needs of Tribally-owned enterprises and small businesses owned by
Tribal members. The Tribe’s LLP is expected to target access to capital needs for elder care and
health sectors, with a portion of the funding targeting expanding financing opportunities to
businesses with 10 or fewer employees. The Tribe estimates that the program will create quality
jobs for Tribal members and will create expanded healthcare benefits from its targeted funding of
health and elder care financing.
10. Red Lake Band of Chippewa Indians, Minnesota: The Red Lake Band of Chippewa Indians of
Minnesota, approved for up to $3,347,495, will operate two programs administered by Red Lake,
Inc, a wholly-owned, tribally-chartered company: one loan guarantee program (LGP) and one
equity funds program. The LGP program will provide much-needed credit support for Tribal-
owned and member-owned construction companies to obtain the surety bonds needed to compete
for large construction projects, including Federal construction contracts. The equity funds
program will provide affordable access to capital to support qualified financing needs by
providing pre-seed, seed, and early-stage Tribal-owned, Tribal member-owned, and underserved
small businesses. The equity fund program is expected to target access to investment capital
towards technology-enabled start-up businesses. Red Lake, Inc. estimates that, collectively, its
programs will expand member access to bonding and equity finance, provide financial education
to business owners, create jobs for the Tribe and surrounding community, and introduce
participating businesses to investor networks.
11. Muscogee (Creek) Nation, Oklahoma: The Muscogee (Creek) Nation, Oklahoma, approved for
up to $20,168,057, will operate three programs: one loan participation program (LPP), one
collateral support program (CSP), and one equity direct program. The programs will provide
critical access to capital to traditionally underserved small businesses. The programs anticipate
serving a wide variety of small businesses, with a portion of the funding intended to support
financing for start-ups. Collectively, the intended result of the Muscogee (Creek) Nation’s
programs will be to diversify the Nation’s economic base, create more employment opportunities
for Tribal citizens, and enable small businesses and start-ups to establish relationships with
lenders and build credit.
12. Saint Paul Island: Saint Paul Island, approved for up to $740,107, will operate one
Equity/Venture Capital Direct program. The program will make a single direct equity investment
in a new Tribally owned small business, pairing SSBCI funds with Tribal funds that have been
obtained wholly from the Tribe’s other commercial businesses. The Tribe expects this business,
which will provide services to federal government agencies, to provide jobs and economic
opportunities for tribal members both on and off Saint Paul Island and generate revenue for Saint
Paul Island that will help fund future Tribal government services, projects, and programs.
13. Saint Regis Mohawk Tribe: The Saint Regis Mohawk Tribe, approved for up to $3,595,613,
will operate one loan participation program (LPP). This program will meet Saint Regis Mohawk
Tribe’s needs of providing affordable access to capital to support qualified construction and
working capital borrowing needs of Tribally owned enterprises and small businesses owned by
tribal members. The Tribe’s LLP is expected to target access to capital needs in the construction,
youth services, and other sectors with a portion of the funding targeting expanding financing
opportunities to businesses with 10 or less employees. Saint Regis Mohawk Tribe estimates that
the program will create jobs for tribal members and provide expanded youth services.
14. Sault Ste. Marie Tribe of Chippewa Indians, Michigan: The Sault Ste. Marie Tribe of
Chippewa Indians, Michigan, approved for up to $10,017,610, will operate two programs: one
loan participation program (LPP) and one collateral support program (CSP). The programs will
provide critical access to capital to traditionally underserved small businesses. The programs
anticipate serving a wide variety of small businesses, with a portion of the funding intended to
support financing for start-up businesses. Collectively, the intended result of the Sault Ste. Marie
Tribe’s programs will be to create local jobs for Tribal members and enable small businesses and
start-ups to establish relationships and build credit with lenders.
15. The Manzanita Band of Diegueno Mission Indians of the Manzanita Reservation,
California: The Manzanita Band of Diegueno Mission Indians of the Manzanita Reservation,
California, approved for up to $619,889, will operate one loan participation program (LPP). This
program will meet Manzanita Band’s need to provide affordable access to capital to support
qualified construction and working capital borrowing needs of Tribally owned enterprises and
small businesses owned by tribal members. The Tribe’s LLP is expected to target access to
capital needs in the clean energy, education, elder care, and health sectors, with a portion of the
funding targeting expanding financing opportunities to businesses with 10 or less
employees. Manzanita Band estimates that the program will create quality jobs for Tribal
members and will create environmental benefits from its targeted funding of clean energy
projects.
