Indian Loan Guaranty, Insurance, and Interest Subsidy Program
Bureau of Indian Affairs (BIA)
What is Indian Loan Guaranty, Insurance, and Interest Subsidy Program?
The purpose of the program is to help Indian-owned businesses obtain commercially-reasonable financing from private sources. The Division of Capital Investment manages the Indian Loan Guaranty, Insurance, and Interest Subsidy Program which breaks through the conventional barriers to financing for tribes and individual Indians. The loan program helps facilitate loan financing for borrowers that would not be able to do so otherwise. The Division helps secure reasonable interest rates and reduces risks for all parties involved to promote economic development on or near an Indian community's reservation or service area.
Administration
Indian Loan Guaranty, Insurance, and Interest Subsidy Program is administered by Bureau of Indian Affairs (BIA).
Program Requirements
In order to qualify for this benefit program, you must be one of the following:
- An individually enrolled member of a Federally recognized American Indian tribe or Alaska Native group
- A corporation, limited liability company or other acceptable business entitywith no less than 51 percent ownership by Federally recognized American Indians or Alaska Natives.
- A Federally recognized American Indian Tribe or Alaska Native group.