16. The Spirit Lake Tribe, North Dakota: The Spirit Lake Tribe, North Dakota, approved for up to
$1,677,967, will operate one loan participation program (LPP). The program will meet the needs
of the Spirit Lake Tribe by leveraging SSBCI funds needed to provide affordable access to capital
to support qualified construction, rehab, equipment, and working capital borrowing needs of
Tribally-owned enterprises and small businesses owned by tribal members. The LPP is expected
to target small businesses in the construction, entertainment, commercial goods, and community
services sectors, providing sustainable, full-time jobs to Tribal members and increasing economic
diversity in accordance with Spirit Lake Tribe’s priorities of increasing job opportunities and
fighting homelessness among its members.
17. The Standing Rock Sioux Tribe of North and South Dakota: The Standing Rock Sioux Tribe
of North and South Dakota, approved for up to $3,576,734, will operate a single loan
participation program (LPP). The LPP program will provide much-needed credit support for
Tribal member-owned companies and is expected to support a variety of small businesses,
including those in the food production, livestock, and agriculture industries. Standing Rock Sioux
Tribe estimates that its programs will increase the number and development of small businesses
on the Tribe’s reservation, provide greater economic opportunity for Tribal members through job
creation and entrepreneurship, and assist the Tribe in its efforts to lower the poverty rate among
its members.
18. Winnemucca Indian Colony of Nevada: The Winnemucca Indian Colony, approved for up to
$609,643, will operate one Equity/Venture Capital Direct Program. The program will meet the
needs of the Winnemucca Indian Colony by leveraging SSBCI funds to support the equity
financing of Tribally owned enterprises. The Tribe expects that the Equity/Venture Capital
program will provide sustainable full-time jobs and professional development opportunities for
tribal members and provide additional revenues for the Tribe that can be used to support public
services including health, education, and social services.
Announced March 2024
19. Cheyenne and Arapaho Tribes, Oklahoma: The Cheyenne and Arapaho Tribes, Oklahoma,
approved for up to $2,869,249, will operate one loan participation program (LPP). This program
will meet the needs of the Cheyenne and Arapaho Tribes by providing affordable credit support
for majority tribal-owned small businesses. The program anticipates serving small businesses
across multiple industries including, but not limited to, agriculture, energy, professional services,
and manufacturing. Cheyenne and Arapaho’s LPP will be implemented by its wholly owned,
non-profit Cheyenne and Arapaho Community Development Corporation (CACDC). In addition
to providing affordable credit support, the Cheyenne and Arapaho Tribes expect the programs to
promote job opportunities and greater financial education for Tribal members.
20. Coushatta Tribe of Louisiana: The Coushatta Tribe of Louisiana, approved for up to $687,039,
will operate one loan participation program. This program will meet Coushatta’s needs of
providing affordable access to capital to support qualified construction, rehab, equipment, and
working capital borrowing needs of Tribally-owned enterprises and small businesses owned by
tribal members. Coushatta’s loan participation program is expected to target access to capital
needs in the construction, education, and eldercare sectors and estimates that the program will
create jobs for tribal members and provide expanded elder care and educational program access to
tribal members.
21. Navajo Nation, Arizona, New Mexico, & Utah: Navajo Nation – Arizona, New Mexico, Utah,
approved for up to $88,739,540, will operate a loan guarantee program and a loan participation
program. Both programs will target eligible small businesses and tribal enterprises that can create
jobs for tribal members both on and off the reservation in industries such as construction,
business services, energy, agriculture, and art. The Navajo Nation plans to use its network of 5
Regional Business Development Offices to support the expansion of small business lending on
tribal lands and identify businesses that need additional support to further improve economic
development opportunities in the Navajo Nation’s communities.
22. Oglala Sioux Tribe: The Oglala Sioux Tribe, approved for up to $10,150,666, will operate one
loan participation program (LPP). This program will meet the needs of the Oglala Sioux Tribe by
providing affordable credit support for tribal member-owned small businesses and small
businesses on or near Oglala’s Pine Ridge Reservation in South Dakota. The program anticipates
serving small businesses across multiple industries including, but not limited to, construction,
technology, agriculture, manufacturing, retail, sustainable energy, and travel, and tourism. The
Oglala Sioux Tribe estimates that the program will create economic opportunities and a
significant amount of jobs for tribal members. The program is also expected to improve energy
and transportation infrastructure, food security, community growth, and workforce development
for the Tribe and its surrounding communities.
23. Seneca–Cayuga Nation: The Seneca-Cayuga Nation, approved for up to $1,196,612, will
operate one Equity/Venture Capital Direct program. This program expects to make direct
investments in three tribally owned enterprises and projects that investments will target the
technology and construction industries as well as a tribally-owned gas station and convenience
store. The Seneca-Cayuga Nation expects its equity program investments to create new quality
jobs for tribal members as well as expand the Tribe’s economic capacity to support future growth.
24. Summit Lake Paiute Tribe of Nevada: The Summit Lake Paiute Tribe of Nevada, approved for
up to $621,389, will operate one collateral support program (CSP). The program will meet the
needs of the Summit Lake Paiute Tribe by providing much needed credit support for tribal
member-owned small businesses and small businesses located on Summit Lake tribal land. The
CSP Program anticipates serving small businesses in multiple industries, including businesses
that support the preservation of natural resources. The Tribe expects that the CSP program will
help provide jobs for tribal members and foster long-term economic growth for the Tribal
jurisdiction.
25. Wampanoag Tribe of Gay Head (Aquinnah): The Wampanoag Tribe of Gay Head Aquinnah
(WTGHA), approved for up to $721,863, will operate one loan participation program (LPP). This
program will provide much needed credit support for WTGHA Tribal citizens who are creating or
expanding small businesses for which they have a controlling interest. The program anticipates
serving small businesses across multiple industries with a focus on the tourism, hospitality, and
construction industries. WTGHA’s LPP program is expected to lead to job creation for Tribal
members and provide tribal entrepreneurs access to affordable financing to overcome the high
materials and logistics costs of operating businesses on Martha’s Vineyard, where WTGHA is
located.
Announced December 2023
26. Akiak Native Community: Akiak Native Community, approved for up to $647,000, will operate
one program, an equity/venture capital program. The program will invest in new wholly owned
Tribal businesses, targeting an investment in a wholly owned startup business capable of
competing for federal grants and offering needed services to the Tribal community.
27. Cachil DeHe Band of Wintun Indians of the Colusa Indian Community of the Colusa
Rancheria, California: Cachil DeHe Band of Wintun Indians of the Colusa Indian Community
of the Colusa Rancheria, California, approved for up to $615,000, will operate one program, an
equity/venture capital program. The program will make direct equity investments in wholly-
owned tribal businesses with a focus on tourism and hospitality.
28. Caddo Nation: Caddo Nation of Oklahoma, approved for up to $1.4 million, will operate one
program, an equity/venture capital program. The program will target existing wholly-owned
Tribal businesses engaged in retail and convenience services, as well as new businesses engaged
in meat processing, construction services, contracting, and clean energy related services,
including environmental waste digesters, electric vehicle recharging stations and other similar
businesses.
29. Cahuilla Band of Indians: Cahuilla Band of Indians, approved for up to $646,000, will operate
one program, a loan participation program (LPP). The program will purchase participation in
loans made by local lenders targeting tribal-owned enterprises and tribal member-owned
enterprises to expand or start up a new small business. Emphasis will be placed on eligible small
businesses and tribal enterprises that can create jobs for tribal members both on and off the
reservation.
30. Cheyenne River Sioux Tribe of the Cheyenne River Reservation: The Cheyenne River Sioux
Tribe of the Cheyenne River Reservation, SD, approved for up to $4,937,944, will operate one
capital access program (CAP). The CAP Program anticipates expanding the availability of credit
to small businesses in the retail food, landfill, trucking, agriculture, and communications
industries. The Tribe expects this credit support will expand opportunities for tribal
entrepreneurship while addressing historically high rates of unemployment and poverty
experienced by the Cheyenne River Sioux members.
31. Comanche Nation: The Comanche Nation of Oklahoma, approved for up to $3,882,828, will
operate one loan participation program (LPP). The program will meet the needs of the Comanche
Nation by providing much needed credit support for tribal member-owned small businesses
located throughout Oklahoma while providing jobs for tribal members both on and off the
Comanche reservation. The LPP Program anticipates serving small businesses in the construction,
business services, energy, and agriculture industries with the expectation that this credit support
will also lead to improvements in tribal roads, buildings, other infrastructure, energy production,
food security, community support, and workforce development.
32. Lac Courte Oreilles Band: Lac Courte Oreilles Band of Lake Superior Chippewa Indians of
Wisconsin, approved for up to $1.8 million, will operate one program, a loan participation
program (LPP). The program will allow purchased participations in a loan originated by a lender,
or origination of a companion loan. The program will prioritize businesses owned by tribal
members living within reservation boundaries but will be available to businesses owned by tribal
members living off reservation in WI, and non-tribal member owned underserved businesses
operating on or near reservation boundaries. The program will invest in new wholly-owned Tribal
businesses, targeting an investment in a wholly-owned startup business capable of competing for
federal grants and offering needed services to the Tribal community.
33. Miccosukee Tribe of Indians: Miccosukee Tribe of Indians, approved for up to $656,963, will
operate a loan participation program (LPP). The LPP will make companion loans of up to 35% of
the principal loan amount and will target small businesses.
34. Minnesota Chippawa – Bois Forte Band: The Minnesota Chippewa – Bois Forte Band,
approved for up to $904,480, will operate one loan participation program (LPP), one loan
guarantee program (LGP), and one collateral support program (CSP). These three programs will
meet the needs of the Minnesota Chippewa – Bois Forte Band by providing much needed credit
support for small businesses that are at least 25 percent owned by a tribal member or first-
generation descendant. The programs anticipate serving small businesses in the retail, arts,
recreation, and personal care industries. The Tribe expects that the loan programs will improve
the economic opportunities for tribal members and tribally-owned businesses and help generate
additional tax revenue for the Minnesota Chippewa – Bois Forte Band.
35. Minnesota Chippawa – Fond Du Lac Band: The Minnesota Chippewa – Fond Du Lac Band,
approved for up to $956,633, will operate one loan participation program (LPP), one loan
guarantee program (LGP), and one collateral support program (CSP). These three programs will
meet the needs of the Minnesota Chippewa – Fond Du Lac Band by providing much needed credit
support for small businesses that are at least 25 percent owned by a tribal member or first-
generation descendant. The programs anticipate serving small businesses in the retail, arts,
recreation, personal care, trucking, logging, fishing, photography, media services, and restaurant
industries. The Tribe expects that the loan programs will improve the economic opportunities for
tribal members and tribally owned businesses.
36. Minnesota Chippewa – Grand Portage Band: The Minnesota Chippewa – Grand Portage Band,
approved for up to $695,786, will operate one loan participation program (LPP), one loan
guarantee program (LGP), and one collateral support program (CSP). These three programs will
meet the needs of the Minnesota Chippewa – Grand Portage Band by providing much needed
credit support for small businesses that are at least 25 percent owned by a tribal member or first-
generation descendant. The programs anticipate serving small businesses in the retail, arts,
recreation, personal care, trucking, logging, fishing, photography, media services, and restaurant
industries. The Tribe expects that the loan programs will improve the economic opportunities for
tribal members and tribally owned businesses.
37. Minnesota Chippewa – White Earth Band: Minnesota Chippewa – White Earth Band, approved
for up to $3,883,494.00, will operate two programs, a collateral support program (CSP) and a
loan participation program (LPP). Both the CSP program, allocated $800,000, and the LPP
program, allocated just over $3 million, will target small businesses that need working capital,
equipment, inventory, or other eligible business expenses and are located on the White Earth
Reservation or tribally-owned or controlled.
38. Native American Development Corporation (NADC): A group of 7 Tribal governments
applying jointly through the Native American Development Corporation (NADC), approved for
up to $6.5 million, will operate two programs, a collateral support program (CASP) and a loan
participation program (LPP). The LPP program will use companion/direct loans (preferred) and
purchase participations originated by lenders, including CDFIs, and loans will be made to both
tribal enterprises and native-owned enterprises from the participating tribes. The participating
Tribes are located in areas of Montana, South Dakota, Oklahoma, Virginia, and California, but
have many members located across the country. The participating tribes anticipate that the
programs can help build a more balanced economy for their Nation and are working closely with
the Native American Development Corporation to address their diverse business lending needs.
39. Omaha Tribe: The Omaha Tribe of Nebraska, approved for up to $1,535,581, will operate one
loan participation program (LPP). The program will meet the needs of the Omaha Tribe of
Nebraska by providing much needed credit support for tribal member-owned small businesses
and jobs for members of the Tribe and residents of the surrounding community. The LPP
Program anticipates serving small businesses in the renewable energy, construction, technology,
and agriculture industries.
40. San Pasqual Band of Diegueno Mission Indians of California: San Pasqual Band of Diegueno
Mission Indians of California, approved for up to $620,889.00, will operate one loan participation
program. The program will target loans to tribally owned enterprises, tribal member-owned
businesses, Native Americans living on the reservation, and tribal members living off the
reservation in order to provide for transactions that lead to job opportunities and provide benefits
to the tribe.
41. The Choctaw Nation of Oklahoma: The Choctaw Nation, Oklahoma, approved for up to
$44,981,736, will operate three programs: one loan participation program (LPP), one collateral
support program (CSP), and one equity direct program. The programs will provide critical access
to capital to traditionally underserved small businesses in the Choctaw Nation reservation. The
programs anticipate serving a wide variety of small businesses with specific emphasis on
financing start-ups and innovation-focused industries. The overarching goal of the Choctaw
Nation’s programs is to collectively build a strong reservation economy, fostering sustained
growth that generates employment opportunities , elevates wages, improves living standards, and
addresses barriers to capital access for underserved communities and startups lacking established
banking relationships.
42. The Seminole Nation: The Seminole Nation of Oklahoma, approved for up to $4,139,833, will
operate three programs: one loan participation program (LPP), one collateral support program
(CSP), and one equity direct program. These programs will meet the needs of the Seminole
Nation by providing much needed credit support for tribal-owned, tribal member-owned, and
non-member-owned small businesses within the Seminole Nation’s jurisdiction. The programs
anticipates serving small businesses across multiple industries with the equity direct program
focused specifically on food sovereignty and energy industries. Collectively, the intended result
of the Seminole Nation’s programs will be job creation and overcoming barriers to capital access
faced by tribal members.
43. Turtle Mountain Band: Turtle Mountain Band of Chippewa Indians of North Dakota, approved
for up to $7.2 million, will operate one program, a loan participation program (LPP). The
program will purchase participations of up to 50% of senior loans and will partner with a local
bank to originate loans. The tribe expects to work with more than 300 identified small businesses,
other entrepreneurs, and agricultural producers who will receive business training and assistance
to secure a loan.
Announced June 2023
44. Affiliated Tribes of Northwest Indians Economic Development Corporation (ATNI-EDC):
The group of 25 tribal governments applying jointly through the Affiliated Tribes of Northwest
Indians Economic Development Corporation (ATNI-EDC), approved for up to $21 million, will
operate three programs, a loan guarantee program (LGP) and two loan participation programs
(LPP). The Tribal Bridge Financing Program (TBFP), an LPP program allocated approximately
$12.1 million, will provide companion loans as pre-development capital for Tribal enterprises.
The TBFP program gives special consideration for projects impacted by climate change. The
Loan Participation for Tribal entrepreneurs (LPTE), an LPP program allocated approximately
$7.7 million, will provide companion loans to Tribal entrepreneurs.
45. Citizen Potawatomi Nation, Oklahoma: Citizen Potawatomi Nation, Oklahoma, approved for
up to $8,066,643, will operate one loan participation program. The Citizen Potawatomi
Community Development Corporation (CPCDC) Loan Participation Program expands on an
existing CPCDC program with multiple participation models including both purchased
participations and companion loans. The program will target small businesses among Native
Americans or Citizen Potawatomi Nation employees in Oklahoma and across the U.S.
46. Confederated Tribes of the Umatilla Indian Reservation: Confederated Tribes of the Umatilla
Indian Reservation, approved for up to $869,823 will operate three programs, a collateral support
program (CSP), a loan guarantee program (LGP), and a loan participation program (LPP). The
Small & Micro Business Loans LPP program will provide up to 50% participation in eligible
loans primarily through companion (direct) loans. The program will target Tribal member and
Native American-owned businesses, including in retail and food service industries, among others.
47. Eastern Band of Cherokee Indians: Eastern Band of Cherokee Indians, approved for up to $3.5
million, will operate one program, a loan guarantee program (LGP). The program will meet the
needs of Eastern Band of Cherokee Indians small businesses applying for loans of up to $750K
that would not otherwise qualify for private financing due to collateral requirements. They
anticipate serving small businesses in the construction, service, hospitality, food service and craft
industries.
48. Levelock Village: Levelock Village, approved for up to $627,054, will operate one
equity/venture capital program. Levelock Village will invest in new or existing wholly owned
tribal businesses serving the tribal community, targeting businesses in the fishing industry.
49. Menominee Indian Tribe of Wisconsin: Menominee Indian Tribe of Wisconsin, approved for
up to $1.99 million, will operate a loan participation program. The MITW Business Loan
Program will either purchase a portion of a loan originated by a lender or originate a companion
loan. The program will target businesses owned by Tribal members, chartered by the Menominee
Tribe, and businesses located on the Menominee reservation.
50. Ninilchik Village: Ninilchik Village, approved for up to $689,038, will operate one program: an
equity/venture capital program. Ninilchik Village projects it will make direct co-investments into
Tuyan, a small business focused on providing engineering services.
51. Paskenta Band of Nomlaki Indians of California: Paskenta Band of Nomlaki Indians of
California, approved for up to $631,387.00, will operate an equity/venture capital program. The
direct equity investment program will target new or existing wholly-owned Tribal small
businesses.
52. Redding Rancheria, California: Redding Rancheria, California, approved for up to $639,552,
will operate one program, an equity/venture capital program. The program will target small
businesses wholly owned by RRTG.
53. Rosebud Sioux Tribe of the Rosebud Indian Reservation, South Dakota: Rosebud Sioux
Tribe of the Rosebud Indian Reservation, South Dakota, approved for up to $7.8 million, will
operate one program, a loan participation program (LPP). The Siċaŋġu Business Opportunity
Fund will purchase participation in loans made by regional banks, CDFIs, private investors and
foundations, and facilitate connections between Siċaŋġu businesses and these lenders. The
program will target established Siċaŋġu entrepreneurs and tribally owned businesses along with
emerging very small businesses on the reservation.
54. The Chickasaw Nation: The Chickasaw Nation, approved for up to $16.0 million, will operate
two programs; a collateral support program and a venture capital program. Each program will be
allocated $8 million. The collateral program will provide support to small businesses seeking debt
financing with a gap in collateral. The venture capital program will make limited partner
investments in seed and early-stage focused venture funds to support growth in underserved small
businesses.
55. The Inupiat Community of the Arctic Slope: The Inupiat Community of the Arctic Slope,
approved for up to $2.9 million, will operate one program, an equity/venture capital program.
Through this program, the ICAS Economic Development Department will administer an
equity/venture capital investment program for tribally owned small businesses. These investments
will be strategic in their ability to elevate infrastructure, services and commodities throughout the
North Slope while respecting Inupiat ways of life.
56. The Osage Nation: The Osage Nation, approved for up to $5,092,326, will operate three
programs: one loan participation program, one collateral support program, and one equity/venture
capital program. The Osage Nation through the SSBCI program will provide credit and
investment support to start-up small businesses in the healthcare, tourism, and technology
industries, amongst other industries.
57. Washoe Tribe of Nevada and California: Washoe Tribe of Nevada and California, approved
for up to $724,528, will operate a loan participation program (LPP). The LPP will purchase
participations or make companion loans of up to 50% of principal loan amounts and will target
tribally-owned enterprises and tribal member-owned enterprises, including start-ups.
58. Yurok Tribe of the Yurok Reservation, California: Yurok Tribe of the Yurok Reservation,
California, approved for up to $1,406,081, will operate two loan participation programs. The
Tribe will originate small dollar loan participations through an authorized CDFI, as well as
participate in loans alongside traditional lenders.